Drill hole ANRD0017 (134.6m @ 1.42% Li2O) with a down hole pierce point of ~200m down dip of ANDD215 (110.7m @ 1.05% Li2O) is truly spectacular.
Up there with the very best of the Tier 1 Top Five hard rock spodumene bearing lithium deposits and demonstrates that the central zone of pegmatite AP0011 is increasing in width and grade at depth. Spod oresome it is !!!.
Based on the above and other reported drill holes data to date that not so early bird Back of Envelope resource calculations can be undertaken for AP0011 & AP0012 by extrapolation for a conservative 1,400m and 1,000m strike length only:
AP0011
NE Zone 400m x 37m x 400m x 2.7 = ~16Mt @ 1.08% Li2O (DH ave to date)
Central Zone 600m x 85m x 500m x 2.7 = ~68Mt @ 1.23% Li2O (DH ave to date)
SE Zone 400m x 35m x 400m x 2.7 = ~15Mt @ 1.08% Li2O (projected)
Total 99Mt @ 1.18% Li2O
AP0012 1000m x 20m x 250m x 2.7 = ~13.5Mt @ 1.11% Li2O (DH ave to date)
Total 112.5Mt @ 1.17% Li2O
Totaling+112.5Mt @ 1.17% Li2O conservatively in strike and depth for these two spodumene bearing pegmatite zones alone. Bye …
……………………………………………………………………………………………….…… Sometimes the questions are complicated and the answers are simple.
~ Dr Seuss
“Make no mistake, the Andover Li Project will be a Tier 1 Top Five hard rock spodumene bearing lithium deposit with potential for a 300 to 400Mt resource with many more fertile pegmatite zones within the overall swarm to be drill tested sooner than later. Watch this space with dollars in eyes … strong Bye …”, ~ You Know Who
“60% of a potential Top Five Tier 1 Hardrock Lithium Deposit is better than 0% of F all”.
~ You Know Who
AZS Price at posting:
$2.60 Sentiment: Hold Disclosure: Held