I would think in my opinion that Mavis Lake and its accompanying Fairservice Project - ' Pegmatite 6 ' target is an absolute ' Monster ' in the making. And that's why I bought in last week at 5.2 cents. Wasn't going to post but thought I'd just drop in a bit of research for others to ponder over. In terms of day before yesterday's NSW base metals drill results - in my opinion they will end up being the icing on the Lithium Cake.
And I guess it doesn't hurt when another Like minded non executive ' Chairman ' of Pathfinder Resources ( Sufian Ahmad ) who also has the Bloom Lake Cobalt project just south of Timmins Ontario and about 14 odd hours away. He must see something in CRR .....or perhaps he has something else to ' Offer ' up at some point via a JV. Who knows.
However , in terms of the Mavis Lake Lithium acquisition , I notice that all the latest announcement concerning this acquisition do not even highlight some of the other outstanding drill results from the 2018 drill campaign by the formerly named Pioneer Resources ( now Essential Metals ) - see below for those 2018 published lithium results.
So while the ' True Width ' has not been proven out , you can see that the potential width and length as determined by strike is quite substantial. So too are the obvious ' thicknesses ' of the potential pegmatite ore bodies.
Interesting as well that exactly one day after the close of the Mavis Lake acquisition that CRR appoints Alex Cheesman from 1MC to its BOD and who in addition to his Physics background just so happens to have a degree as well in ' Development & Acquisition ' as per CRR's announcement of his appointment on 6th January 2022.
" Mr Cheeseman holds a bachelor’s degree in physics and a master’s degree indevelopment and acquisition, both from the University of New South Wales "
So Given this appointment , I wouldn't be at ll surprised if CRR does a further deal with International Lithium Corp who now hold 100% interest in the Raleigh Lake Lithium Deposit which is located just to the South - West of Mavis Lake and who's drill results thus far are nowhere near the ' Thickness ' even though their width and strike is more defined. Keep in mind they also have undertaken to divest its 100% Forgan / Georgia Lake Lithium project to Ultra Resources Inc while only retaining its 1.5% NSR. So that just leaves the Raleigh Lake project which they class as " STRATEGIC " ......
And like most Pegmatites ( especially ) in the Electric Avenue district where Frontier Lithium's main PAK deposit and other satellite expanding showings are located directly to the North East trend from Mavis Lake - MOST of them show a consistent East - West trend through the Canadian Shield.
But what is also interesting about the terms of this Mavis Lake acquisition is that almost half of the agreed consideration of $1.5 million is contingent on a 10 MT JORC resource being defined at NO LESS than a cut off grade of .4% Li20.....
(20min delay)