Jindalee Resources (ASX: JRL) has reported multiple ‘significant’ intercepts of lithium mineralisation over ‘broad’ widths from 2021 infill and extensional drilling at its McDermitt Lithium Project in the United States.
Standout results from the first three drill holes include:
- Hole MDRC018:
- 13.7m @ 1168 ppm Li from 3.1m
- 10.7m @ 2354 ppm Li from 21.4m (hole ends in mineralisation)
- Hole MDRC019:
- 13.7m @ 1041 ppm Li from 9.2m
- 13.7m @ 1084 ppm Li from 44.2m
- 24.4m @ 2173 ppm Li from 71.7m; including
- 3.1m @ 3425 ppm Li
- 38.1m @ 1407 ppm Li from 105.2m; including
- 3.1m @ 2765 ppm Li
- Hole MDRC020:
- 13.7m @ 2142 ppm Li from 22.9m; including
- 7.6m @ 2660 ppm Li
- 12.2m @ 1133 ppm Li from 45.8m
- 13.7m @ 2142 ppm Li from 22.9m; including
The company notes that these new results confirm continuity to the north of the existing indicated mineral resource, with MDRC019 situated outside of the current inferred resource boundary.
Jindalee’s 2021 drill program was tasked with increasing confidence in its inferred mineral resource immediately adjacent to the indicated resource. A total of 39 holes were planned, of which 11 were completed before pausing for the Christmas break.
The 12th hole (MDRC018), which was abandoned due to poor drilling conditions, finished in a zone of ‘significant’ lithium mineralisation of 10.7m @ 2,354ppm Li and is expected to be re-drilled.
Schematic section displaying significant recent intercepts at the McDermitt ProjectThe remainder of assays are expected to be received by the end of January, with diamond hole results to follow later in the quarter. This is set to be followed by a resource estimate update.
Moving forward Jindalee reports that plans for its next phase of drilling is well-advanced with all drill permits secured. The RC drilling will be aimed at investigating untested mineral potential across the western tenure, and is expected to commence in July 2022.
Images: Jindalee Resources Limited
