Just read the release , and I am far from a geologist , but looking at some of the grades from previous mining of the 7,000 hectares when lithium was worth very little you cannot be excited
It is difficult to comprehend this mine has been idle since the 70's and 80s given the rebound in Lithium prices
The grades highlighted seem exceptional compared to Altura, at 1% lithium
The quote I particularly liked in the press release was the analysis of the samples undertaken by the LRS team in recent weeks .
- Analysis of four samples collected by Latin geologists of exposures of spodumene in old mine workings in three pegmatite deposits within the new claim applications reported grades of 6.6%, 7.1%, 6.3% and 4.9% Li2O respectively.
- Combined estimates of Spodumene content within 15m of surface of 12 of these deposits subject of the latest claim applications are in excess of 120,000 t (Acosta et al 1988, Balmaceda & Kaniefsy 1982 and other non‐JORC foreign publications).*
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