Im looking for some clarification on the approx visual observations of Spodumene at Cancet released today by MTC.
I am in no means comparing the thickness,width or scale of the projects but i would like to use each as a reference and determine approx grades if possible.
Disclaimer-Hold both.
AVZ recently Ann that there visual assessments-
on 21 March 2017, AVZ commenced a 13 hole, 2,000 metre diamond drilling program designed to test both the Kitotolo and Manono prospects. Drill hole MO17DD001 (Figure 3) was designed to target surface mineralisation recently identified by mapping at the south end of the historic Roche Dure pit. The hole was terminated in mineralisation at a down hole depth of 141.50 metres. Spodumene ranging between 5% and 25% of whole rock volume and minor cassiterite/coltan is clearly visible in sections of the core. Samples have been forwarded to SGS laboratories in South Africa for analysis – assays are pending. The initial drill program is continuing and is expected to be completed in early Q3 2017.
Whilst MTC Ann their Visuals today.
Heavily spodumene mineralised pegmatite confirmed in multiple drill holes at Cancet starting at surface suggesting the presence of a high-grade lithium mineralised pegmatite structure with low operating-cost open cut mining potential
25 diamond drill holes reported with 220 diamond drill core samples sent to Activation Laboratories in Ontario for multi-element analysis including lithium and tantalum – results expected in the coming weeks
Exceptional near surface drilling results have been encountered, including:
o 57.0m (from 15.0m to 72.0m) mineralised pegmatite intersection within hole MTC17-010
with a spodumene mineralisation estimate of 20%
o 27.5m (from 0.0m to 27.5m) mineralised pegmatite intersection within hole MTC17-015 with a spodumene mineralisation estimate of 45%
o 26.4m (from 0.0m to 26.4m) mineralised pegmatite intersection within hole MTC17-021 with a spodumene mineralisation estimate of 20%
o 25.3m (from 28.5m to 53.8m) mineralised pegmatite intersection within hole MTC17-025 with a spodumene mineralisation estimate of 25%
o 24.0m (from 18.0m to 42.0m) mineralised pegmatite intersection within hole MTC17-013 with a spodumene mineralisation estimate of 25%
o 20.0m (from 0.0m to 20.0m) mineralised pegmatite intersection within hole MTC17-022 with a spodumene mineralisation estimate of 15%
o 17.4m (from 0.0m to 17.4m) mineralised pegmatite intersection within hole MTC17-011 with a spodumene mineralisation estimate of 15%
All lithium mineralisation contained in spodumene and main pegmatite zone remains open along strike in both directions
Additional spodumene-bearing pegmatite outcrops have been uncovered during trail and drill site preparation, suggesting significant exploration upside
I'm Hoping that some of the gurus can shed some light on the results and if my assumption of 1.6%Li or greater at Cancet is correct.Cheers for your assistance.
MTC also seem to have gathered a quality footprint in the Cobalt game to compliment their Li exploration.
Acquisition of two (2) high grade cobalt projects with minimal dilution to complement existing high grade lithium projects and complete focus on strategic commodities for the battery market
New Athona Cobalt Project covers 432 Ha approximately 60km south-west of the town of Cobalt and has assayed up to 2.96% Co and up to 2% Cu
Bay Lake Cobalt Project covers 672 Ha approximately 10 km south-south-west of the Historic Silver Mining Camp of Cobalt Township and has assayed up to 15.36% Co in cobalt-rich veins
Completion of legal and technical due diligence in relation to the high grade Bay Lake Cobalt Project with commencement of settlement of the 100% acquisition
Attractive acquisition structure with minimal dilution provides the company with exposure to highly prospective ground in one of the most exciting high grade cobalt jurisdictions globally
Acquisition complements the company’s existing high grade lithium projects and exposure to strategic commodities for the battery market
Bay Lake covers 672 Ha 10 km south-south-west of the Historic Silver Mining Camp of Cobalt Township and has assayed up to 15.36% Co in cobalt-rich veins (refer to ASX announcement dated 16 March 2017 and titled “MetalsTech to Acquire Two High Grade Cobalt Projects”)
The company is in the process of expanding its landholding in and around the Bay Lake project area
Drilling progressing well with 10 holes complete from the 4,000m drill campaign at the Cancet Lithium Project, where up to 5.58% Li2O has been assayed in channel samples (refer to ASX announcement dated 2 March 2017, titled “Up to 5.58% Li2O in Drill Target Zone at MTC Cancet Project”)
Significant spodumene mineralised pegmatite intersections delineated in first batch of drill holes starting at surface with assay confirmation from laboratory pending
