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Pioneer Resources discover high-grade Lithium

Industrial
ASX:PIO
16 July 2019 23:15 (AEST)

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Pioneer Resources has found high grade lithium results at its Pioneer Dome Project.

Assays of rock chips taken during geological mapping have provided evidence of high grade spodumene mineralisation.

Target 1 was 200m long and found 7 rock chips returned between 1.40 per cent and 1.99 per cent Li2O.

Target 2 was 300m long and found 17 rock chips returned between 1.65 per cent and 3.70 per cent Li2O.

Drilling is scheduled to commence in August 2019 with 5,000m planned following up the results. The drilling was approved by environmental and aboriginal heritage surveys.

The Pioneer Dome Project is located in Norseman approximately 110km south of Kalgoorlie, WA.

The Project sits on a ‘lithium corridor’ which includes three lithium mines nearby: Mt Marion, Bald Hill and Mt Cattlin which are all owned by different companies.

Pioneer is an Australian development and exploration company that has projects around WA and in Canada.

The company also announced the drilling program for the Sinclair Mine has been completed and results are currently pending.

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