VANCOUVER, Nov. 17, 2017 /CNW/ - Leading Edge Materials Corp. ("Leading Edge Materials") or (the "Company") (TSXV: LEM) (OTCQB: LEMIF) is pleased to announce results from the first five holes drilled as part of the second program of drilling completed at the Company's 100% owned Bergby lithium project in Sweden. Results from infill and step out holes have included the thickest mineralized interval intersected to date of 19.5m @ 1.12% Li2O (lithium oxide) in hole BBY17020.
Key Results:
- BBY17019 intersected 12.6m @ 0.83% Li2O, from 21.1m depth
- BBY17020 intersected 19.5m @ 1.12% Li2O, 184ppm Ta2O5 (tantalum oxide), from 13.6m depth
- BBY17021 intersected 1.0m @ 0.96% Li2O, from 15.4m depth
- BBY17023 intersected 8.2m @ 0.14% Li2O from 57.1m depth
- BBY17024 intersected 8.1m @ 0.23% Li2O, from 56.1m depth
Holes were drilled in the southern area of the prospect to infill and test down dip from previous drilling. Of particular note, hole BBY17020, the second most mineralized hole drilled at Bergby to date, was both thicker and higher grade than holes on adjacent 50m sections (which graded 6.40m @ 0.64% Li2O and 16.35m @ 1.00% Li2O). Furthermore, lithium mineralization in hole BBY17021 was discovered in an intermediate volcanic unit, rather than the pegmatite which had been the subject of all previous exploration and assaying.
The drill program is now complete, with 15 holes drilled for a total of 991.0m. Bergby has now been tested by a total of 33 drill holes to a maximum depth of 131.1m over an approximate 1500m strike length. Drill hole locations and results are provided in Tables 1 and 2 and presented as Figure 1. The true thickness of mineralized intervals is interpreted to be approximately 90% of the sampled thickness.
Blair Way, President and CEO, stated "Our exploration at Bergby has continued to deliver very promising results, and a high grade and thickness interval like 19.5m 1.12% Li2O at very shallow depth provides us with a lot of optimism. While Bergby remains an early stage discovery, we are now preparing for metallurgical testwork to move the project to the next stage. We look forward to sharing the next round of drill results from this second phase program as they become available."
Bergby lies in central Sweden, 25km north of the town of Gävle, secured by three exploration licenses that cover a total of 1,903 Ha. The site is close to infrastructure, with major roads, rail and power supply passing immediately adjacent to the claim boundaries. The potential for low cost and rapid development is significantly enhanced by the presence of a deep-water port only 5km from the site.
The qualified person for the Company's exploration projects, Mark Saxon, Director of Leading Edge Materials, a Fellow of the Australasian Institute of Mining and Metallurgy has reviewed and verified the contents of this release.
About Leading Edge Materials:
Leading Edge Materials is a Canadian public company with principal assets in Scandinavia, a region well recognized for its promotion and investment in innovation. LEM's flagship asset is the Woxna Graphite production facility located in central Sweden targeting the supply of specialty materials for lithium ion battery production. LEM's core investments are matched to high growth markets, linked to the global shift to low-carbon energy generation and energy storage.
