Ann: Exploration commenced at Horse Rocks Lithium Project, page-72

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johnnycrash

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22/11/22

00:30

Post #: 64905758
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Originally posted by watchthisrise: ↑

Yes, I agree.

29th Sep ANN: Sampling program expected to take two weeks

28th Oct Quarterly ANN: Completed in Oct.

A comprehensive surface geo-chemical sampling program covering the entire tenure was completed in October 2022.
This program is the first exploration for lithium within the project area and the multi-element analysis will
aid with drill targeting. Analytical results are expected in November 2022.
Field mapping has confirmed the historically mapped pegmatites, with further pegmatites identified
within the greenstone units.Interestingly, no mention of the rock-chip sampling program in the quarterly though.
Possibly they hadn't finished the rock-chip sampling by the time of the quarterly? Maybe due to scree, soil & vegetation covered pegmatite?

Further pegmatites identified. This looks very positive to me as they found something no-one else had!

Not sure about current lab turnaround times , but i'm thinking 6 weeks minimum?

If sampling program commenced 29/09/22, then at earliest the program was completed 13/10/22.
Add 6 weeks (Minimum) for lab turnaround & that reaches 24/11/22 (THIS COMING THURSDAY) at earliest & also most likely day for News IMO).In the Qtly they only state- completed in Oct.
A comprehensive surface geochemical sampling program covering the entire tenure was completed in October 2022Hypothetically speaking, it may have been completed anywhere from 13th (If commenced on 29th) or as late as 31/10/22
If so, then add 6 weeks & that comes to 05/12/22 (3 Weeks from today, not far).

If delays were experienced in the rock-chip sampling program & also the lab turnaround then 5 weeks from today.

We know that the geochemical & mapping were definitely completed by 31st Oct at the latest.

IMO, the geochemical results & drill targeting will be announced anywhere from this Thursday 24th till the 5th of Dec.

From my understanding, this isn't just a randomly picked tenement. They searched for 5-6 years? for what they think is the most prospective tenement for lithium. We know there's lithium there, we just don't know how much & at what grades.

Also, don't discard Nickel, copper or rare earths either!

GLTAH.

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