Image Sourced ShutterStock
The Market Herald - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Pioneer Resources has found high-grade lithium results at its Pioneer Dome Project
  • Drilling is scheduled to commence in August 2019
  • The Project sits on a ‘lithium corridor’

Pioneer Resources has found high grade lithium results at its Pioneer Dome Project.

Assays of rock chips taken during geological mapping have provided evidence of high grade spodumene mineralisation.

Target 1 was 200m long and found 7 rock chips returned between 1.40 per cent and 1.99 per cent Li2O.

Target 2 was 300m long and found 17 rock chips returned between 1.65 per cent and 3.70 per cent Li2O.

Drilling is scheduled to commence in August 2019 with 5,000m planned following up the results. The drilling was approved by environmental and aboriginal heritage surveys.

The Pioneer Dome Project is located in Norseman approximately 110km south of Kalgoorlie, WA.

The Project sits on a ‘lithium corridor’ which includes three lithium mines nearby: Mt Marion, Bald Hill and Mt Cattlin which are all owned by different companies.

Pioneer is an Australian development and exploration company that has projects around WA and in Canada.

The company also announced the drilling program for the Sinclair Mine has been completed and results are currently pending.

PIO by the numbers
More From The Market Herald

Namoi Cotton shares soar on non-binding indicative offer from LDC

Namoi Cotton (ASX:NAM) shares are soaring after LDC made a non-binding indicative offer to acquire the…

ClearVue Technologies locks in new US distributor for next-gen solar panel glass

ClearVue Technologies (ASX:CPV) shares were up almost 10 per cent today following the completion of a…

Droneshield has made $62.9M YTD – with more inflows coming Q1CY24

Droneshield (DRO) has confirmed its receipt of $62.9 million year to date (YTD) since January 1…
DRO

DroneShield secures $2.2m repeat order from European Government customer

DroneShield (ASX:DRO) has secured a repeat order of $2.2 million from a European Government customer for…