Ann: Exceptional Widths of High Grade Lithium at Bougouni-BGS.AX, page-206

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Haplo

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21/07/16

19:12

Post #: 18330880
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Originally posted by Ubique13 ↑

After analysing the new assays, it appears that the upper region has a weighted average grade of around 1.7%, with the lower region around 1.6%. Good to see high grade 2% pockets, I’m sure more of these will be discovered as the deposit is defined.

The width of the pegmatite increases significantly at the centre of the structure so I can’t wait to see the next batch of results that should be in the 50m+ range. Importantly, the width of the pegmatite increases at depth which should bode well for the DD results.

Disappointing widths at the northern end of the deposit, which could indicate that we are right at the top of the deposit, with kilometres of strike to go down south, but more likely is that the northern section of the deposit snakes to the west – note hole 26 which lies 50m to the west in line with hole 9 which has not been assayed yet – no other intervals received 3 RC holes. The fact that the company retains that the deposit is open to the north indicates that there was visual pegmatite intersection over significant width in hole 26.

Very happy with this result, I imagine that the next round of drilling will be even better again as we enter the central zone of the deposit.

I have revised and attached my “overall” cross section for the deposit by averaging the intercepts from the two batches of assay results. Obviously this is not very scientific but is the best we can do with the limited information we have on hand. I have inferred the DD intersection by interpolating the down dip trend.

If the DD proves up what I have inferred below, we are looking at +15Mt with a max depth of 143m (low strip ratio). All from the first campaign. Follow up drilling will be able to confirm the true depth which will increase the resource substantially. In addition to the Western Zone being cream on top – delicious high grade surface cream I should add.

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Disappointing widths at the northern end of the deposit, which could indicate that we are right at the top of the deposit, with kilometres of strike to go down south,

I'm more than happy that the strike continues south as I believe there is a township directly north of the deposit. This is information is what I would like the company to publish next.

Haplo

BGS Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
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Ann: Exceptional Widths of High Grade Lithium at Bougouni-BGS.AX, page-206

Top Stories

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Buxton projects new graphite province discovery at WA Narryer play

BCI reaches close of funding facility for salt-first part of Mardie project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

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