The Lei Prospect is located 2km south of Core’s BP 33 Deposit which has a JORC compliant resource of 3.24Mt @ 1.51 % Li2O
Lithium Plus has several drill ready targets including the 2017 discovery hole at Lei that intersected high grade spodumene-bearing pegmatite, same as what occurs in Core’s ground:
KBRC024, 12m @ 1.43% Li2O from 121m.
In 2017, significant lithium mineralisation was discovered at Lei Prospect (KBRC024)
12m @ 1.43% Li2O from 121m, including 9m @ 1.69%
1m @ 1.80% Li2O from 142m, and
5m @ 1.07% Li2O from 152m
Drilling confirms high lithium grades in fresh pegmatite. KBRC023& KBRC027 Li intercepts at 400 ppm show Li depletion in shallow weathered zones.
ALL other 2017 drill holes were too shallow to test lithium mineralisation in fresh pegmatite.
DGPR at the Lei Prospect (see image) indicates multiple pegmatite dykes remain to be drill tested.
Soil geochemistry is a very effective technique to identify lithium bearing pegmatite targets in the field especially at Lei and Lianna where outcrop is very limited and weathering is extensive.
Lithium is easily depleted by weathering so values above 100 ppm are considered highly anomalous. Lei and Liana prospects have a strong but small lithium anomalies that require follow up soil sampling programs.
Only 10% of the tenement area has been sampled. Plenty of opportunity remains to find more significant lithium bearing pegmatite discoveries in the area.