Short Term Trading Weekend Lounge: 29 Apr to 1 MAy, page-9

  1. 3,529 Posts.
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    STTCOMP ADV, FA long


    MC: 25M @ .038
    SOI:  650m
    Cash: 1.5m

    Ardiden has just entered into an Option agreement to acquire 100% of Seymour Lake Lithium Project, located in Ontario, Canada, which contains high quality outcropping spodumene pegmatites, with extensive historical drilling:

    * 45 of the 150 drill core samples analysed to date, with outstanding grades of up to 4.1% lithium dioxide (Li2O)

    Option agreement to acquire 100% of Root Lake Lithium Project, located in Ontario, Canada, which contains high quality outcropping spodumene pegmatites, with extensive historical drilling:


    * Includes the McCombe spodumene-bearing pegmatite and the Root Lake spodumene-bearing pegmatite, both of which were discovered in the 1950s. The McCombe pegmatite has over 10,000m of historical diamond drilling which has confirmed the potential for high-quality spodumene mineralisation. It has been traced on surface for a strike length of 550m with widths up to 19m;  

    http://hotcopper.com.au/threads/ann...port-march-2016-adv-ax.2759478/#post-17635028
 
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