Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Excellent posts Rocktapper, thanks.
You're not wrong!
At your lofty age it's probably just the loo calling....x
p00rman i get a feeling in my loins every now and then. Call it intuition!!
How can you be so sure Westie?
Let's take a wild punt and say sometime this year. That should cover it
I would have said monday but since youve said tuesday im not so sure now. Maybe wednesday.
Oh i've never known p00rman to be wrong yet!!
Rocktapper - thanks for your thoughts, much appreicated.
rock thank you for that summary. May I ask are you based in the UK and what is your career/background
Right, who on here can tell Harry when the next RNS will be...and it must be someone he trusts!
No :)
Don't you trust me Harry.....?
When they get the results back from the lab for samples from CHDDE004 which were no doubt above the detection limits of the initial assay method!
Other than that, generally the results RNS's are dependent upon the progress of the drilling, the time it takes to log and cut the core and then send it to the lab for analysis, and then the lab to analyse and report the samples. Then for the geologists and management to make their interpretations. The mining industry overall is looking at ways of trying to speed this process up by things like sampling/analysis at the hole but it's complicated, more expensive and taking time to implement more widely.
What makes you so sure haha?
Tuesday....next RNS most definitely Tuesday....tell your chums....spread the word
Nothing mentioned about cobalt either, even though its price has dropped recently to c. $28k/tonne from $80k+ last year, it could still add usefully to the cu eq grade.
and when would you expect the next RNS?
ARCM are currently drilling just outside that 'mapped' subcrop and are hitting thick (in the order of magnitude of 25 metres) and relatively high grade ( 1 - 2%) mineralisation at less than 70 m depth. This is hugely encouraging.
By way of an example of’ order-of-magnitude’ estimation of potential and using assumptions based on the current drilling, if one was to assume the area covered by the current drill from CHDDE002 (I'll exclude CHDDE001 for now) extends down to the southeast up to the limit of the current XRF soil anomaly shown on the infill map; and then a polygon is formed by taking a line down dip along the limit of the anomaly as far as the limit created by CHDDE007 and then back up to parallel to a point southeast and along the line of CHDDE002, you generate an area of around 300,000 square metres. If you can picture this projected downwards and dipping slightly (?to the southwest, where it would technically become a greater surface area):
Based on the intersections so far, if we assume:
25m thickness of mineralised material;
Material specific gravity (SG) ˜ 2.9
Tonnage (area x thickness x SG) ˜ 21.75 M tonnes.
If we conservatively look at the grade and assume that to be about 1% Cu for the 'main' 25m thick unit in this area:
˜ 217.5 k tonnes of contained copper in-the-ground (or a ‘value’ of around US$ 1.283 billion at US$ 5900 / tonne Cu).
All that mineralised material is well within 100m of the surface. The area I delineated is only a part of the area covered by the Cheyeza East soil anomaly and extrapolated around the current drilling. You only need to go find another four similar areas within the Cheyeza area alone and you could be looking in the order of around 1 M tonnes in-the-ground contained metal ‘resources’. I can see why the RNS suggested there was going to be more infill soil sampling (e.g. needed on Cheyeza West) to further refine the targets as the 'original' soil geochemistry map is low resolution (too poorly defined).
The company has the potential problem of having to deal with too many targets or rather the eventual size of them! It's a nice problem to have though. I would say that assuming nothing goes wrong, there is significant potential for the eventual development of several mines from these targets.
Finally, Kansanshi contains low grade gold (0.12 g/t). I haven’t seen any information regarding whether ARCM are analysing for gold at Cheyeza or whether or not it is likely to be present in the system…