Todays results
Earlier drills SL-40's to early 50's
LOH 50m
Av seam 13m
Pit size 250 by 300 for 1mlcu/m
Av grade 1.33%
Later drilling. Grade not received as yet. SL- 70's and up
LOH 100m
Av seam increased to 16-25m
Pit size 250 by 300 for 1.2-2.5mlcu/m
Early days yet as today's results only account for a 100 by 100m S/West zone.
My opinion is as follows;
* Wrong side of sheer zone (S/West) so expect next assays to be better.
* Above 1% av grade economically viable.
* Possible extra lower seam at 60m+ RL of up to 20m
* 50 holes returned 2.1% for a DSO of 2%
* Super high grade of tantilium, noblium and berylium, lithium spodumene which is exactly the highest quality white spodumene manufacturers are looking for.
* Estimated tonnages targeted 2.5mt with next assays at sheer zone N/East and West.
* SL 72-73 gives a possibility to expose lower seam which could double tonnages.
* Due to topography, SL-71 was drilled lower down hill (less overburden by 25m) and uncovered 3 lower seams totalling 18m hence decision to drill deeper at SL-72 and 73 for a av return of 14-15m lower seam at both so increase potential overall is encouraging.
* Due to quality of product, a simple crush, grind, float and skim operation for a low CAPEX.
* Second samples were sent a week apart so expect another drilling ANN before xmas.
* Early indication show high quality boutique deposits scattered throughout 5km strike.
* Side of hill access straight into upper deposit should see a low OPEX operation.
* Central Aubry indicating connection to South Aubry. Will be targeted in stage 2 drilling.
Graphite
*Aiming at 5-6mt @ 6% Av JORCed
* High quality large to jumbo flake again for a low CAPEX refining circuit of crush, grind, float and skim.
Looking forward to the next set of assay's.
Cheers
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