CZN (ASX) Ann: Miriam Lithium Discovery update

Originally posted by Son of Gwalia: ↑

What a bizarre and peculiar announcement to release after-hours on Thursday.
Sample A hard to tell but could be similar to Sample B; Sample B looks unique if not part of A; Samples C & D are similar in level of alteration; E & F look to be the same sample with F being under long-wave UV; Samples G & H also appear to be the same sample with H under UV light.
It doesn't take a genius to work out samples B C & D are strongly altered spodumene. Anyone who has seen the mountain of spodumene photos reported onto the ASX should be able to pick some of these don't look like what is typically represented. These are a curveball for assay results, could come back with 0.001% Li2O or could come back with 0.5%+ Li2O.
Samples EF & GH however look less altered and the reference to orange luminescence in the unaltered spodumene would correlate well with samples EF & GH.
If they are estimating up to 5-20% spodumene, we can estimate unaltered Li2O grades of approximately 0.4% - 1.6%. Discount by maybe 25% to account for alteration gives you a range of 0.3% - 1.2% Li2O.
5 samples of spodumene, either unaltered or altered, were sent to the lab for Ramen analysis
18 samples sent to the laboratory, 2-3 could come back above 1% Li2O
We can overlay CZN's spodumene Ramen response over a representative spodumene Ramen response to understand the levels of alteration
Red shows a very strong correlation to unaltered spodumene (is this sample GH?)
Blue looks strongly altered (sample B,C or D?)
Pink & Purple are the next least altered, possibly from samples EF
Expected degree of sample alteration: red > pink > purple > green > blue
You don't get coarse spodumene-albite pegmatites from thin air. The question is, can they find it.

The Ding paper can be found here: https://ejm.copernicus.org/articles/32/67/2020/ or by searching for "Raman spectroscopic identification of cookeite in the crystal-rich inclusions in spodumene from the Jiajika lithium pegmatite deposit, China, and its geological implications".

On the left: Ramen spodumene signatures overlain on top of the inclusion-free spodumene example;
And on the right: blue, green, pink and purple Ramen signatures overlain the red Ramen analysis (assumed to be least altered):

P.S Hello to the Corazon team because it is abundantly clear you read this. You're gonna have to market yourselves better than this because you have a mountain of doubters.
P.P.S You have an even larger mountain of structures that could be favourable to pegmatite emplacement within the greenstones.

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Excellent post and explanation@Son of Gwalia.

It just confirms how much this company clutches at straws and throws out meaningless announcements to continue the lifestyles they have enjoyed for well over 12 years whilst returning absolutely nothing in value to shareholders, nothing more than a pump an dump as mentioned.

Everytime they look like they need a pump they come out with announcements that correlate to the flavour of the month as i have previuosly stated it was Cobalt when that mineral went through the roof at one stage then they changed tack an went to Nickel when prices soared and now the flavour is Lithuim and we see Corazons SP has had a pump an dump then spiralled south again because they have nothing of any worth to report from Lynn Lake been there over 12 years and they are still struggling to improve the value of the project and turned to other companies to help them work out how to mine Lynn Lake because it's not viable to mine and never has been its only good enough as a feed stock and the numbers dont stack up there either as was the case when they pumped out the announcement to Mt Gilmore a few years back another project with very little going for it based on the projected numbers Corazon have put out to the masses, so its back to a new project in WA to continue sucking more unsuspecting newbies into the Vortex of rinse an spin as they have done for 12years, its a great lifestyle when one becomes professional at it like this BOD's are imo.

If they do happen to find something at the Miriam Nickel Sulphide Project whether that be Nickel or any other mineral I hope its a monster for those many thousands of shareholders who have been sucked into forking out good money on what i perceive to be a lifestyle company as their track record and history clearly shows.

In any event your post may help some understand how this company continues to erode shareholders wealth by the way you articulated and explianed in detail the last BS announcement, well done.