In summary it seems to be saying that the ZEU POW (Programme of Works) has been approved and they are going to drill a 2 phase drill programme starting in early June. Rigs are booked and native title is cleared.They are all set to go.
Apparently recent heavy rains have exposed several pegmatite outcroppings from the known pegmatite clusters in ZEU’s pegmatites creek prospect. So phase 1 will have them drill straight down into them from the surface to find out their depths and how they assay.Phase 2 will follow up on the more prospective indications from Phase 1 drill programe.
Further to the south east, and also in the same "pegmatite corridor", VSR have encountered prospective amounts of rare earths in their pegmatites. Zeus pegmatites clusters sit directly on strike in between them.
Earlier rock chip samples from the exposed surfaces of the pegmatites taken by Zeu Geos - have already identified the presence of lithium and rare earths in them- however in uneconomic amounts. But lithium in particular, and also REE's are quite mobile minerals that get dissipated by weathering at surface. Therefore it shall be interesting to see whats these ZEU pegmatities contain deeper down.
ZEU Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)