PIO 10.0% 1.1¢ pioneer resources limited

A report on PIO by Australian Research - Independent Investment...

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  1. 109 Posts.
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    A report on PIO by Australian Research - Independent Investment Research - issued April 2018 notes that:

    "......This work, along with geological mapping and samplingrecognised that PEG008 has a strike length of some 2.4km, with only 30% of thisbeing drilled at the time." 

    ..".The fourth (drilling) programme .....confirmed that PEG008B contained well differentiated pegmatites withmono-mineralic zoning similar to that in PEG008A to the north - further work isrequired to assess this prospect." 

    "....the Company will continue the evaluation of other targets, withthis including drilling which has recently commenced and is testing targets tothe north of the Sinclair Zone - there is the potential for the discovery ofaddition pollucite mineralisation, as well as further lithium, includingspodumene mineralisation."  



    It looks like further drilling to the immediate north and south of the Sinclair zone, basically defining what other treasure PEG008 holds, would be a sensible option to pursue in 2019. Particularly as mining at TANCO has shown that little blebs of pollucite can be associated with a much bigger blob nearby. 
 
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Currently unlisted public company.

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