LPD 25.0% 0.3¢ lepidico ltd

Ann: Inaugural Alvarroes Mineral Resource Estimate, page-116

  1. vmp
    13,199 Posts.
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    And LEMARE update expected this December "Results generated to date suggest that the Lemare property has the potential to host a significant spodumene resource. The next phase of work for the Lemare Spodumene Project will be developed following completion of a geological reinterpretation of the SW Extension in the December 2017 quarter. "

    I never looked at Lemare very closely but this deposit is very shallow compared to others. With relatively small number of holes drilled, LPd had already intersected in 2016 and 2017 very 'juicy' grades and thick pegmatites including
    33.7 m @ 0.94% Li2O, from 9.60 m, in hole LE-17-29
    18.0 m @ 2.00% Li2O, from 6.80 m, in hole LE-17-30
    These results build on the spodumene mineralisation identified by last year’s drilling at the Lemare discovery deposit, as reported on 24 November 2016, that included:
    28.5 m @ 2.15% Li2O, from 5.50 m, in hole LE-16-13
    24.0 m @ 1.87% Li2O, from 13.5 m, in hole LE-16-14
    21.0 m @ 1.75% Li2O, from 38.8 m, in hole LE-16-03


    Moriarty is another exciting deposit. Samples grade are as high as 3.14% and 3.55% lithium.
 
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