5 Metres or 1100 metres of pegmatites . High risk . Worth a punt at a 10m MC
Recently raised $1.5 million at 6 cents.
In today. Good luck to GMN
From the announcement
Geologists from Gold Mountain and Mars Mines Limited are presently in Brazil as part of the Company’s technical due diligence of four highly prospective lithium projects •
The presence of potential lithium bearing pegmatites has been observed in outcrop and sub-crop on both the Custodia and Juremal projects*, with initial updates on the Cerro Cora and Porta D’Agua project pending and the Jacurici Project yet to be visited o
Field observations confirmed the presence of numerous pegmatites of varying widths (0.5 to 5m, and one pegmatite swarm up to ~300m wide) which has been traced for 1100 metres in strike length, but further mapping is required to confirm full continuity and trace the further extent of the swarm o
Part of this particular swarm is thought to be present in one of the tenements in which several additional occurrences of visually identified spodumene are present
o None of the project areas have been previously explored for lithium minerals •
Initial rock chip sampling has commenced at Custodia and Juremal with additional work planned in the weeks ahead •
Rock chip samples collected during this program will be submitted to laboratories in Australia and Brazil for analysis with initial results expected within a month of submission •
A more detailed report on the due diligence field work will be announced once the geologists have returned
All IMO
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