Ann: More Positive Lithium Results at Mt Alexander, page-32

Say it with me now folks, d-u-s-t-e-r!

"Positive" results; "encouraging" results; the wording says it all.



WHOOOWEEEEEEE look at all that lepidolite! If they are willing to release a core photo of mica dominant pegmatite, but aren't willing to call it anything but a lithium-bearing pegmatite, what gives?


OH WAIT A MINUTE! But what's that over there?! Could it be a SINGLE spodumene grain that they think has allowed them to quote lithium-bearing minerals??? Amongst a sea of lepidolite. Desperation.


Very sad results. Uneconomic, 100:1+ strip ratio, too thin etc.

	Hole ID	Depth	Azi	Dip	Pegmatite intercept*	Pegmatite Interval
1	MARC153	65	170	-60	14-27m	13
2	MARC154	80	350	-60	Scissor hole	0
3	MARC155	125	170	-60	52-57m	5
4	MARC156	149	170	-60	11-12m	1
5	MARC157	77	170	-60	21-26m	5
6	MARC158	100	170	-60	70-73m	3
7	MARC159	80	350	-60	2-7m	5
8	MARC160	149	170	-60	110-111m	1
9	MARC161	60	170	-60	22-30m	8
10	MARC162	60	170	-60	No intercept	0
11	MARC163	60	170	-60	20-21m, 22-23m	2
12	MARC164	79	170	-60	51-54m, 67-70m	6
13	MARC165	100	170	-60	16-17m	1
14	MARC166	80	170	-60	28-29m	1
15	MARC167	131	240	-60	Nickel hole; EM target	0
16	MARC168	149	170	-60	78-82m, 128-130m	6
17	MARC169	100	170	-60	31-37m	6
18	MARC170	250	170	-60	No intercept	0
19	MARC171	200	170	-60	101-103m	2
20	MARC172	140	237	-60	Nickel EM Target	0
21	MARC173	190	240	-65	Seismic Target	0
22	MARC174	156	210	-60	133-135m	2
23	MARC175	200	200	-60	111-112m	1
24	MARC176	90	170	-60	58-59m, 74-76m	3

And the intercepts are not getting any thicker with better drilling!

Hmmmm something isn't adding up here, they said the results were "positive"! There must be more "positive" news hidden down deeper into the announcement. Let's go looking at the rock chip data!

	SampleID	Easting	Northing	Li2O ppm	Li ppm	Cs_ppm	Rb ppm	Ta2O5 ppm	K ppm	K/Rb ratio
1	MARK172	235600	6801968	1096	509.1	31	1160	23.2	19000	16
2	MARK167	236349	6802027	314	145.8	9	1080	12.2	36000	33
3	MARK282	241414	6794466	211	98.0	-1	36.5	58.6	2000	55
4	MARK174	235667	6802273	194	90.1	5	648	13.4	19000	29
5	MARK173	235644	6802115	131	60.8	3	256	6.1	7000	27
6	MARK197	238138	6801124	114	52.9	10	1030	25.6	33000	32
7	MARK151	236311	6802548	95	44.1	12	951	28.1	47000	49
8	MARK151	236311	6802548	95	44.1	12	961	27.5	46000	48
9	MARK138	234391	6803537	82	38.1	6	833	6.7	46000	55
10	MARK226	237700	6799717	60	27.9	9	2280	25	51000	22
11	MARK139	234438	6803456	56	26.0	8	1240	3.1	66000	53
12	MARK171	235652	6801861	54	25.1	8	69	18.3	3000	43
13	MARK170	235753	6801642	52	24.2	2	142	8.5	6000	42
14	MARK140	234507	6803276	50	23.2	5	678	3.7	36000	53
15	MARK164	235434	6802528	37	17.2	13	2030	2.4	101000	50
16	MARK175	236703	6801893	34	15.8	11	1270	8.5	42000	33
17	MARK186	238410	6800632	34	15.8	19	2070	67.2	29000	14
18	MARK191	238525	6801231	34	15.8	2	366	56.8	16000	44
19	MARK187	238436	6800708	30	13.9	-1	467	22.6	15000	32
20	MARK143	234548	6803591	26	12.1	6	433	6.7	26000	60
21	MARK146	234755	6803493	26	12.1	10	1340	4.9	73000	54
22	MARK135	234377	6803847	19	8.8	9	1530	4.3	75000	49
23	MARK158	236876	6802106	19	8.8	3	531	11	23000	43
24	MARK160	235776	6803141	19	8.8	3	413	9.8	31000	75
25	MARK189	238838	6801085	19	8.8	4	564	17.1	24000	43
26	MARK224	237122	6799525	19	8.8	12	1410	58.6	32000	23
27	MARK152	236216	6802493	17	7.9	4	451	12.2	22000	49
28	MARK157	236882	6802065	17	7.9	4	767	6.7	32000	42
29	MARK159	235884	6803216	17	7.9	4	437	9.2	33000	76
30	MARK236	240908	6796434	17	7.9	-1	16	5.5	3000	188
31	MARK144	234743	6804021	15	7.0	2	270	4.3	21000	78
32	MARK153	236225	6802245	15	7.0	3	452	17.7	24000	53
33	MARK160	235776	6803141	15	7.0	3	418	9.2	31000	74
34	MARK176	236825	6801297	15	7.0	2	627	7.9	21000	33
35	MARK182	236966	6800647	15	7.0	3	451	10.4	14000	31
36	MARK184	238336	6800456	15	7.0	2	510	14.7	19000	37
37	MARK141	234660	6803872	13	6.0	4	599	7.3	37000	62
38	MARK149	234950	6802945	13	6.0	7	942	4.3	43000	46
39	MARK150	235437	6802831	13	6.0	-1	211	14	13000	62
40	MARK163	235445	6802652	13	6.0	11	1670	7.3	76000	46
41	MARK165	236654	6802320	13	6.0	-1	136	7.3	8000	59
42	MARK168	236006	6801901	13	6.0	9	940	15.3	47000	50
43	MARK180	236852	6800989	13	6.0	2	518	21.4	18000	35
44	MARK185	238370	6800494	13	6.0	-1	113	29.3	4000	35
45	MARK192	238361	6801376	13	6.0	3	659	11.6	30000	46
46	MARK194	238172	6801663	13	6.0	2	288	18.3	15000	52
47	MARK225	237288	6799337	13	6.0	2	182	37.9	7000	38
48	MARK142	234653	6803797	11	5.1	5	662	7.9	32000	48
49	MARK149	234950	6802945	11	5.1	8	961	4.3	44000	46
50	MARK169	235878	6801746	11	5.1	6	842	38.5	45000	53
51	MARK178	236469	6801411	11	5.1	2	458	17.1	21000	46
52	MARK179	235863	6801207	11	5.1	3	357	19.5	20000	56
53	MARK183	238174	6800380	11	5.1	1	404	9.8	15000	37
54	MARK193	238251	6801500	11	5.1	4	574	21.4	21000	37
55	MARK222	237125	6799857	11	5.1	-1	15	23.2	2000	133
56	MARK133	234340	6804054	9	4.2	16	1430	1.8	84000	59
57	MARK134	234369	6803923	9	4.2	5	516	10.4	33000	64
58	MARK147	234702	6803311	9	4.2	3	619	9.2	34000	55
59	MARK148	234722	6803128	9	4.2	-1	169	4.3	10000	59
60	MARK156	236735	6802305	9	4.2	2	298	17.7	18000	60
61	MARK162	235573	6802980	9	4.2	8	1140	4.3	63000	55
62	MARK163	235445	6802652	9	4.2	11	1680	7.3	79000	47
63	MARK177	236560	6801260	9	4.2	6	1500	9.8	61000	41
64	MARK188	239014	6800934	9	4.2	8	994	51.9	32000	32
65	MARK190	238665	6801136	9	4.2	4	1460	4.9	56000	38
66	MARK193	238251	6801500	9	4.2	4	575	22	20000	35
67	MARK196	238069	6801167	9	4.2	3	590	8.5	28000	47
68	MARK223	237118	6799712	9	4.2	2	569	6.7	36000	63
69	MARK145	234769	6803816	6	2.8	3	382	12.8	23000	60
70	MARK155	236657	6802444	6	2.8	5	1050	10.4	55000	52
71	MARK161	235713	6803059	6	2.8	5	645	4.9	49000	76
72	MARK303	239388	6801533	6	2.8	-1	189	3.7	18000	95
73	MARK154	236590	6802526	4	1.9	3	710	5.5	35000	49
74	MARK181	236884	6800820	4	1.9	4	832	20.1	28000	34
75	MARK301	239428	6801555	4	1.9	12	1180	1.2	82000	69
76	MARK302	239418	6801567	4	1.9	5	723	6.1	46000	64
77	MARK303	239388	6801533	4	1.9	-1	186	3.1	17000	91
78	MARK136	234419	6803810	2	0.9	8	1250	1.8	82000	66
79	MARK137	234423	6803735	2	0.9	14	1940	1.2	111000	57

As I suspected. We better convert the Li2O ppm to Li ppm to get a better understanding. Background granite Li ppm is approximately 20ppm Li as per the WA DMP.

• 65/79 samples are below 20ppm Li so these rock samples are actually depleted in lithium.
• How can "prospective" lithium rock chips, purposely selected by the SGQ team, be assaying under 100ppm Li???

And the pumpers have the gall to say these results are good because a Chinese Co is investing in SGQ to bypass FIRB rules. Blinders are well and truly on. The best part of all? You know the pumpers will attack me instead of the data.