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Originally posted by w27:
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PIO have identified eightn rank five pegmatites and six rank four at Pioneer Dome. Apart from work by LPD at Peg 9, which was specifically looking for lepidolite, there has only been any drilling at three pegmatites. Exploration at Peg 8A resulted in the Sinclair Mine. Drilling at Peg 3 was reported as "not encouraging" and no further work was done. Drilling at Peg 8 South was reported as "similar to Sinclair" and a "Tanco like deposit", This was ranked ad rank 4 in the only published ranking of pegmatites. I can only assume that at some later time the ranking of Peg 8 South has improved as there are seven pegmatites ranked five which remain undrilled. One would have to think that the prospects of further discoveries of LCT minerals at Pioneer Dome are pretty good, even excellent, on the basis of success so far.
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One of the problems is we have scant details about the cabot deal and why a placement now at 2 cents a share if all this cash is soon to appear.
