Ann: Widespread high-grade lithium mineralisation at Kanuka, page-89

First 89 Last

Share
Profile

Follow
Davy Boy

6,903 Posts.

997

07/12/18

09:11

Post #: 36780140
Share

Originally posted by avagadro: ↑

Hrm. Not an ideal drill result so far for the baby Kanuka project. The Lithium mineralisation is close to the surface which is positive but messy and thin hits so far. Grades are lowish but then again this is potentially only the border zones of the pegmatic intrusions plus some of the overburden etc.

I keep hearing people say "no mention of Spodumene" as some sort of predictor of failure. We need XRD analysis back for that determination. Hell if you were hung up on that word in initial RC drill results you would never have bought PLS either ( https://newswire.iguana2.com/af5f4d...e_Mineralisation_from_Drilling_at_Pilgangoora )

There were some photos of rock chip samples in the update. Could be my eyes but I swear I saw some greenish crystals in there? Possible Spod? Kunzite? Some purple too, which could be Spod or Lepidolite. Hard to say. My gut feeling is if there was visible Spod in the samples so far, we would have been told so but those photos are intriguing.

Others have been discussing how AVZ hit bullseye on first DD hole. Yes, they did, but only with the benefit of decades of Belgian drilling data prior. Manono is more brown fields then Kanuka is and infinitely mroe so than Kito.

I think the drilling so far only serves to give them some direction as to where to stick the DD and get us a proper core sample deep into the pegmatite open at depth. The way the pegs mineralise to the lateritic cover so far are not particularly conclusive to be able to form judgement on.

Meanwhile, it is clear a lot of stranded investors gave up today and it will definitely make CR time interesting ... sadly I agree that unless we get something more substantial to work with, it may be in that .015 region

Expand

If spod was there they would be sprouting it IMO.
There is no buttering it up this result is pretty poor and I felt the need to exit also. I think they will be very lucky to do a CR at 1.5 and truly hope I'm wrong.
51% ownership of this result is as good as nothing IMO. DB

4CE Price at posting: 1.8¢ Sentiment: None Disclosure: Not Held
12 Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

There are more pages in this discussion • 70 more messages in this thread...

First 89 Last

Add 4CE (ASX) to my watchlist

Ann: Widespread high-grade lithium mineralisation at Kanuka, page-89

Top Stories

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Scientific conference spotlights PYC's work on blindness disease treatment

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Sales growth pushes Lovisa's fortunes (and shares) upwards

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse