This might interest you folk. Directly related to the Bald Hill mine and MinRes
ASX:TOR
The drill rig is currently spinning on-site and I can't wait to see the spodumene
600 meters away from the Bald Hill mine which just last week got offered $1B to $1.8B from various buyers. MinRes plus Glencore
Up to 6% spodumene from rock chip sampling with many high grade samples obtained
Massive chunks of spodumene the director has been bringing to presentations to show off and also has a chunk in his office
Fully funded diamond drilling has commenced
Historical tantalum drilling with a maximum depth of 30m successfully intercepted abundant pegmatites with abundant spodumene noted in the drill logs as seen above.
The director knows exactly where to drill based off these historical results. Success is almost guaranteed. It is also interesting to note that Bald Hill originally was drilling tantalum and then discovered pegmatites with spodumene. The exact same scenario has happened here, wink wink only 600m away.
Bald Hill operators are currently drilling towards TOR tenements meaning the mineralization appears to be continuing to where we are, while at the same time we have already confirmed abundant spodumene.
Bald Hill buyers are eyeing nearby tenements and M&A is ripe. TOR already has mining licenses like WC8 which usually take years and heritage approvals so this discovery can progress very quickly. We are in the perfect position right now, a very unique one if you ask me. The buyers of Bald Hill will want to take us out really quickly once/if a discovery is confirmed. They can feed our ore into the Bald Hill processing plant
Only a $36m mc. It's a bit of a no brainer imo particularly due to the historical drilling logs which prove that both the pegmatites and spodumene are there.
GLTAH
