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Mexico Lithium Project
Mexico Lithium Project.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 2241V Rare Earth Minerals PLC 11 December 2013 \n \n\n11 December 2013\n \nRARE EARTH MINERALS PLC\n(\"Rare Earth Minerals\", \"REM\" or \"the Company\")\n \nMexico Lithium Project - First Results Stage 2 Drilling confirms thickness and grades\nRare Earth Minerals PLC (AIM: REM) announces that it has received analytical results for the first 6 holes of the second phase of diamond drilling (Stage 2 Programme) onthe El Sauz and Fleur Lithium concessions (the \"Concessions\" or individually, a \"Concession\") in northern Mexico.\nDavid Lenigas, Rare Earth Minerals Chairman commented: \n\"The Company is very pleased to have confirmed continuity of the clay units between holes. The results demonstrate excellent consistency in thickness of the clay units and grade of lithium within the clays.\"\n\"Reiterating Bacanora's President views of the new drilling results so far; these step-out and infill holes demonstrate an increase in thickness of the upper clay unit as well as an increase in grade of Li within the clays when compared to previously reported results.\"\n \nUpdate:\nSignificant lithium-bearing intervals were intersected in all of the drill holes. The weighted average values for these intercepts are listed below (Table 1). \nThe first 6 holes of Stage 2 tested, by way of infill and step out holes between the first 5 holes of Stage 1, a strike length of 2,100 metres of the clay units south from the southern boundary of the La Ventana concession across the Fleur and onto the El Sauz concession. Within the area drilled, the average intercept length for the Upper Clay Unit was 35.841 metres (33.69 m estimated true thickness2) and 27.373 metres (25.73 m estimated true thickness) for the Lower Clay Unit. The average length of sample intervals in the Upper Clay is 1.47 metres and Li values range from 27 to 5,910 ppm Li, averaging 1,404 ppm Li for individual samples. For the Lower Clay Unit the average length of sample intervals is 1.49 metres and Li values in individual core samples range from 1,250 to 9,660 ppm Li, averaging 4,177 ppm Li. \nTable 1. Lithium intercept lengths in metres for Upper & Lower Clay Units\n\n\n\n\nFrom\n\n\nTo\n\n\nLength\n\n\nLithology\n\n\nLi ppm\n\n\nLCE* %\n\n\nLi2O %\n\n\n\n\nDrill Hole ES-11\n\n\n\n\n183.74\n\n\n218.69\n\n\n34.95\n\n\nUpper C...