High-Grade Lithium Assays from Channel Sampling

ZURICH, SWITZERLAND / ACCESSWIRE / September 7, 2016 / Today, Stephan Bogner from Rockstone Research published an update on Equitorial Exploration Corp. (TSX.V: EXX). Yesterday, the company disclosed assays from 81 channel samples from 4 lithium-cesium-tantalum pegmatite dyke swarms from its 100% owned Little Nahanni Pegmatite Group (LNPG) Property in Northwest Territories (NWT).

Best assays include 3.1% Li2O across 0.95 m, 2.33% Li2O across 1.2 m, 2.04% Li2O across 4 m and 1.63% Li2O across 5.15 m. The property hosts the rare pegmatite-type LCT (Lithium-Cesium-Tantalum), which the world’s largest active lithium mine, Greenbushes in Australia, is also hosting (at an average grade of 2.8% Li2O). LNPG’s best historic rock samples assayed between 1.74% and 3.77% Li2O.

Therefore, historic grades have been confirmed yesterday, however channel samples are a better indication of mineralization than grab or chip samples. In 2007, channel samples returned up to 1.59% Li2O across 10 m. Drilling in 2007 resulted in 2 lithium-enriched intervals including 1.2% Li2O over almost 11 m and 0.92% Li2O over 18 m.

Equitorial also announced the appointed of Buddy Doyle as new director, a geologist who has earned the distinction of having seen 2 substantial projects from discovery through the decision to mine, especially the Diavik Diamond Deposit. He brings a disciplined, scientific approach to mineral exploration honed in over 28 years’ experience, 23 of them spent in various positions at Rio Tinto PLC and its subsidiaries.

The full report can be accessed with the following links:

English (PDF):
http://rockstone-research.com/images/PDF/Equitorial2en.pdf

English (web version):
http://rockstone-research.com/index.php/en/research-reports/1615-High-grade-lithium-assays-from-channel-sampling

German (PDF):
http://rockstone-research.com/images/PDF/Equitorial2de.pdf

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Disclaimer:
Please read the full disclaimer within the full research report as a PDF as
fundamental risks and conflicts of interest exist.

SOURCE: Rockstone Research

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