CY5 5.00% 6.3¢ cygnus metals limited

Ann: Rock chips expand known lithium mineralisation at Pontax, page-13

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    Three rigs on the ground will soon begin eating up the dozens of planned targets and outcropping pegmatites outside of Pontax Central. All drilling so far has focussed on Central and North Pontax.

    The exciting thing for holders is that the deepest drilling so far has been to 130m vertical depth.

    You will notice that the thickest intersections are the deepest: 12.0m @ 1.1% Li2O from 99.5m; 12.0m @ 1.4% Li2O from 83.0m; 15.6m @ 1.6% Li2O from 83.9m.

    Most of the assays from 2022 drilling are still to come and and we have spodumene in every hole and at high grade. High grade shallow intercepts are a good thing to have anyway IMO.
    Last edited by tubedisasters: 18/01/23
 
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