I dont have a large understanding of the relationship but from what i do understand salt is ussually an indicator found with potash, lithium and is apart of the process required to form these commodoties. For Those that are intrested in learning more about these materials i have attached links below that will give you a basic understanding.
http://en.wikipedia.org/wiki/Potash
http://en.wikipedia.org/wiki/Lithium
The fact that they stated there was no salt has lead me to believe that there is non of the main materials the company is searching for at the near surface level. However i did do some research on other potash companies and found that in alot of instances that potash is discovered much deeper underground 200m - 600m etc. Check out ELM or other potash companies, below is a statment from their drilling results
Shallow sylvinite zone intersections of: ?X 4.17m at 24.37% K2O from 273.98m and ?X 3.83m at 20.91% K2O from 281.52m. https://www.macquarie.com.au/edge/article/COMPANY/ELM/56b83d516b7ab210VgnVCM100000c502890aRCRD/
Also the fact that GMM states shallow structural drilling may just simply mean they did not drill deep enough which is demonstrated by ELM's ann, also the objective of this drilling campaign was to see if there is any near surface occurances and then they would look at bring in a specialized rig if anything is found.
"The geophysical logs are yet to be received in Australia and will be analysed together with other available information to better understand the geology of this underexplored area and to identify priority locations for a deeper drilling program seeking bedded potash"
I think that this company still has alot of potential with their mongolian projects and leases. They may also still recieve positive results, I may look at taking another position after results are confirmed. GL to all holders
GB
GMM Price at posting:
12.2¢ Sentiment: None Disclosure: Not Held
