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Originally posted by w27
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Originally posted by manfromgwelo
Lockitt
Historically Chinese companies have been unable to meet my requests for the 300 cubic metre (660 metric tonne) volumes of 80% cesium formate brine typically required for use in deep oil/gas well drilling and completion operations (which require heavy clear fluids). If PIO can find a TANCO-sized pollucite deposit then I would imagine that the Chinese owner of JDP and CSF will be banging their door down to tie it up because, as PIO often note, cesium ore supplies are "constrained" and oilfield operations are thirsty for cesium formate brine. Drilling with cesium formate brine brings many (many) advantages but there are always brine losses that need to be replaced. So..... come on PIO... get that next round of pollucite exploration underway and become the world's # 1 source of cesium ore in 2019 and beyond.
John,
Last year PIO drilled Peg 8 South. For obscure reasons, they did not report the results on this drilling except to say that the geology was "similar to Peg 8" and there were indications of a "Tanco- style deposit" whatever that means. With seven or eight sites ranked equal to Peg 8 which are undrilled and the encouraging report from Peg 8 South, I think the chances of discovering a lot more caesium are high. We also know from the drilling at Sinclair that there in more caesium below the level of the bottom of the existing excavation. It was not drilled to determine just how much. I have no doubt that this will now be drilled from the bottom of the open cut as this will be much cheaper than drilling from the surface. It is also highly likely that the potassium feldspar in the Sinclair mine will be drilled out to prove a resource. They already have sufficient information on this deposit to convince the Mines Dept. to grant a mining licence over the ground. This is not lightly granted, So there is not much doubt that the feldspar is there and they have already released an exploration target of 700 to 900 thousand tonnes of potassium feldspar. There is a couple of million dollars in the March budget for work at Sinclair and I don't see what else it can be for. What they discover with close drilling of another 500 metres south of the existing open cut is anyone's guess, but another pod of pollucite is not out of the question. The contract with Cabot includes a clause giving them rights over any more pollucite discovered in the Sinclair mine over the next two years, so Cabot must believe that there is some chance.
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“We also know from the drilling at Sinclair that there in more caesium below the level of the bottom of the existing excavation”
