WCP Resources Limited (ASX: WCP) – $0.100
03 Apr 2017
WCP Resources Limited (ASX: WCP) has intersected high grade lithium mineralisation at its 100% owned Piedmont Lithium Project located in the Carolina Tin-Spodumene Belt in North Carolina, United States (Figure 1).
Figure 1. Location of the Piedmont Lithium Project
Highlights from assay results for the first five drill holes completed include:
- 5.0 metres at 1.90% Li2O from 41.0 metres within 22.9 metres at 1.02% Li2O from 38.0 metres
- 4.0 metres at 1.88% Li2O from 57.0 metres and 3.9 metres at 1.47% Li2O from 67.0 metres within 13.6 metres at 1.23% Li2O from 57.0 metres
The first phase drilling program consisted of 12 diamond core drill holes totalling 1,662 metres with all core processed, sampled and shipped for assaying. Results for the remaining 7 drillholes will be released in the coming weeks.
The planning for the Phase 2 drilling program is underway and expected to commence by the end of April 2017.
For further information, visit wcpresources.com.au
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