Very rough thoughts (I need an hour or two to add all the new data into my model to provide something more accurate):
- SW assays are patchy, but roughly confirm my previous estimate (I currently see roughly 5-6MT additional tonnage coming from SW extension). However there are still a lot of assays outstanding down there.
- Fogs East is a surprise (the company had not previously mentioned it had put an option (or acquired) this tenement). Important to note that the Slipstream tenement cuts right down the middle of Fogs and Fogs East so if Fogs East has anything significant, then we must obtain Slipstream's 830659/2018 tenement as well.
We know that peg systems run in parallel throughout Lithium Valley so it's a reasonable theory that Fogs East could host a parallel system to Fogs block (similar to Colina versus Colina West).
- Fogs Block itself is mediocre as a stand alone deposit. I will personally need to see a continuation of this system across to Fogs East before I place any expectations on any mining going on down there.
- Salinas South - still total radio silence from the company - why?
- Colina Deeps - no mention in this ANN - likely just because the assays haven't been received (we already have confirmation of high grade pegs at depth, so I don't have any concern about the outstanding Deeps assays.
Slipstream tenement in yellow cutting between the two Fogs tenements:
