The latest Guyana Chronicle seem's to be leaking out a little bit more information!
Australian firm to set up lithium mines
June 28, 2017
https://guyanachronicle.com/2017/06/28/australian-firm-to-set-up-lithium-mines
In addition to Lithium, 17 different elements considered to be rare earths were discovered, many of which have commercial value.
As such, the executive chairman said the Australian company is awaiting the start of the dry season to initiate the second phase of the project –
an initiative estimated to cost US$1M upon its completion at the end of the year. (Greenpower remains well funded with circa $3.8 million in cash reserves.)
Happy with a US$1mill spend!
24 May 2017
The second phase includes an airborne geophysical survey to assist in identifying additional areas that may host pegmatites similar to the Turesi Ridge area
Watts said the second phase is critical. “
We know the lithium is there, we know the rare earth is there in two separate areas, so we now have to quantify, so this is the next stage — the start of the quantification,”
The company is hoping to initiate this phase by July. Based on its findings at the end of 2017, Watts said the company will conduct a feasibility study into the establishment of a lithium mine here.
(I still think we will just prove up the Lithium and REE the sell this bad boy of for a good earn)
Over the past two and a half years, GSM has undertaken a substantial amount of work in terms of identifying areas within Guyana which are prospective for lithium and tantalum (including compiling, interpreting and undertaking desktop work in relation to historical information).
( Ive said this before a number of times, GPP and GSM are miles ahead already thanks to GSM working there for the last couple of years hunting down the best places to mine )
