ZNC zenith minerals limited

CYMON - I think you have to point out that the mention of...

  1. 1,691 Posts.
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    CYMON - I think you have to point out that the mention of zinnwaldite was in reference to a historical geological survey, and in the context that it is simply a lithium baring mineral. To infer that simply mentioning zinnwaldite is a 'red flag' is just rubbish until they actually test the zone to see what they have. The discussion here is talking about the Smith Bore announcement, which seems to have got the interest of some of the PLS punters. It is also worth nothing they have only a couple of months prior to this announced high-grade lithium samples (up to 4.05% Li2O) their Mt Alexander Project. If you've been invested in Zenith for a while (as I have), you'll note that Mt Alexander has had a huge amount of feasibility and environmental work done to establish mining in that area. Though they are cautious and state that the extent of the mineralisation is unknown, they have reported the following which seems like a lot more work will be done (1 of 100 dykes sampled):

    "Prior to the discovery by Zenith of the magnetite iron deposits at Mount Alexander, historic exploration focussed largely on tungsten bearing skarns and base metal gossans around the Lower Proterozoic Mortgage Monzogranite. The presence of abundant pegmatite dykes was noted in mapping, and an occurrence of lepidolite was noted by Amax in the early 1980s. Samples containing high-grade lithium are from the occurrence noted by Amax. Ten rock chip samples taken from a lepidolite rich pegmatite dyke, over a zone 30 metres in length and 1 metre in width were analysed for a suit of elements including lithium, tantalum, beryllium, rubidium, caesium, niobium and tin.  Seven of those rock chip samples returned high-grade lithium oxide assays ranging from 3.38%Li2O to 4.05% Li2O, the other 3 samples returned less than the analytical detection limit;  All 10 samples contained highly anomalous tantalum ranging from 0.016% Ta2O5 to 0.034%Ta2O5; whilst  Seven samples returned anomalous tin results (greater than 0.03%Sn) up to 0.2%Sn. In addition a mineragraphic study has confirmed that the sample is composed dominantly of lepidolite, with accessory spodumene and quartz with trace apatite, cassiterite and microlite. The analytical results and the mineragraphic investigation confirm the presence of high tenor lithium mineralisation in a fertile pegmatite field. However, the Company cautions that the extent of lithium mineralisation at Mt Alexander is currently poorly understood and although the mineralised samples reported herein were collected by a current Zenith director, the work was done during two field trips undertaken prior to Zenith’s involvement with the project. The pegmatite dyke that has been sampled is one of more than 100 pegmatite and granitic dykes that form a 2 kilometre x 2.5 kilometre radiating swarm surrounding the Mortgage Monzonite intrusive stock (Figure 2). These other pegmatite dykes do not appear to have been systematically mapped or sampled for lithium or tantalum."
    Last edited by Android789: 01/04/16
 
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