Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Geology and Geochemistry of Tertiary Volcanic Host Rocks, Sleeper Gold-Silver Deposit, Humboldt County, Nevada
https://pubs.usgs.gov/bul/2090/report.pdf
My drilling pals said ground conditions are very good...
And they’ve just sent me a very interesting Humboldt County Nevada Government Link .
What the hell, it’s blue. I’ll take it
Brilliant Min Thanks!
There may be some good news with the drilling conditions (Im no geologist so please dont quote me on this lol) Approx first 200ft of drilling is Tertiary Volcanics before hitting the harder Cambrian Sediments. I hope we do have a geologist amongst us to verify my statement lol.
Cambrian Period, earliest time division of the Paleozoic Era, extending from 541 million to 485.4 million years ago... So im pretty sure its going to be fairly compacted lol
However, RC drills carry two big limitations: RC samples convey very little structural information and RC drills can’t go as deep as diamond drills.
Diamond drilling is more expensive. A typical diamond drill program probably costs north of $200 per meter, depending on the rock type, the expertise of the drillers, the drill location, and much more. It can also be painfully slow. Grinding through the rock and recovering a complete core takes time and issues often arise. It can take hours or even days to pull up the entire rod string to change the bit when it wears out.
I also told you that “Falcon “ were very innovative and they have in fact about 25 to 30 different types of drilling machines which they have thought up to which they think will suit every occasion.
Even down to one able to work from a Helicopter which can also deliver water to the drill of which Diamond Drills need plenty of.
When the Drill Cores are complete and out of the hole they are spilt in two down the middle.
They are then put into 2 separate boxes which are properly sealed with a lead seal and sent of to the analyst for proper stand up information which the Stock Market will take full note of.
The other half are treated the same and retained by Sunrise Resources for us to retain which ensures no fiddling.
One good point here is that PC really knows his stuff and may be able to out a news item at that time, this I think could be the middle to the end of this month.
I hope some of you find this information useful and answer a few queries which you may have.
I’ll explain more what’s happening here over the weekend with Falcon about the drilling the costs and time involved .
Have a great weekend.
So a 600ft hole, which is 182m, surely can't take that long. Wonder if they'll drill further if the pipe looks good.
Cheers Min. I might have another wee top up Friday.
Secure my buys at this level. Im quite happy to pay this price which is lower than fund raiser price.
If it goes lower, Amen (so be it)
Hi I know all about Falcon and they are great innovators and for over 30 years they have designed rigs to drill in any location.
They even devised one that can be landed in In assessable
mountain Areas .
In theory all PC needs todo is drop Falcons
drill Rig exactly over where the other drills were done, cos in my opinion the other results with a Percussion drill were pretty amazing.
As PC is starting tomorrow perhaps he’s got the same idea as mine.
From start of drilling to getting an update RNS could be before the send of November.
Hi Min. That's a very good point you make about the cost of diamond drilling. PC must think its worth it.
Do you or your mates know anything about Falcon? They seem like a very professional outfit.
https://falcon-drilling.com/
Thanks Mineralex that's pretty informative. Better than a lot of the posts yesterday just dismissing the metals drilling without really explaining why.
From yesterday’s RNS.
Clayton Silver-Gold Project, Nevada USA
· Drilling contract signed - drilling to start on or around 29th October.
· Drilling to follow up historic exploration where a number of holes ended in mineralisation or did not reach the target depth e.g. CL-15 which intersected 7.6m grading 4.8 ounces/ton (165 grammes/tonne) silver from 82.3m depth to the base of hole, ending in mineralisation.
· Historic grades were reportedly understated due to loss of fine silver-bearing sulphide minerals during previous percussion drilling programmes.
If those results were gained from Percussion Drilling that was fantastic .
This time PC is doing diamond core drilling which when it comes out of the ground it’s put into security type boxes and sent to the analyst .
Drilling starts tomorrow., 29th.
Please do your own research on these types of drilling the Diamond one can cost 4 times the original way this was done. Ok