RGL 0.00% 0.5¢ riversgold limited

Ann: LITHIUM EXPLORATION ACTIVITY UPDATE, page-5

  1. 6,670 Posts.
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    At James Bay it looks like we have about a month of exploration before the snow season kicks in.

    https://hotcopper.com.au/data/attachments/5589/5589768-11d215a8c8136674db64bde1faf95734.jpg
    https://hotcopper.com.au/data/attachments/5589/5589769-fac5bce1f2d2a6d59dfa98b56b2be52a.jpg

    After all the talk by Julian about the importance of greenstones in the Tambourah opportunity, it was rather curious that we have pegged an area sitting on the granites at James Bay, and not the greenstones. James Bay Minerals had this to say:

    https://hotcopper.com.au/data/attachments/5589/5589773-e0e2c8ec7e60b049219c1519a01a6968.jpg
    https://hotcopper.com.au/data/attachments/5589/5589775-5757fe6c6be5b64842c3441b887f3ac5.jpg

    Mind you, the Rose Lithium - Tantalum project appears to be sitting on the granites, and it looks ok.

    https://hotcopper.com.au/data/attachments/5589/5589776-87921fd74edd39c7e6cef3c765cce7c8.jpg

    I guess we won't know until we drill a few holes. At least now we're spending the money on lithium projects.

    https://hotcopper.com.au/data/attachments/5589/5589780-205388678376c31ce61a1c5f70e4cc0f.jpg

    Memo to management: if you want to drill hundreds of meters into the ground looking for low grade gold, go ask the market for some money specifically for that task. From the outside looking in you've pinched some of the money for the lithium and spent it elsewhere. It reeks of management not being on the same page with David off in one direction, and Julian off in another direction. Apologies if that is not the case, but that is what I'm feeling sitting on the sidelines, waiting for a long, long time for any sort of update. The Samso interviews were brilliant, and then deathly silence for many months. Focus on the lithium and keep communicating ... the sp will recover.


 
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