Lithium Power International Ltd Stock Market Press Releases and Company Profile
TABBA TABBA DRILLING PROGRAM COMMENCED
TABBA TABBA DRILLING PROGRAM COMMENCED

Sydney, July 24, 2019 AEST (ABN Newswire) - Lithium Power International Limited (googlechartASX:LPI) (googlechart24L:FRA) (googlechartLTHHF:OTCMKTS) is pleased to advise the initial Tabba Tabba drilling program has commenced this week with up to 4000 m of reverse circulation (RC) drilling planned to test outcropping pegmatites located in geochemical surveys (Figure 1 in link below). The drilling may also extend into the nearby Strelley property.

Previous geological mapping and evaluation of the soil geochemical survey identified areas of outcropping pegmatite hosted in mafic schist and mafic intrusives. The largest area of elevated soil geochemistry extends over 4.3 km in the easternmost greenstone belt, with additional outcrops of pegmatite located in the western and central greenstone belts in the property.

The drilling program is designed to target the most prospective areas within the soil geochemical survey, where outcrops of lithium-bearing pegmatites are surrounded by shallow cover. Results will be finalised and available within 3Q19 following completion of the drilling program.

The Tabba Tabba and Strelley tenements are 100% owned by LPI, with Tabba Tabba located just 70 km and Strelley 40 km southeast of Port Hedland, a major port through which new lithium producers in the Pilgangoora area are shipping spodumene concentrate.

Lithium Power International's Chief Executive Officer, Cristobal Garcia-Huidobro, commented: "The commencement of the Tabba Tabba drilling program is aligned with LPI's stated objective of being a diversified lithium developer. Our Tabba Tabba project is located in a known lithium belt in the Pilbara, with two recent lithium discoveries. The project has excellent logistics and proximity to Port Hedland, and we look forward to providing drilling results once they become available".

Tabba Tabba Project Background

LPI's Tabba Tabba tenement covers 56 km2 over three greenstone belts that are located along the regional Tabba Tabba shear zone, a major fault structure that is associated with lithium, tantalum, gold and base metal mineralisation. The project is located approximately 70 km southeast from Port Hedland and has road access close to the Great Northern Highway.

The tenement is immediately adjacent and along strike from the lithium project being drilled by FMG, who is now exploring for lithium globally. The project is also located NE along strike from the historical Tabba Tabba tantalum mine. The belt has previously been explored for gold and base metals, but not for lithium.

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About Lithium Power International Ltd

Lithium Power InternationalLithium Power International Limited (ASX:LPI) is a pure play lithium company with three distinct project regions to provide diversification. One is located in South America's brine region and three are in Australia's spodumene hard rock areas of Western Australia.

The primary focus is to develop of Chile's next high-grade lithium mine on the Maricunga Salar in an area known as the Lithium Triangle. The Company has also expanded its tenement holdings of lithium exploration prospects in Western Australia.

https://twitter.com/LithiumPowerLPI https://www.linkedin.com/company-beta/17892940?pathWildcard=17892940 abnnewswire.com 


Contact

Cristobal Garcia-Huidobro - CEO; or
Andrew Phillips - CFO
E: info@lithiumpowerinternational.com
Ph: +612 9276 1245
www.lithiumpowerinternational.com
@LithiumPowerLPI



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