GXY 0.00% $5.28 galaxy resources limited

New Lithium Related Article, page-2657

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    GXY drilling to increase Mt.Cattlin resource. Announcement on Traka Site.

    The Mt Cattlin North Project(Traka Free Carried 20%)
    Traka has a 20% free carried joint venture interest with Galaxy Resources Ltd (Galaxy)on tenements abutting the Mt Cattlin Lithium Mine.
    Galaxy has provided the followinginformation regarding exploration activity on the Mt Cattlin North Joint Venture (Figure 6).“Galaxy Lithium has commenced RC drill testing of the Enduro Prospect.
    Ten of the proposedRC drill holes are located on the Traka JV Tenement E74/401 (Table 2 and Figure 6).Regional surface mapping has identified weathered spodumene pegmatite mineralisation 2kmnorth of the Mt Cattlin operation. Ground penetrating radar indicates a shallow northerly dip tothe pegmatites. The drilling program is designed to test the true thickness, geometry and lithiumgrade of the pegmatite to depth.”Table 2. Planned drill holes on the Enduro Prospect.

    Mine life worries you say.
 
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