Interesting people are discussing ESR and MXR, I have been spending abit of time trying to find every map I can of the area trying to asses MCR ground holding and I have come to the conclusion MCR has the best land holding of the three.
But before get into that I made a post over at ESR about MCR and how granite pushes the lithium into the green stones, probably best to quickly read that first before this one it here:
https://hotcopper.com.au/threads/an...163898/page-117?post_id=22025447#.WIXZaFV96Uk
So I could not find a decent map of ESR in relation to MCR so I decided to just make my own
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So as we can see ESR land not only adjoins the MCR holding the pegmatite trend with the 100m+ drill holes, it continues south and runs directly across the border.
Taking a closer look at the work ESR has done with the historical cores they have it is confirmed the lithium is depositing into the ultramafic volcanics along the trend adjacent to the granite.
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Next if we take a regional look at mt marion we can see the same thing where granite and mafic ultramafic rocks meet, the lithium is being squeezed into the greenstones.
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When we look down at our project we see the same mt marion setting.
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So if you add all that up to me it looks like MCR is mt marion 2.0 we are looking at likely series of deposits running along both side of the granite in the volcanics, ESR has the very top portion of this trend just a small part and they are already looking at a significant discovery, what does the other 90% hold? to me ESR it likely just has the cherry, MCR is holding the cake.
And before anyone asks yes I am also a very very bullish ESR holder as well, I think both are looking exceptional, ESR success will flow onto MCR as the market wakes up, mineralisation doesn't respect project borders.
Now if that is too confusing I made a more simple explanation using a couple of pictures.
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