CXO 1.09% 9.3¢ core lithium ltd

Mokeax, I am confident we will get similar results from Grants...

  1. 12,454 Posts.
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    Mokeax, I am confident we will get similar results from Grants as we did from BP33. The bigger question IMO, is how will the market react to it? From their announcements:

    06/09/16
    "Drilling at Grants has hit a steeply dipping pegmatite intersections up to 52m thick (69m- 121m GRRC002 TBC) (approximately 25-35m true width). Significant levels of spodumene mineralisation have also been observed regularly within broad pegmatite intersections in the two holes completed to date at Grants"
    23/09/16
    "We are highly encouraged by the potential of our other nearby prospects within the Finniss Project, where we are observing significant spodumene mineralisation that is yet to be assayed for its lithium content"

    So we have "broad pegmatite intersections" and "significant spodumeme" confirmed. It does appear that BP33 might be slightly longer intercept at 60m, vs Grants at 52m (true width slightly less). But their wording indicates confidence in it being good as well.

    Another question is, will they release Grants results separately? Or will they wait until all the others come through and release them together? All they say is it will be "released over the coming weeks" ... So we wait with bated breath.
    Last edited by Tibbs: 30/09/16
 
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