I believe these are significant find at this stage of...

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Elias1

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19/03/22

14:26

Post #: 60293033
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Originally posted by dawgfather: ↑

It's worth taking a look at one of the first ANN's RE: rock chip sampling in Brazil from October:

https://www.investi.com.au/api/announcements/lrs/cf27daef-ade.pdf

Apart from the existing area we are drilling, we also took chips from an area further South called 'Salinas South'. The lab results from this tenement further south (in some ways) is more exciting than the area we are currently drilling. The lithium content looks extremely consistent across an even bigger area (the ANN suggests 6km with the best results in the north eastern area).

Salinas South rock chip results

Perhaps the expanded drill program which the company has hinted at will include some drill holes in this area. If drills can also turn up decent thickness in this area similar to the existing drill holes (with the potential for it to extend over a 6km area), then a 10c share price will come and go very quickly IMO).

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I believe these are significant find at this stage of exploration.

This sets up Alarm Bells for me as Emerging Discovery Potential.

What this shows us is the potential for mineralised pegmatites coalescing to form FEEDER ZONE.

Generally, as an example - the feeder zone has larger significant thickening of the pegmatite.

This is what I am waiting for which will reveal if a big discovery is there or not. A positive assay results will confirm the strength of this discovery.

LRS Price at posting: 5.7¢ Sentiment: Buy Disclosure: Held
24 Upvote

5 Great analysis

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