ERW

7.25%

7.4¢ errawarra resources ltd

I noticed the areas you pointed out in your pics . I also...

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TBoner

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14/06/23

23:47

Post #: 68291319
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Originally posted by JandJ: ↑

All day I have been watching and buying - after first moves yesterday on this Micro Cap ($7mill) beauty snuggled up to a $340mill tearaway.

Here's why!
I figured there was a good chance the lithium fertile pegmatites on AZS tenement (check the intercepts and grades) might spill over onto ERW tenement to the south. So I had a look on Google Earth. Here is what I saw :

1. Here is a graphic from AZS recent ann showing the peg swarm which they have drilled.

2. From Google Earth the Pin is right in the center of the swarm - Co-ordinates 519,000e 7,698,600n Region 50.
The red ticks are my thoughts of what might be outcropping pegmatites. Go to GE and zoom in on them for a closer look

3. Now here is an overview of the area - the tenement boundary between AZS and ERW is approximate East west in mid picture - I will plot in the tenements sometime in the future if it seems necessary. But in recent anns from both companies you can easily find a landmark.
Mid picture - extreme left is a quarry marked 'WA Limestone' - that could be important if what looks like a pegmatite is actually limestone (or salt or quartz)
The two red lines are of length 6.3 Km and 13 Km respectively and mark positions of interest. But if you explore for yourself there are many rock outcrops which might be explored for Li. Or, dare I say Niobium.

4. Here are rock outcrops at the end of Line 13 Km

5. Detail on the far right of Image 4.

6. Detail mid left of Image 4.

7. Rock outcrops at end of Line 6.3 Km - red ticks show possible outcrope. This is in the dry bed of the Gascoyne River so there are areas of mud which obscure the picture.
Could these white patches be limestone? I doubt it or they would have eroded away. But only a guess.

A full exploration on Google Earth is very interesting. But anyway what I saw was enough to allocate $50k to ERW yesterday and today - and I wasn't too fussy about price.

Of course this is just my views to share - not advice - and please lets know what you think.

GL all.

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I noticed the areas you pointed out in your pics . I also believe these areas should be looked at , there is track accessibility to them . They are between 300m and 1km away from 23EWDD003 (sorry didn't take zoomed in shots)

I also believe they follow along the same strike line as AZS pegmatites , be it about 11.5km away from AP0011.

ERW Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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Last 7.4¢		Change 0.005(7.25%)		Mkt cap ! $7.098M

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I noticed the areas you pointed out in your pics . I also...

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I noticed the areas you pointed out in your pics . I also...

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Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

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