On reflection, the degree of "redness" on Fig 2 and especially that apparently big reddish neighbouring area of Global's may be a bit deceptive. The colour intensity may be governed by the depth of cover so that MPJ's potassium-containing pegmatities may have a slightly thicker cover which dims the gamma-radiation and hence colour? Can pehaps potentially give a false impression of the relative importance of the two Global vs MPJ deposits.
Also the tongue in cheek comment about free MPJ info for Global was just that. A .pdf image cannot be zoomed down to anything like 25m... however it certainly makes Global's property light up like a Christmas tree, as an indication for them... which must have focussed Global's attention. The fact that they carried out the survey over Global's property must surely have been done with some communication and presumably friendly discussion with Global. Interesting.
In the Feb 4th MPJ announcement, Fig 2 shows the old low-res radiometrics!
This new one in comparison is like switching on a light!
Some observations can be made
1. The Altura Mining lithium deposit is not indicated as falling right on the potassium-pegmatite anomaly. It is off to the NE of it.
2. The Pilbara Minerals dark-shaded deposit area is similarly shown as being off to the east of the radiometric anomaly.
3. Unfortunately the dumb positioning of the Legend in the top LH corner masks the opportunity of studying the radiometrics here and identifying the start of the potassium and hence pegmatite-lithium trend.
4. The height of the survey sensor was 25m AGL. It is possible that the information obtained from the ground radiation follows some sort of inverse square law so compared to a 100m sensor height (for example) you may get 16 times more information. Pretty tough flying for the chopper pilot to hold 25m sensor-height for 1400km and 25m line spacing, especially in a lively breeze!
5. Printing out the old radiometrics survey (Feb 4) and this latest one, putting them side by side and comparing is truly AMAZING and worth doing.!!
6. The isolated blobs now become a very identifiable pegmatite trend. And MPJ has at least a part of that trend.
7. Even on the northern property there is now suddenly a weaker but clearly identifiable N-S potassium trend that appears to be an off-shoot of the main trend in their more southerly tenement. Again the strength of red colour may not necessarily reflect the prospectivity, if the ground cover is dimming the signal. What at first appeared to be useless in terms of lithium, now becomes a major and visible lithium trend!! That cannot be undervalued. Remarkable.
6. MPJ is a remarkable company and appears to be working 24/7. No mucking around. That's for sure.
Very glad to be on board big time.
Surveys, historic data, general discussion about high priority targets etc will consolidate things to a degree. For a significant rise in SP though, some REAL and successful drilling needs to be done, or at least some enticing Rock Chip assays produced which may not be far away..
More excitement here than chasing lava channels, that's for sure.
MPJ Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
