A lot to be interested in here! Thought I would repost for newbies to this one.
Previous work:
1970 - Drilling 500m total and to only 30m depths) and soil leaching surveys
2002 - Drilling 1865.7 metres; and
2009 - Drilling 2,362 metres. All shallow drilling <160m with many <50m deep. Li open in multiple directions.
Also, what is very interesting and exciting is a previous historic report dug up which infers the rather huge exploration potential of the Seymour tenement. Some of the historic report excerpts summarized below:
Although the 2009 drilling did not clarify the exact relationship between the Enzyme Leach soil anomaly profiles and patterns to the distribution of pegmatite lenses, the samples do show a very large area of anomalous lithium responses, both close to and at kilometric distances from the known showings, This strongly indicates that there must be additional undiscovered pegmatite sources within the grid area. Several recce lines completed well to the south of the current grid also returned anomalous lithium, and need to be followed up. Till sampling in this area by the OGS also detected strongly anomalous lithium, further supporting the Enzyme Leach soil anomalies. By combining the 2002 and 2009 sample sets, lithogeochemical sampling of the supracrustal rocks (i.e. mafic volcanic, not pegmatites), both “fresh” and sheared or altered, also indicate at least five significant untested areas of very strong lithium enrichment (complimented by anomalous rubidium and cesium) that should be followed up with additional drilling. The first area is located immediately north of the North Aubry showing, where a very strong and open anomaly extends north for at least 600 m from the North Aubry showing, leading credence to the proposed scenario that the pegmatite sills plunge under SL-02-01 and may extend for a considerable distance to the northeast. The second area is located immediately SE of the South Aubry showing, where an approximately 200 m long anomaly suggests there are significant extension of the sills in this direction. Furthermore, a third anomaly, approximately 800 m long is located to the west of the South Aubry, suggesting excellent potential for the subsurface extension of the Lower horizon and even the Main horizon if the geometry flexes over to a westward dip. A fourth area is located well to the south of any known pegmatite occurrences, surrounding the base of large 0.8 km x 1.2 km hill, informally termed “Lookout Hill” as it is the highest point on the overall “Forsyth Ridge”, strongly suggesting the hill conceals one or more sills of undiscovered pegmatite. The fifth and last area is located to the west of the Pye showing, and in the area where SL-09-39 intersected a significant thickness of pegmatite, likely the down-dip extension of the Pye showing. This large lithochem anomaly (approximately 600 m x 800 m) suggests that this new lens has significant strike and dip extent, and should be followed up with additional drilling to test for unaltered parts of the sill.
The drilling at the North Aubry Zone successfully intersected pegmatite mineralization in all 12 drill holes, with significant lithium and beryllium mineralization in 10 of these holes. The drilling also intersected a thick pegmatite sill down-dip of the Pye occurrence, indicating potential for mineralization over a kilometric area, supported by several untested lithium in soil anomalies and several areas of anomalous lithium in the host volcanics. The results indicate that the Main Horizon appears to plunge or dip beneath hole SL-02-01, towards an area where an open, lithium-rubium-cesium litho geochemistry anomaly, approximately 600 meters long, indicates the potential for mineralized pegmatite at shallow depth. The results of 2009 drill program also support a geologic model comprised of at least four stacked mineralized pegmatite sills (open at depth below the currently deepest known horizon, Lower-2), which provide the potential to significantly increase tonnage relative to the previously known Main Sill or Main Horizon.
ADV Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held
(20min delay)