Call me crazy but took a position in SOC today on the back of their Lithium drilling :
*Diamond drill cores are being processed and planned to be dispatched regularly for assay on a 3-4 weeks turnaround, ensuring steady news flow
*Additional field crews have commence work along strike from Ardiden’s (ASX:ADV) adjoining claims, North Aubry and Pye pegmatite swarms, located close to SOC’s property line ADV recently announced (ASX Released 21 September 2016) a 5km pegmatite exposure strike that extends towards SOC’s boundary
* The strike trend indicates there is a high probability of similar significant Spodumene mineralisation extending north-east into Sovereign’s claims.
Plus from previous ANN 15/09/16-
*Over 1,200 metre targeted drilling plan finalised to test for extensions of high-grade reef structures in coming weeks
*Drill program intended to derive an Inferred Resource with a focus of moving towards early cashflow via near-surface / high-grade operations
* Previous high-grade intervals intersected by diamond drilling include in GHD009, Castor Reef, 2m @ 28.4 g/t Au from 506m and 2m @ 50.8 g/t Au from 514m (ASX Release 28th October 2013).
With Cash @ $2.45 M and Directors holding heaps of shares, we may see a pump at some stage IMO DYOR
