The corporate presentation is a general summary for shareholders, instos and potential mum and dad investors. As such, the finer details on the Wisa Project are not included.. the resource size of 330,000 was calculated in the 1950's and instruments back then were a little more primitive. Don't use it as a reliable resource estimate.. I think that's what it's referring to.
Quoted from the acquisition in December 2016-
The Wisa Lake Lithium Project has a historical (non-JORC compliant) lithium resource of 330,000 tonnes grading 1.15% Li2O (Lexindin Gold Mines Ltd., Manager’s Report, 1958; Ontario Geological Survey, Open File Report 6285, Report of Activities 2012). In 1956, Lexindin Gold Mines Ltd. completed a total of 20 drill holes (backpack and AQ-sized core) over a strike length of 335m and to a depth of approximately 65m to define the Wisa Lake lithium deposit. The most easterly hole intersected a true width of 6.4m containing an estimated 20% of the lithium-bearing mineral spodumene suggesting the mineralization is open at depth and to the east. It should be noted that the historical resource estimate for the deposit was calculated prior to CIM National Instrument 43-101 or JORC (2012) guidelines and, as such, should only be considered from a historical point of view and not relied upon. A qualified person has not completed sufficient work to classify the historical estimates as current Mineral Resources. Further exploration and drill testing programs are required to report in accordance with JORC (2012) guidelines.
- Forums
- ASX - By Stock
- Ann: Suspension from Official Quotation
The corporate presentation is a general summary for...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
NEWS
Breakthrough programs slash healthcare events, driving a significant A$1.8M+ annual revenue boost
Add ADV (ASX) to my watchlist
(20min delay)
|
|||||
Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.439M |
Open | High | Low | Value | Volume |
13.5¢ | 13.5¢ | 13.5¢ | $12.41K | 91.93K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 105822 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 75223 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 105822 | 0.130 |
3 | 167649 | 0.125 |
3 | 76265 | 0.120 |
1 | 14781 | 0.115 |
3 | 77270 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 75223 | 6 |
0.145 | 65662 | 2 |
0.150 | 52174 | 2 |
0.155 | 51016 | 3 |
0.165 | 89743 | 2 |
Last trade - 13.00pm 04/10/2024 (20 minute delay) ? |
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
ADV (ASX) Chart |