Short Interview from Alex today via Proactive Investors discusses the recent acquisition of the James Bay projects as well as the commencement of RC drilling. Highlights taken from the interview below:
- Great deal weighted heavily on milestones.
- Auction period currently, they are completing due diligence and will announce to the market once its done.
- Keen to get on the ground to complete the first milestone (rock chip sampling), prior to winter setting in around November. He believes they can get a 4 week period in to look at the pegmatites, do the mapping and complete the rock chip sampling.
- Indicators from the Aircore chips so far are looking good, with assays still pending, but the RC will look at accessing the fresh rock.
- RC Drilling looking at taking 1-2 weeks
All very positive, market still seems to be asleep on the potential this one has. Sentiment for Li stocks and microcaps have been quite weak recently. A solid set of results is what will really set the price off, which is likely not to far away.
Lightning Minerals acquires highly prospective Canadian lithium projects | ASX:L1M (*.com.au)
Ann: RC Drilling begins on Lithium Targets at Dundas South, page-3
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