Jindalee Resources Ltd (ASX:JRL) has released further results from its drilling program at the McDermitt Lithium Project located in SE Oregon, USA.
The 2022 drilling program is designed to infill and extend the Mineral Resource Estimate (MRE) announced on July 6, 2022, of 1.82 billion tonnes @ 1,370 parts per million (ppm) lithium for 13.3 million tonnes LCE (Lithium Carbonate Equivalent) at 1,000 ppm lithium cut-off.
Plan view of the McDermitt Lithium Project with drill collars and 2022 Mineral Resource (at 1523mRL).
Today, the company reported strong shallow intercepts from all five holes, including:
- MDRC024: 68.6 metres @ 1669 ppm lithium from zero metres (surface) (including 13.7 metres @ 2455 ppm lithium from 35.1 metres); and
- MDRC025: 50.3 metres @ 1512 ppm lithium from zero metres (surface) (including 6.1 metres @ 2100 ppm lithium from 29 metres).
Continued significant results
Prior to today’s announcement, Jindalee had already released significant intercepts from the first four diamond holes (MDD020 to MDD023).
Assay results from RC holes MDRC024, MDRC025, MDRC027, MDRC031 and MDRC033 have been received, with all holes returning significant shallow intercepts:
- MDRC024: 68.6 metres @ 1669 ppm lithium from zero metres (including 13.7 metres @ 2455 ppm lithium from 35.1 metres);
- MDRC025: 50.3 metres @ 1512ppm lithium from zero metres (including 6.1 metres @ 2100 ppm lithium from 29 metres);
- MDRC027: 13.7 metres @ 1554ppm lithium from 9.1 metres (including 4.6 metres @ 2172 ppm lithium from 16.8 metres); and
- MDRC031:
Thus far, all five RC holes reportedare located within the current inferred mineral resource but outside the current indicated mineral resource.
Assays have been received from diamond holes MDD020 to MDD023 and RC holes MDRC024, MDRC025, MDRC027, MDRC031 and MDRC033, with results from the remaining 12 holes still pending.
The company will continue to release a steady of assay results through to December, with results to be announced as they become available.
2022 McDermitt Mineral Resource Estimates at the reporting cut-off of 1,000ppm. Note: totals may vary due to rounding.