- Jindalee Resources (JRL) begins drilling at its McDermitt Project in Oregon, USA
- A diamond drill rig has begun drilling with a reverse circulation drill rig expected to arrive on-site later this week
- A total of 39 holes will be drilled with 29 planned to increase confidence in the mineral resource and the remainder to determine the extent of the lithium mineralisation
- Results are expected to be received in the March quarter with turnaround times expected to be roughly 12 weeks
- Jindalee ends the day 6.11 per cent in the green with shares trading at $2.43 each
Jindalee Resources (JRL) has begun drilling at its McDermitt Project in Oregon, USA.
The McDermitt Project is located in the southeast of the state, and an initial drilling program in September 2018 intersected substantial thicknesses of lithium mineralisation.
A diamond drill rig has begun drilling with a reverse circulation (RC) drill rig expected to arrive on-site later this week.
This drilling program is designed to infill and extend the mineral resource of 1.43 billion tonnes at 1320 parts per million lithium that was announced in April.
Jindalee has been approved to drill 39 RC and diamond holes from the Oregon Department of Geology and Mineral Industries.
Roughly 29 holes will be drilled to increase the company’s confidence in the inferred mineral resource and convert it to the indicated category.
The remainder of the holes will determine the extent of the lithium mineralisation across the project.
Results are expected to be received in the March quarter with turnaround times expected to be roughly 12 weeks.
Jindalee has ended the day 6.11 per cent in the green with shares trading at $2.43 each for a $123.8 million market cap.