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Ann: SPECTACULAR COPPER VISUALS & MASSIVE SULPHIDES AT LONE STAR, page-313

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Beno77

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04/01/22

13:41

Post #: 58630161
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Originally posted by redned71: ↑

g’day all.

new to MQR. Mainly here for the Li potential, but it’s good to have the Cu/Au and REE back ups.

I’m not sure what some are expecting for the balance of the Auger geochemistry sampling results? But Auger testing won’t give us much as to how much Li we might have. They’re very shallow; only 1 - 1.5m deep. We’ll need to wait for the proper drills later in this Q for anything on Li content. With lab delays that might not be until q2.
they’ll probably wait until all the auger results are in to help them identify where the best targets are for the upcoming drilling program. So I expect drilling may not even start until February.

this from the recent announcement:

“Auger soil,sampling is a reconnaissance stage technique and offers only an indication of the tenor of underlying mineralisation.”

“Auger holes were drilled vertically down to a maximum depth of 1.5m with the average hole depth of 1.0m.”

I’d appreciate hearing from those that have been in this for a while, as to the quality and expertise of management? On paper, seems ok; geologist looks good. But any input on them would be welcome.
I’m big on high quality management in the companies I invest in. My main investments in STM and HIO certainly have outstanding management and both have people who have had previous success in their areas of interest.
in my 32 years in the market, I’ve made most money in companies with high quality management. I’ve lost most money where there were average/poor management.

thanks,

ned.

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Welcome aboard!
I haven’t much to comment on the lithium side of things but what I will say is the 30m chalcopyrite-pyrite can contain 30+% copper. We get anything above 5 % this will run hard. If assays resembles what CNB got around 10% this will multi bag.

Lot of work to be done in the Lithium. MRQ are planning to mine LoneStar in the next 2 years

MQR Price at posting: 15.0¢ Sentiment: Hold Disclosure: Held
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Ann: SPECTACULAR COPPER VISUALS & MASSIVE SULPHIDES AT LONE STAR, page-313

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Ann: SPECTACULAR COPPER VISUALS & MASSIVE SULPHIDES AT LONE STAR, page-313

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