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Equitorial Exploration Reports Assay Results up to 3.57% Li2O at Cat Lake
V.EXX | 2 hours ago
(TheNewswire)
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Vancouver, BC, Canada / TheNewswire / August 23rd, 2018 – Equitorial Exploration Corp. (TSX-V: EXX, Frankfurt: EE1, OTCQB: EQTXF) (“Equitorial” or “Company”) is pleased to announce assay results from drill hole CT-18-06 of the Cat Tail Pegmatite from its Phase One drill program carried out in late spring 2018 at its 100%-owned Cat Lake Lithium Property in southeast Manitoba.
The company has applied for a drill permit to carry out Phase Two, a 5,000 meter, drill hole program to further explore the lithium and tantalum potential at depth and along strike and intends to commence drilling in September 2018.
Drill Hole CT-18-06
Drill hole CT-18-06 was collared at the same location as the discovery drill hole, CT-18-02. The discovery drill hole, was positioned to intersect a proposed southerly projection of the Irgon Pegmatite system, a pegmatite that is presently being explored by QMC Quantum Minerals to the west of the company's claims. The discovery drill hole CT-18-02 encountered 36.19 meters of a spodumene-bearing pegmatite (true width not determined at this time) at a depth of 126.41 meters downhole or 90 meters below the surface. Spodumene is one of the major lithium bearing minerals explored for in pegmatites. The hole was collared approximately 222 meters southeast of the last surface exposure of the Irgon Pegmatite. The Cat Tail Pegmatite has no known surface expression.
CT-18-06 was collared to intersect the lithium-bearing Cat Tail Pegmatite beneath the discovery hole. It encountered the pegmatite at a depth of 137.47 meters downhole or approximately 120 meters below the surface. The pegmatite encountered in the drill hole was 33.21 meters in core length (true width not determined at this time). Numerous sections of spodumene enrichment in the pegmatite were encountered in the drill core with individual assays up to 3.57% Li2O. The overall mineralized section of the pegmatite (see Table 1) graded 1.67 Li2O over a drill core length of 30.53 meters (true width not determined at this time) with three zones grading 3.21%, 1.81% and 1.99% (see Table1). The assay results of drill hole CT-18-06 extended the lithium mineralization in the Cat Tail Pegmatite to depth. The pegmatite remains open at depth and along strike.
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