🕐18.01.10 - 06:55 Uhr

Reed Resources Ltd [RDR] - Resource Definition Drilling programme confirms lithi
um potential at Mt Marion



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Reed Resources Ltd [RDR] - Resource Definition Drilling programme confirms lithium potential at Mt Marion

The chances of supplying lithium from the Mt Marion deposit in Western Australia continue to improve after results from the first phase of resource definition drilling have confirmed multiple, stacked, high-grade pegmatites.

Average intercepts of high‐grade mineralisation is 9.2m at 1.52% Li2O and 1.4% Fe2O3, using 0.6% Li2O lower cut‐off grade.

Three additional pegmatite prospects have been delineated.

Phase 2 resource extension drilling is underway (45 holes) and is expected to be completed by the end of January 2010 and an updated resource estimate is planned for completion by April 2010.

More information can be found at www.reedresources.com/lithium.php




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