Market Herald logo

Subscribe

Be the first with the news that moves the market
  • June drilling at the Pioneer Dome Project was designed to further test lithium and caesium extensions
  • A high-grade result of 8 metres @ 3.10 per cent lithium oxide was uncovered – the thickest and highest-grade lens of lithium mineralisation to date
  • Drilling for spodumene at two additional targets is scheduled to begin next week

Pioneer Resources has reported on results from the June drilling program at its Pioneer Dome Project in Western Australia.

Located 130 kilometres south of Kalgoorlie and 200 kilometres north from the port of Esperance, the Pioneer Dome Project is highly prospective for lithium, caesium and tantalum.

The June drilling program was designed to further test lithium and caesium extensions both north and south of the recently completed Sinclair Caesium Mine stage 1 pit.

The drilling was undertaken during late May and June 2019 with 24 RC drill holes, for 2160 metres and six diamond drill holes, for 400.3 metres, completed.

Drilling not only intersected some of the thickest and highest-grade lenses of lithium mineralisation to date, but also uncovered potash feldspar and quartz which are continuations of zones encountered at the stage 1 Sinclair Caesium Mine.

Some highlights include 8 metres @ 3.10 per cent lithium oxide from 42 metres, 10 metres @ 2.13 per cent lithium oxide from 40 metres and 21 metres @ 1.96 per cent lithium oxide from 38 metres.

Drilling for spodumene (gemstone) at two targets is scheduled to begin next week.

This program will initially consist of 5000 metres of orientation RC drilling, with further drilling scheduled as the mineralisation becomes better understood.

As a result of productive discussion in July with pollucite offtaker Sinomine Specialty Fluids, sale and shipping terms have been varied to accelerate the shipping of pollucite stocks.

A shipment of approximately 2000 tonnes of pollucite has been put into containers with shipping scheduled for August 27.

Pioneer received a pre-shipment payment of $1.029 million of August 12 with a second pre-shipment of $956,000 due before the containers are loaded onto the ship.

Discussions are also continuing with potential offtake parties who are interested in minerals other than pollucite. These minerals were stockpiled during evacuation of the Sinclair Caesium Mine stage 1 open pit.

Feedback has indicated that each of the stockpiled materials in the current forms will require mineral processing to increase saleability and margins.

Results of this program will contribute to the study of the viability of a future pit expansion.

PIO by the numbers
More From The Market Herald
Champion Iron (ASX:CIA) - CEO, David Cataford

" Champion Iron (ASX:CIA) achieves record net income in June quarter

Champion Iron (ASX:CIA) has achieved a record net income of C$75.6 million (roughly A$78.9 million) during…
Champion Iron (ASX:CIA) - CEO, David Cataford

" Champion Iron (ASX:CIA) to return to full production at Bloom Lake

As of April 15, mining services have been deemed a "priority service", so Champion can ramp…
Champion Iron (ASX:CIA) - CEO, David Cataford

" Champion Iron (ASX:CIA) winds down mining at Bloom Lake

Mining company Champion Iron (CIA) will decrease operations at its Bloom Lake mine in Canada, per a government directive.

" A recommissioned mine pushes Champion Iron over a significant milestone

Canadian based mining explorer Champion Iron reached its ten-millionth shipped tonne of iron ore today, thanks…