Reading through the announcement a couple of times I get the feeling that the position of CSMAT Line 4 was purposely chosen for the initial survey as it showed a difference in geology compared to the rest of the tenement, mainly due to the Fumaroles (https://en.wikipedia.org/wiki/Fumarole) that were present and only observed to exist in this area (according to the announcement)
It makes sense to drill the first hole where there is a high chance of hitting brine ( Near Galaxy tenements), drill the second in a location that is geologically different to the first then use the data to obtain relevant information for subsequent Drill holes,
CSMAT4 could be a geothermal barrier between two independent sources of rich lithium brine concentrates
Drill hole 3 is going to be between the two previous as per the announcement, but I am picking that Drill hole 4 will be close to CSMAT5
Of course this is only a perspective- perhaps wildly inaccurate but worth a thought none the less
Best wishes to you all
Scibble
- Forums
- ASX - By Stock
- Ann: Drilling Update
Reading through the announcement a couple of times I get the...
-
- There are more pages in this discussion • 205 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GLN (ASX) to my watchlist
|
|||||
Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $78.20M |
Open | High | Low | Value | Volume |
16.5¢ | 17.0¢ | 16.0¢ | $266.9K | 1.616M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 250164 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 696964 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 250164 | 0.165 |
19 | 1618150 | 0.160 |
9 | 1854872 | 0.155 |
19 | 1842771 | 0.150 |
2 | 360000 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 696964 | 9 |
0.175 | 228795 | 5 |
0.180 | 129699 | 4 |
0.185 | 130000 | 2 |
0.190 | 54181 | 4 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
Featured News
GLN (ASX) Chart |