CRR 0.00% 0.8¢ critical resources limited

Ann: Outstanding High Grade Zinc, Copper and Silver Assays, page-112

  1. 12,830 Posts.
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    Sometimes it just comes down to not so much about what you're being told by the Management and the BOD about proceedings ...but more about what you're obviously NOT being told about matters and what you then have to extrapolate and interpret yourselves.

    To put it another way - , its not so much about what you KNOWto be happening through your research , as it is about what you DON'T KNOW.....and CAN'T KNOW.

    Take for example this old ' Map ' ( Below ) of Mavis and Fairservice Projects and the accompanying following summary of historical results. And while these results are circu 2009 vintage , particular attention should be drawn to the elevated Rare Earth and Tantalum showings which clearly sit ' Outside ' of the known Lithium project definition of BOTH the Mavis and Fairservice main showings.

    And the important thing about this is that a lot has changed since 2009 in so far as the critical nature and demand of these other .....lets call them ' Byproducts ' , and particularly from a ' High Purity processing perspective.

    https://hotcopper.com.au/data/attachments/3979/3979040-4105ce72b7406caf3f885395c5e09ccf.jpg


    Key Point Summary:

    • Fairservice property consists of 6 Mining Leases
    • 10 East trending spodumene-beryl-tantalite type pegmatites identified from past work
    • Historical (non NI43-101 compliant) resource of 500,000 tons at 1.0% Li2O*

    Fairservice Mining Leases


    The Fairservice property consists of 6 Mining Leases totaling 88.4 hectares and is dominated by east trending spodumene-beryl-tantalite-type pegmatites considered to be part of the same dyke swarm as on the Company’s adjacent Mavis Lake claim block. Past exploration identified 10 pegmatites (Pegmatite #1-10) and delineated an historical (non NI 43-101 compliant) resource of 500,000 tons at 1.0% Li2O at Pegmatite #1*.


    Mavis Lake Project Summary


    Two field programs were undertaken in 2009 consisting of detailed mapping and sampling of the known pegmatite occurrences to assess the lithium (Li), tantalum (Ta) and other rare metals potential of the Mavis Lake property. Composite channel samples returned 1.24 Wt% Li2O over 5.3 metres and 1.4 Wt% Li2O over 4.7 metres from Pegmatite #18.

    In addition, a lithogeochemical survey over a 1200m by 900m grid extended the lithium dispersion anomaly (>50 ppm Li) by 1.1kms to 4.5kms in total length. Of special note, 38% (78 of 204 grab samples) graded better than 150 ppm Ta2O5** (tantalum oxide) demonstrating widespread highly anomalous Tantalum mineralization (Company News Release dated December 9, 2009).

    The highest tantalum values came from Pegmatites 13, 14 and 16 which occur within an area of 500 by 800 metresthat represents the known southeastern exploration limit for rare metal mineralization on the property. This prospective area of elevated tantalum values is underexplored and open to the east and southeast and will be the major subject of field investigation in 2010. Grab samples from this area returned peak Ta2O5 values of 1349 ppm (0.135%) and 1246 ppm (0.125%) from the No.16 and No.14 pegmatites, respectively**.



    So I reckon there is far more going on with the MAVIS Lake block that meets the eye at the present moment but due to Australian JORC standards CANNOT really be spoken about too much in CRR's ' Official ' announcements...... wink.png

 
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