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clock Created with Sketch. 29/12/17
20:22
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Originally posted by kellbys
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This announcement is as about as positive as you can get.positive drilling results from one completed borehole on the Company's Rincon Project. Borehole PNN-VI-DW-01 intersected two aquifers , one in the near-surface of fractured halite, and a lower black sand-hosted aquifer." 1m to 24.8m drilling intersected caliche (calcrete), sand, silt, clay and porous halite(rock salt)from 69.5 to the base of the borehole at 80m were fractured basement rocks(basalt) from which brine was also sampled." Analytical results for lithium grade are in preparation and certification and will be released as soon as available ."Just remember this first hole was a shallow test hole to only 80m. 2nd Hole has gone deeper to 130m and also looks positive. " A second borehole located some 4km to the north has now been completed to a depth of 130m and samples sent to a certified laboratory in Buenos Aires, Argentina."
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Yeah I suspect PNN has prelim assays for the first hole and they look good. It'd be risky to put out an announcement with such a positive tone just before receiving assays unless there was affirmation/confidence they'll be reporting good results.
