AWJ auric mining limited

Ann: Writ from Estrella Resources Ltd, page-108

  1. 20 Posts.
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    It's probably easiest just to ask Auric directly and hope they respond, since WIN Metals referred to Auric's drilling results with pegmatite occurrences in their own announcement, which I posted earlier.

    In the image I attached, the drill results from two holes at the northern part of the area, called Inco Boundary, were published in Estrella’s Quarterly Activities Report for the quarter ending 31 March 2017. The report stated the following:

    "Two holes were drilled at Inco Boundary. Both holes intersected significant widths of pegmatite, which are interpreted to represent a swarm of flat dipping sheet like pegmatites. This is based on the relationship between outcrop exposures and drillhole intercepts. This interpretation varies significantly from the sub vertical geometries hypothesized before drilling.

    MERC0005 was drilled immediately beneath a highly prospective pegmatite, directly along strike from Mincor’s recent high grade rock chips collected at surface. The hole returned a highly anomalous result of 7m at 0.38% Li2O, including 1m at 1.29% Li2O, starting from surface. This result will be followed up with step-out drilling during the next phase of exploration on the MELP."

    But it's a bit strange that if M15/87 contains commercially viable lithium mineralisation, it’s so hard to find drilling results that confirm this. Junior companies don't keep quiet on good drill results, do they?

 
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