Prospect Resources Ltd Stock Market Press Releases and Company Profile

View in Other Languages Prospect Resources Ltd (ASX:PSC) 收到阿卡迪亚项目反循环钻探的更多高品位结果 Prospect Resources Ltd (ASX:PSC) More High Grade Assay Results Received from RC Drilling at Arcadia Lithium Project Prospect Resources Ltd (ASX:PSC) 收到阿卡迪亞項目反循環鑽探的更多高品位結果 
More High Grade Assay Results Received from RC Drilling at Arcadia Lithium Project
More High Grade Assay Results Received from RC Drilling at Arcadia Lithium Project

Perth, Oct 4, 2016 AEST (ABN Newswire) - Prospect Resources Ltd (googlechartASX:PSC) (Prospect, the Company) is pleased to report assay results from 4 more RC drill holes at the Company's Arcadia high grade lithium project. Assays from 9 RC drill holes have been received with results from another 23 RC holes pending.

Assay results from the next 4 RC drill holes returned a peak grade of 4.31% Li2O.

Significant intersections are summarised as (all true width):

ACR010 - peak grade 2.63% Li2O

- 32m @ 1.00% Li2O from 33m

ACR011 - peak grade 3.50% Li2O

- 6m @ 1.46% Li2O from 32m
- 29m @ 1.58% Li2O from 41m

ACR012 - peak grade 4.31% Li2O

- 24m @ 1.46% Li2O from 54m

ACR013 - peak grade 2.01% Li2O

- 5m @ 1.04% Li2O from 25m

Drilling to date has covered approx. 12% of the Company's exploration area. The drilled strike of the 14 horizontally stacked pegmatites extends more than 1km SW-NE and some 400m down dip to NW and is open along strike and down dip. The Company's ground position now covers more than 600 hectares of mining licences.

The Company intends to release its first JORC reportable Mineral Resource before the end of October 2016.

Previously reported high grade lithium intercepts include: Peak grade of 4.35% Li2O. Significant intersections (all true width):

ACR003 - peak grade 2.47% Li2O

- 3m @ 3.05% Li2O from 19m
- 17m @ 1.46% Li2O from 42m
- 2m @ 2.07% Li2O from 64m

ACR002 - peak grade 4.35% Li2O

- 11m @ 2.03% Li2O from 24m

ACR001 - peak grade 2.51% Li2O

- 10m @ 1.5% Li2O from 19

ACR020 - peak grade 2.57% Li2O

- 2m @ 1.49% Li2O from 22m
- 5m @ 1.76% Li2O from 35m
- 19m @ 1.60% Li2O from 43m

ACR021 - peak grade 2.43% Li2O

- 4m @ 1.21% Li2O from 33m
- 15m @ 1.42% Li2O from 66m

To view the full release including tables and figures, please visit:
http://abnnewswire.net/lnk/RM67H5Y8


About Prospect Resources Ltd

Prospect Resources Ltd ASX PSCProspect Resources Limited (ASX:PSC) is based in Australasia with operations in Zimbabwe and is a publicly listed company. We are committed to creating value for Prospect's shareholders and the communities in which our company operates. Our vision is to build a Southern African based mining company of international scale.

abnnewswire.com 


Contact

Hugh Warner
Executive Chairman
Prospect Resources Ltd
T: +61-413-621-652

Harry Greaves
Prospect Resources Ltd
Executive Director
T: +263-772-144-669
WWW: www.prospectresources.com.au



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