Drilling contracts signed with key drill contractors to commence major lithium exploration and resource drilling push at Finniss.
Geological team on site preparing for a massive field season.
Drill planning finalised for the arrival of RC and diamond drill rigs to site later this month.
Early assessment of new Leviathan acquisition very promising
Core Lithium, Adelaide, Australia, has recently awarded key drilling contracts to enable the Company’s drill service providers to plan and mobilise to site. Finniss RC and diamond core drilling expected to commence in coming weeks.
Core’s geological team is currently on site preparing drill access and site logistics, ahead of the most extensive exploration and drilling campaign in the Company’s history.
Core has also submitted and is awaiting approval to commence drilling on the exciting new Leviathan acquisition (ASX:CXO announcement 4/3/2021).
Early assessment of historical drilling information in 3D looks very promising, and Core expects to update the market on the new Leviathan acquisition shortly. The aim is to complete the purchase of these assets in 2021 and to significantly increase Mineral Resources and potentially increase the Finniss Project’s life of mine.
Core Lithium Managing Director Stephen Biggins said: “Core has been looking forward to recommencing lithium exploration and resource expansion drilling at Finniss this year with great anticipation. We are about to launch the largest exploration and resource drilling campaigns in the Company’s history with the aspiration of more than doubling Core’s Lithium Resources and Finniss Project’s Life of Mine. Our lithium exploration and resource drilling budgets have been heavily capital restrained over recent years – and now it is the right time to amp up our lithium drilling alongside accelerating lithium prices.”