With drilling still underway and board visiting the area over the last week I think we will get at least an announcement this week maybe even tomorrow to start the week off would be nice.
"The current drilling program will underpin the Company’s due diligence review of the Seymour Lake Project. Ardiden executives will be attending the drill site later this week to review the drilling operations and to compete a further technical review of the project.
It has been a positive start to the drilling program and the Company looks forward to providing further updates as they come to hand."
But I think our big ticket is Root lake
The McCombe pegmatite has over 10,000m of historical diamond drilling which has confirmed the potential for high-quality spodumene mineralisation. Key features of the McCombe pegmatite include:
o The McCombe Pegmatite, comprising two main outcropping spodumene-bearing dykes, has been traced on surface for a strike length of 550m with widths up to 19m;
o Capital Lithium Mines Ltd. reported a historical McCombe deposit of 2.3Mt of Li2O grading 1.3% (not JORC or NI 43-101 compliant). This deposit was established over less than 5% of the Root Lake Project area
o Tantalum grades of up to 380ppm also reported.
The Root Lake pegmatite lies 2km to the east and along strike from the McCombe pegmatite. Key features of the Root Lake pegmatite include:
o Historical diamond drilling indicated spodumene (lithium)-bearing pegmatites with widths of up to 17m;
o Trenching by Consolidated Morrison Exploration outlined an outcropping pegmatite dyke over several hundred metres long and up to 9.14m wide, from which channel sampling returned grades of up to 3% Li2O over 9.14m;
o Subsequent diamond drilling traced the dyke for ~1200m (to the west, towards and along strike with the McCombe dyke) and the pegmatite remains open at depth and along strike;
o Due diligence on historical trenches in 2009 verified the existence of significant lithium mineralization including a trench with 4.43% C recorded over 5m;
o Grab samples graded up to 5.10% Li2O with 208ppm Ta.
Drill approvals for the Seymour Lake Lithium Project are currently expected in the next 1-2 weeks with drilling expected to commence shortly thereafter.
We know this happened as they planned another tick.
Due diligence and drill planning for Root Lake to commence immediately.
Cant wait for more info on this one.
up to 4.43% Li2O from trenching over 5m and grab samples up to 5.10% Li2O
The Root Lake Lithium Project includes the McCombe spodumene-bearing pegmatite and the Root Lake spodumene-bearing pegmatite, which are over 2km apart along strike and have potential to be connected, subject to further drilling and due diligence.
Have no idea why this is still under 3c
Bring on a big year
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