https://www.miningweekly.com

Desert Lion announces maiden mineral resource estimate for Namibian project

12th October 2018

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

Font size: - +

TSX-V-listed Desert Lion Energy has completed a maiden mineral resource estimate for its Namibian lithium project, the company announced on Friday.

The maiden mineral resource estimate comprised the Rubicon, Rubicon Slimes, Helikon 1, Helikon 2, Helikon 3, Helikon 4 and Helikon 5 deposits, and was based on assay and geological/mineralogical data generated from three phases of channel, pitting, diamond and reverse circulation drilling completed by the company since 2017.

The estimate was based on 264 holes, totalling 21 400 m of drilling, and 49 pits totalling 104 m, and 65 channel samples.

The results are expected to enhance and support robust economics owing to the project’s proximity to high-quality existing infrastructure and the low-cost operating environment in Namibia.

Highlights of the estimate include three-million tonnes at a grade of 0.63% lithium oxide (Li2O) in the indicated category at a 0.20% Li2O cut-off, and 5.8-million tonnes at a grade of 0.53% Li2O in the inferred category at a 0.20% Li2O cut-off.

The Rubicon deposit remains open down dip, with potential to delineate additional deposits within the mining and exploration licences, the company said.

With the positive results of the estimate, Desert Lion Energy intends to publish a preliminary economic assessment for the project before the end of this month.

"We are very pleased with the maiden mineral resource estimate as the results show the potential for the company to establish a significant pegmatite-hosted lepidolite lithium project.

“The project's at or near-surface mineralisation, proximity to high-quality existing infrastructure and the low-cost operating environment in Namibia provide significant advantages as we continue to develop the project towards completion of the preliminary economic assessment,” commented Desert Lion CEO Tim Johnston.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION