CXO 1.14% 8.7¢ core lithium ltd

Ann: New High-grade Assay Results - Grants Lithium Resource, page-35

  1. 3,586 Posts.
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    “Now, if they ever got the shovel out and dug a bit deeper at Ringwood, I just wonder...”

    I too wonder. This is VERY interesting.

    Looking at today’s announcement, this outstanding grade at Grants is being encountered at depth, 140m and deeper, seemingly the deeper we go the better the grade gets.

    Same with BP33: last BP33 assays showed outstanding grade and interval past 200m depth, including 23m at 2.07% Li20 from 262m, and the last metre (285th metre) encountering 2.41% Li20.

    What’s interesting, looking back at past announcements, it seems:

    * Ringwood was never drilled deeper than 175m
    * Zola was never drilled deeper than 135m
    * Targets at Far West were never drilled deeper than 135m

    They have mentioned in today’s announcement that they have targeted Far West again. I will be keeping a close eye on this! Assuming it’s possible, If they can drill to the depths like they’ve been drilling at Grants and BP33, and encounter some significant grade and intersections at depth, IMO this gives Zola and Ringwood a real pulse.

    Could be that they just didn’t drill deep enough the first time round!

    All IMO

    GLTAH
 
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