SIGMA LITHIUM RESOURCES CORPORATION L.
5th October 2015 ASX Release ASX Code: SMC(Strategic Minerals Corporation N. L. (Strategic) 100%)
Results of 2015 Drill Program at Big Vein South/Central
The Company is pleased to announce the results of the recently completed successful drill program on the Woolgar Project in 2015. Highlights include:
13 Reverse Circulation (RC) drillholes totalling 2,968 metres.
11 drillholes successfully infill and unite the two adjacent resources1at Big Vein South (BVS) and Big Vein Central (BVC) (hereafter BVS), in the Lower Camp.
A resource update will be calculated and announced in due course.
LR0266 52 metres at 1.8 g/t gold from 130 to 182 metresand 11 metres at 1.6 g/t gold from 188 to 199 metres
LR0267 84 metres at 1.9 g/t gold from 132 to 216 metres LR0268 58 metres at 1.3 g/t gold from 124 to 182 metres LR0269 45 metres at 1.7 g/t gold from 93 to 138 metres LR0270 34 metres at 1.5 g/t gold from 211 to 245 metresand 24 metres at 2.9 g/t gold from 256 to 280 metres
including 7 metres at 8.1 g/t gold from 259 metres
LR0273 22 metres at 1.8 g/t gold from 132 to 153 metresincluding 3 metres at 10.5 g/t gold from 150 metres and 10 metres at 2.6 g/t gold from 193 to 203 metres
LR0274 20 metres at 4.5 g/t gold from 156 to 176 metresincluding 5 metres at 9.6 g/t gold from 164 metres and 31 metres at 4.3 g/t gold from 204 to 235 metres
including 4 metres at 14.2 g/t gold from 220 metres and 3 metres at 10.7 g/t gold from 232 metres
LR0275 34 metres at 8.5 g/t gold from 107 to 141 metresincluding 7 metres 16.3 g/t gold from 108 metres and 6 metres at 22.4 g/t gold from 121 metres
LR0276 39 metres at 4.0 g/t gold from 191 to 230 metresincluding 8 metres at 10.6 g/t gold from 205 metres
LR0278 19 metres at 5.4 g/t gold from 120 to 139 metres1 For details of the 2015 resource, please refer to 'Resource Update for Big Vein South and Central' published on the 9th June 2015, available at www.stratmin.com.au
2 For a summary of significant intersections for all 13 drillholes, please refer to Appendix Three: Summary of RC drill intersections for
2015, as at 24th September 2015. All intersection widths are length weighted averages. All widths are Intersection or Apparent Widths.
Strategic Minerals Corporation N.L. ASX Code: SMC | | 58 Jersey Street, Jolimont Western Australia, 6014 | | www.stratmin.com.au wally@stratmin.com.au |
ACN: 008 901 380 | | P.O. Box 66 | (08) 9284 1255 | |
ABN: 35 008 901 380 | Floreat Forum. WA 6014 | (08) 9387 7331 |
Thirteen reverse circulation (RC) drillholes totalling 2,968 metres were drilling in the Big Vein South (BVS) area of the Lower Camp.
Eleven drillholes testing the 240 metre gap between the southern end of the existing resource at BVC and the northern end of the larger resource at BVS:
These followed up on holes LR0221, LR0264 and LR0265 in 2014, which had tested the potential for continuous mineralisation in this area, with reasonable success.
Previously, it had been considered that the BVS and BVC structures were two discrete, sub-parallel structures that partially overlapped such that this area had previously been interpreted as having little potential.
Modelling of this sparse data from 2014 implied that there was potential for continuous mineralisation with minor fault displacements.
The initial five holes in 2015 successfully proved this potential and were followed- up with six further holes aimed at modelling one continuous resource along the entire 1,450 metre structure.
The results are being processed, and will be incorporated into an updated resource estimate and published after the conclusion of the field season.
Two drillholes, LR0271 and LR0272, over the Sexton area were drilled to test the potential extension of mineralisation to the south of BVS.
These intercepted minor mineralisation only and further drilling was suspended until detailed analysis of the recent IP geophysics has been completed.
The metamorphic basement is overlain by younger sediments, but the structure can be is interpreted from the aero and ground magnetic surveys as continuing for at least 2 kilometres along strike.
Further testing of the potential for mineralisation along this trend will be planned in subsequent field programs.
The 2015 drill program has successfully delineated a significant volume of mineralisation between BVS and BVC, which will be modelled and resource estimates published in due course.
Wally Martin
MANAGING DIRECTORCOMPETENT PERSON STATEMENT
The information in the report to which this statement is attached that relates to Exploration Results is based on information compiled by Alistair Grahame, a Competent Person who is a Member of The Australian Institute of Geoscientists. Mr Grahame is a full-time employee of Strategic Mineral Corporation NL. Mr Grahame has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Grahame consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Appendix One: Plans and SectionsFigure 1: Aerial image of the Big Vein South sector showing the existing resource block model (red shading) and Drill Hole IDs and Lines drilled as part of the 2015 program.
Figure 2
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Appendix Two: Location MapsFigure 9: Simplified geological map of the Woolgar Project, highlighting the five main sectors (camps), the focus of the current drill program in the Big Vein South sector and the locations of the recent IP geophysical survey lines in green.
Figure 10: Location map of Woolgar, showing the regional provinces of northeast Queensland and significant gold deposits. As can be seen, the Woolgar Goldfield corresponds to an inlier (erosional window) of the highly prospective and historically productive Etheridge Province exposed within the overlying generally unprospective sedimentary cover sequences.
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