It is interesting when you look at the following information from the Galaxy geological activities eg
"Geological Activities
Excellent Drill Intercepts
Subsequent to the end of the quarter, results from an RC drilling
program aimed at upgrading and extending resources at the Mt
Cattlin Spodumene Project were released. Excellent intercepts
have been identified from drilling to date.
A diamond drilling program has also been completed to provide
further geological, metallurgical and geotechnical information.
North West Zone
A new zone of lithium-bearing pegmatite mineralisation to the
northwest of the current resource was discovered in late 2009.
Ongoing drilling in this area is infilling collar spacing to 80m x 80m,
in order to define additional inferred resources.
Significant intercepts have been received from the current program
including 16m @ 1.52% Li2O in GX1098, 9m @ 2.41% Li2O in
GX1099 and 10m @ 1.15% Li2O in GX1093.
These results support the geological model for the area and
additional assay results are awaited.
Dowling Pit Area
Drilling in the Dowling Pit area was aimed at extending the eastern
margin of the Western Pegmatite Lens which remains open at some
locations. Some relatively narrow, but good grade intercepts were
returned from the Western Pegmatite Lens, including 3m @ 1.71%
Li2O in GX1082 and 3m @ 1.58% Li2O in GX1084. These lie just
beneath the current final pit outline, and have the potential to
expand the pit and further grow the resource base.
Wide, high grade upper intercepts in drill holes in Table 2, such as
11m @ 1.37% Li2O in GX1086 represent the upper Eastern
Pegmatite lens.
North Ravensthorpe Area
Five RC holes were completed in a small zone in the north east of
the resource. Drill access was previously not possible in this area
because it was covered by a small prospecting license application.
This application has now been incorporated into the larger Mt Cattlin
Mining Lease, which was granted in late 2009.
Significant results from the recent North Ravensthorpe drilling
include a best intercept of 9m @ 1.03% Li2O and 271ppmTa2O5.
Junction Prospect
Nine shallow RC holes were completed at a prospect located
approximately 1.5km NW of the Mt Cattlin resource. This program
was targeting outcropping spodumene-bearing pegmatite.
Drilling encountered spodumene in some holes, but pegmatite
zones intersected to date are patchy, with a best intercept of 3m @
0.94% Li2O. This is considered significant in this new area, and
follow up work is being planned."
Then take into consideration the promising initial drill results that BFE have announced
"The assay results for the first 9 holes (RDD‐01 to RDD‐07 & RDD09
Drill intersections using a 0.5% Li2O cut‐off included 0.9m @ 1.06%
Li2O from 45.95m and 0.69m @ 1.43% Li2O in hole RDD‐01, 3.5m @
0.62% Li2O from 26.5m and 2m @ 0.73% Li2O in hole RDD‐04, 1.36m @
0.68% Li2O from 64m and 0.68m @ 1.11% from 74.32m in hole RDD‐
05, 1.16m @ 0.82% Li2O from 17.64m in hole RDD‐06, 2.33m @ 1.14%
Li2O from 36.10m and 1.27m @ 1.11% Li2O from 43.44m in hole RDD‐
07 and 2m @ 0.70% Li2O from 93m in hole RDD‐09."
With further extensive drilling to be undertaken by BFE and the analyse of where the greatest concentrate exists all goes well for the future.
It is interesting when you look at the following information...
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