IRONRIDGE RESOURCES-London listed
The Vincent Mascolo Interview with IG that sets the next news etc.
13 June 2018
9 hrs ago, Mon 18 June 2018. Chief geologist will present at Brisbane Mines and Money Conference, Thur 21 June 2018.
[Pic shows GOLD on left side and presumably LITHIUM on right side?]
***********PEER BENCHMARK - News, 11 hrs & 9 hrs ago, Mon 18 June 2018***
<>AVZ Minerals-Lithium - DRC [ASX, Australia listed]
[Latest drill result 263.24m @1.52% Li2O]
[* article]
[12,500m of 20,000 drilling program at MANONO. 40 DRILL HOLES from the current drilling program will be used for FIRST JORC compliant resource which the co will do in July. ROCHE DURE - 1 of 2 biggest pegmative at the site. 200m pus -some up to 300m. Target 300-400 million tonnes at Roche Dure followed up with a bigger resource 3 months later.]
AVZ on ASX share price A$ 0.097 cents, Mkt Cap A$181.24 m [High 0.37c and Low 0.031c]
*****************MANONO PROJECT -AVZ 60%************************
Link:
https://avzminerals.com.au/manono-mine/
Highlights: Spodumene
60% owned, funding expenditure to FS.
"Project covers 188km 2 in Democratic Republic of Congo [DRC]
2017 results: 235m @1.66% Li2O, 202.8m @1.57%Li20 & 250.9m @1.48 Li20.
Infrastructure is limited...
Geology: Stretching for over 1,000km through KATANGA and into South West UGANDA.
Roche Dura Pegmatite proven length of at least 2,100km.
Mpete " 1km
Tempete " 1.5km
&Carriere de L*Est " 5,500m the largest
AVZ exploration target 1BT-1.2 BT of 1.25% - 1.5% Li2O for the ENTIRE MANONO project including 300-400 Mt of 1.25%-1.5% Li20 for the Roche Dure Pegmatite alone. ["CONCEPTUAL in nature as there has been insufficient exploration to estimate a Mineral Resource......"]
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Peer Benchmark-KIDMAN RESOURCES, ASX, Australia
Link:
https://kidmanresources.com.au/projects/mt-holland/
EARL GREY LITHIUM DEPOSIT, Mt Holland-Western Australia
50% Kidman & 50% SQM
54% increase in MRE [Maiden Resource Estimate] - Estimated to contain 189m tonnes @1.5%Li20 or 7.03m tonnes of Lithium
Geology: Forrestania Greenstone Belt, extends OVER 300KM, 2 distinct...units within the belt.
Link: https;//kidmanresources.com.au/corporate/company-overview/
"1 of the world*s most significant HARD ROCK lithium deposits.
TIER -1 "
Kidman Resources share price A$1.92, MKT CAP A$767.23 million. [High $2.48 & Low A 50c]
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<><>IRONRIDGE RESOURCES- Listed in London [daughter co of DGR Global<>
Link:
https://www.ironridgeresources.com.au/ghana/
Ironridge Resources- GHANA LITHIUM
2 projects:
"CAPE COAST Lithium Project 70-100%]
314 KM2 LAND package
High-Li Pegmatite opportunities
OVER 20KM S T R I K E of pegmatite VEIN SWARMS identified in prev mapping.
Within 90km of capital city of Accra and deep water port Takoradi, along bitumen highway.
8 PEGMATITE B O D I E S 350ft-560ft long & 30-80ft wide & 0.5% - 2.2 Li20
Historical deposit: 1.48Mt @1.66% Li20 [Non-JORC]
Resource and Exploration Upside- Primary HARD ROCK Spodumene in Pegmatite
<>"HISTORIC EGYASIMANKU Lithium Resource"
1.48Mt @1.66% Li20 [Non JORC]. Only 1 of 4 areas assessed and included in resource.
Exploration upside..........[details]
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******IRONRIDGE 29 MAY 2018 ANNOUNCEMENT/RNS: "GHANA LITHIUM PROJECT-DRILLING UPDATE.******
Link: https;//
www.ironridgeresources.com.au/aim-announcements/
"CENTRAL ZONE EWOYAA project, Ghana, West Africa"
"FIRST 9 HOLES: Continuous 130M pegmatite interval from surface at Hole GRC0004" See details for GRC0007 & 8.
"Interpreted TRUE pegmatite THICKNESS between 20m-60m intersected OVER 140M VERTICAL DEPTH & >300M STRIKE LENGTH in current drilling within the central zone and OPEN IN ALL DIRECTIONS."
"Suspected spodumene mineralisation intersected in pegmatites as well as potential lepidolite [lithium rich mica]
"130M OF CONTINUOUS Visible pegmatite FROM SURFACE in RC drilling is a VERY SIGNIFICANT drill intersection, not withstanding multiple additional visible pegmatite intersections including 62M & 40M in 1st 9 holes drilled."-Len Kolff, Chief Geologist of Ironridge.
"Assays sent to lab, assays expected within NEXT 2 MONTHS."
"With assays pending within the next 2 months and the HIGH GRADE SURFACE TRENCHING results reported previously including
[email protected]% Li20 [incl 40m @1.93% and 15m @2.18% Li20] WE EAGERLY AWAIT RESULTS."
"THE 1ST PHASE 5,000m drilling programme is ongoing, assessing Southern and Northern zones of Ewoyaa project and is expected to be COMPLETED within the coming months. See Fig 2,6 & 7"]
Ironridge share price 28.3 British pence. Mkt Cap £72.90 million. [High38 pence, Low 29.5p].
Note: Breaking off to post before I lose the data. Once it is printed out, then I will post the 2nd part [short].
Please check as there can be typo errors. DYOR
Sol1, Mon 18 June 2018.
(20min delay)
