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WCP Resources samples high grade lithium in North Carolina, drill results pending

Sunday, February 26, 2017 18:55
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WCP Resources (ASX:WCP) has sampled grades of up to 3.44% lithium oxide from a rock chip sampling program at its Piedmont Lithium Project in North Carolina, U.S.

The project is located in the Carolina Tin-Spodumene Belt, a historic lithium producing district.

WCP’s rock chip samples ranged in grade from 1.10% to 3.44% lithium with the most impressive results including 3.44%, 2.56%, 2.37%, 1.91% and 1.80% lithium.

The results were from a newly secured property comprising 113 acres of surface and mineral rights which adjoins the east of the Piedmont project.

The additional 113 acres of land takes the company’s total optioned landholding at Piedmont to 528 acres.

WCP’s latest geologic mapping and rock chip sampling has uncovered further multi-pegmatite potential with high grades which are along strike from the current project area.

The company intends to include this area of the project within the planned phase 2 drilling program.

WCP’s current phase 1 drilling continues to progress well with initial assay results expected over the coming weeks and completion of the campaign anticipated in early March 2017.

The historical exploration data together with the phase 1 drilling campaign and rock chip samples are expected to support the company in defining a high grade source of lithium.

WCP’s shares have started 2017 strongly, rising by more than 78% to $0.125.

Story by ProactiveInvestors


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