AYT 11.1% 0.4¢ austin metals limited

Ann: Quarterly Activities Report-SCI.AX, page-2

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    It seems from Qtrly just now pg 5-6 ...that of the "very limited" samples analysed thus far that the Grade is very low... See red bit below ...


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    Results
    At the time of writing, SCI had received laboratory results for 24 surface pegmatite samples and 116 drill chip samples. Summary results are tabulated below into three geological categories; surface rock chip samples from pegmatite in low grade metamorphic rocks, surface rock chip samples from pegmatites in high grade metamorphic rocks and drill hole data from tin-tungsten drilling in moderate grade metamorphic rocks. Drill chips show good correlation between lithium
    6
    SILVER CITY MINERALS LIMITED
    caesium, tin, and thallium. Rock chips within the southern part tin field show good correlation between lithium, gallium, niobium, tin and tungsten. Throughout the Waukeroo tin field historic exploration results show that indicator elements (rubidium, tin, caesium and niobium) are elevated and anomalous (ASX Release 3 June 2016).
    Table 5. Summary statistics for preliminary sampling, classified by location
    Location Number of samples
    Mean (ppm)
    Median  (ppm)
    Maximum  (ppm)
    Surface; low grade metamorphism, inside south tin field 9 19.5 9.5 79 Drill Chips; moderate grade metamorphism , inside tin field 116 111 101 319 Surface; high grade metamorphism outside tin field 15 3.7 2.7 13.3
    Comment
    Results at hand represent a very small fraction (less than 1%) of the proposed program. The highest value returned for lithium was 319 ppm (or 0.07% Li2O). Despite the paucity of analytical data there is an indication that pegmatites associated with moderate to low grade metamorphic rocks host elevated lithium and these are generally associated with tin mineralisation.  Indicator elements are also elevated and anomalous in these rocks.
    In conclusion, whilst the analytical data available at present is sparse, preliminary work suggests a focus of lithium mineralisation in moderate to low grade metamorphic rocks in association with tin mineralisation.
    Future Results
    SCI is undertaking an extensive program of exploration to assess the potential for lithium.  For this work to be effective a large quantity of samples need to be collected, processed and analysed.  Significant results will be made available as they are received.  Comprehensive reporting on the overall survey is likely to be available in September-October 2016
 
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