That upper pegmatite on the left of the fault is not of interest (the first hole)
Its the pegmatites on the right of the fault (which is where all the holes other than the first 1 have been drilled) that are of interest
Thats where they hit the 'significant qty of spod' in that pegmatite (particularly the middle one where we can see wide areas of the dark red) - For those that dont know, the qty of spod is what will determine the grades. The dark red sections are the sections where there is significant spod / assumed to be high grade (how high? we dont know). The lighter red areas are areas with less spod / low grade (this is typical to my knowledge)
From what i've learnt from a different poster
@westy9:
For a 1% Li2O grade, the sample needs to be at least 12.5% spodumeneThey've drilled about 15 to 20 holes now to the right of that - so they should be getting a good idea of how its shaping up. And if mineralization continues throughout those drill holes / stacked pegs with decent grades (what we're betting on), they could be onto something here.
Also note that they dont need to report the entire width if they dont want to. For example, they could only report the dark red areas. For example: '30m @ 1.5%+'. However, if they want to, they could report that same hit as '50m @ 1%' instead (smear the grade across the entire width). Its likely they'll report in the best way possible. (the grades ive used in this example are just for arguments sake).
In the most recent presentations Tony has been making very bullish remarks and also indicating that the grades should be high - im assuming that he's relaying what SQM are telling him - thats my speculation.
To quote:
"One would expect to visually identify that much spodumene within the drill core that there's a realistic expectation that the lithium grades are going to be quite high."He's also been boasting recently how SQM invested for the potential of over 100mt and not 10-15mt. I speculate that with the information he is sitting on, its possibly reflecting in his bullish tone when speaking.
(Again though, its his job to sound bullish - so we really just dont know - there are still risks that the assays could disappoint).
AZS has previously hit 200m wide pegmatite in a different non-mineralized area (where they were drilling nickel - nothing to do with the lithium exploration) - so it kind of proves the potential of what
could be possible in the mineralized area.
Hole ANDD0198 at
VC-31,which drilled a 200m-wide interval of pegmatite
This image is just to show you where the
VC-31 area is - It's not located in the area where they're drilling for lithium / not near the high priority targets.
In any case, its going to be interesting to see how this pans out. Im both excited and nervous.
3 pegmatites these two holes drilled through. That would be a very good result.
