Say it with me now folks, d-u-s-t-e-r!
"Positive" results; "encouraging" results; the wording says it all.
WHOOOWEEEEEEE look at all that lepidolite! If they are willing to release a core photo of mica dominant pegmatite, but aren't willing to call it anything but a lithium-bearing pegmatite, what gives?
OH WAIT A MINUTE! But what's that over there?! Could it be a SINGLE spodumene grain that they think has allowed them to quote lithium-bearing minerals??? Amongst a sea of lepidolite. Desperation.
Very sad results. Uneconomic, 100:1+ strip ratio, too thin etc.
Hole ID Depth Azi Dip Pegmatite intercept* Pegmatite Interval 1 MARC153 65 170 -60 14-27m 13 2 MARC154 80 350 -60 Scissor hole 0 3 MARC155 125 170 -60 52-57m 5 4 MARC156 149 170 -60 11-12m 1 5 MARC157 77 170 -60 21-26m 5 6 MARC158 100 170 -60 70-73m 3 7 MARC159 80 350 -60 2-7m 5 8 MARC160 149 170 -60 110-111m 1 9 MARC161 60 170 -60 22-30m 8 10 MARC162 60 170 -60 No intercept 0 11 MARC163 60 170 -60 20-21m, 22-23m 2 12 MARC164 79 170 -60 51-54m, 67-70m 6 13 MARC165 100 170 -60 16-17m 1 14 MARC166 80 170 -60 28-29m 1 15 MARC167 131 240 -60 Nickel hole; EM target 0 16 MARC168 149 170 -60 78-82m, 128-130m 6 17 MARC169 100 170 -60 31-37m 6 18 MARC170 250 170 -60 No intercept 0 19 MARC171 200 170 -60 101-103m 2 20 MARC172 140 237 -60 Nickel EM Target 0 21 MARC173 190 240 -65 Seismic Target 0 22 MARC174 156 210 -60 133-135m 2 23 MARC175 200 200 -60 111-112m 1 24 MARC176 90 170 -60 58-59m, 74-76m 3
And the intercepts are not getting any thicker with better drilling!
Hmmmm something isn't adding up here, they said the results were "positive"! There must be more "positive" news hidden down deeper into the announcement. Let's go looking at the rock chip data!
SampleID Easting Northing Li2O ppm Li ppm Cs_ppm Rb ppm Ta2O5
ppmK ppm K/Rb
ratio1 MARK172 235600 6801968 1096 509.1 31 1160 23.2 19000 16 2 MARK167 236349 6802027 314 145.8 9 1080 12.2 36000 33 3 MARK282 241414 6794466 211 98.0 -1 36.5 58.6 2000 55 4 MARK174 235667 6802273 194 90.1 5 648 13.4 19000 29 5 MARK173 235644 6802115 131 60.8 3 256 6.1 7000 27 6 MARK197 238138 6801124 114 52.9 10 1030 25.6 33000 32 7 MARK151 236311 6802548 95 44.1 12 951 28.1 47000 49 8 MARK151 236311 6802548 95 44.1 12 961 27.5 46000 48 9 MARK138 234391 6803537 82 38.1 6 833 6.7 46000 55 10 MARK226 237700 6799717 60 27.9 9 2280 25 51000 22 11 MARK139 234438 6803456 56 26.0 8 1240 3.1 66000 53 12 MARK171 235652 6801861 54 25.1 8 69 18.3 3000 43 13 MARK170 235753 6801642 52 24.2 2 142 8.5 6000 42 14 MARK140 234507 6803276 50 23.2 5 678 3.7 36000 53 15 MARK164 235434 6802528 37 17.2 13 2030 2.4 101000 50 16 MARK175 236703 6801893 34 15.8 11 1270 8.5 42000 33 17 MARK186 238410 6800632 34 15.8 19 2070 67.2 29000 14 18 MARK191 238525 6801231 34 15.8 2 366 56.8 16000 44 19 MARK187 238436 6800708 30 13.9 -1 467 22.6 15000 32 20 MARK143 234548 6803591 26 12.1 6 433 6.7 26000 60 21 MARK146 234755 6803493 26 12.1 10 1340 4.9 73000 54 22 MARK135 234377 6803847 19 8.8 9 1530 4.3 75000 49 23 MARK158 236876 6802106 19 8.8 3 531 11 23000 43 24 MARK160 235776 6803141 19 8.8 3 413 9.8 31000 75 25 MARK189 238838 6801085 19 8.8 4 564 17.1 24000 43 26 MARK224 237122 6799525 19 8.8 12 1410 58.6 32000 23 27 MARK152 236216 6802493 17 7.9 4 451 12.2 22000 49 28 MARK157 236882 6802065 17 7.9 4 767 6.7 32000 42 29 MARK159 235884 6803216 17 7.9 4 437 9.2 33000 76 30 MARK236 240908 6796434 17 7.9 -1 16 5.5 3000 188 31 MARK144 234743 6804021 15 7.0 2 270 4.3 21000 78 32 MARK153 236225 6802245 15 7.0 3 452 17.7 24000 53 33 MARK160 235776 6803141 15 7.0 3 418 9.2 31000 74 34 MARK176 236825 6801297 15 7.0 2 627 7.9 21000 33 35 MARK182 236966 6800647 15 7.0 3 451 10.4 14000 31 36 MARK184 238336 6800456 15 7.0 2 510 14.7 19000 37 37 MARK141 234660 6803872 13 6.0 4 599 7.3 37000 62 38 MARK149 234950 6802945 13 6.0 7 942 4.3 43000 46 39 MARK150 235437 6802831 13 6.0 -1 211 14 13000 62 40 MARK163 235445 6802652 13 6.0 11 1670 7.3 76000 46 41 MARK165 236654 6802320 13 6.0 -1 136 7.3 8000 59 42 MARK168 236006 6801901 13 6.0 9 940 15.3 47000 50 43 MARK180 236852 6800989 13 6.0 2 518 21.4 18000 35 44 MARK185 238370 6800494 13 6.0 -1 113 29.3 4000 35 45 MARK192 238361 6801376 13 6.0 3 659 11.6 30000 46 46 MARK194 238172 6801663 13 6.0 2 288 18.3 15000 52 47 MARK225 237288 6799337 13 6.0 2 182 37.9 7000 38 48 MARK142 234653 6803797 11 5.1 5 662 7.9 32000 48 49 MARK149 234950 6802945 11 5.1 8 961 4.3 44000 46 50 MARK169 235878 6801746 11 5.1 6 842 38.5 45000 53 51 MARK178 236469 6801411 11 5.1 2 458 17.1 21000 46 52 MARK179 235863 6801207 11 5.1 3 357 19.5 20000 56 53 MARK183 238174 6800380 11 5.1 1 404 9.8 15000 37 54 MARK193 238251 6801500 11 5.1 4 574 21.4 21000 37 55 MARK222 237125 6799857 11 5.1 -1 15 23.2 2000 133 56 MARK133 234340 6804054 9 4.2 16 1430 1.8 84000 59 57 MARK134 234369 6803923 9 4.2 5 516 10.4 33000 64 58 MARK147 234702 6803311 9 4.2 3 619 9.2 34000 55 59 MARK148 234722 6803128 9 4.2 -1 169 4.3 10000 59 60 MARK156 236735 6802305 9 4.2 2 298 17.7 18000 60 61 MARK162 235573 6802980 9 4.2 8 1140 4.3 63000 55 62 MARK163 235445 6802652 9 4.2 11 1680 7.3 79000 47 63 MARK177 236560 6801260 9 4.2 6 1500 9.8 61000 41 64 MARK188 239014 6800934 9 4.2 8 994 51.9 32000 32 65 MARK190 238665 6801136 9 4.2 4 1460 4.9 56000 38 66 MARK193 238251 6801500 9 4.2 4 575 22 20000 35 67 MARK196 238069 6801167 9 4.2 3 590 8.5 28000 47 68 MARK223 237118 6799712 9 4.2 2 569 6.7 36000 63 69 MARK145 234769 6803816 6 2.8 3 382 12.8 23000 60 70 MARK155 236657 6802444 6 2.8 5 1050 10.4 55000 52 71 MARK161 235713 6803059 6 2.8 5 645 4.9 49000 76 72 MARK303 239388 6801533 6 2.8 -1 189 3.7 18000 95 73 MARK154 236590 6802526 4 1.9 3 710 5.5 35000 49 74 MARK181 236884 6800820 4 1.9 4 832 20.1 28000 34 75 MARK301 239428 6801555 4 1.9 12 1180 1.2 82000 69 76 MARK302 239418 6801567 4 1.9 5 723 6.1 46000 64 77 MARK303 239388 6801533 4 1.9 -1 186 3.1 17000 91 78 MARK136 234419 6803810 2 0.9 8 1250 1.8 82000 66 79 MARK137 234423 6803735 2 0.9 14 1940 1.2 111000 57
As I suspected. We better convert the Li2O ppm to Li ppm to get a better understanding. Background granite Li ppm is approximately 20ppm Li as per the WA DMP.
- 65/79 samples are below 20ppm Li so these rock samples are actually depleted in lithium.
- How can "prospective" lithium rock chips, purposely selected by the SGQ team, be assaying under 100ppm Li???
And the pumpers have the gall to say these results are good because a Chinese Co is investing in SGQ to bypass FIRB rules. Blinders are well and truly on. The best part of all? You know the pumpers will attack me instead of the data.
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