Prem15 Feb 2023 19:36
Just a reminder about the potential of our EPO.
As Snowking suggests, other ground MAY become available as other EPO holders relinquish claims.
We will shortly be 2/3rd through the original order timespan, no doubt George will apply for an extension for a further 3 years. Other companies may have quit, found that the ground is not viable, not able to secure finance, etc, etc
20 EPOs were granted.
This is an extract from the EPO RNS;
"Besides the Zulu Lithium, Caesium and Tantalum ("LCT") Pegmatite), the EPO area has two other main LCT showings, the Deep Purple pegmatite veins and the Altyr pegmatite veins. Deep Purple is situated some 5km south-east of Zulu, Altyr is situated some 12 km south of Zulu. The first showing is small but according to the Bulletin of the Geological Survey (1969) is said to contain remarkably high lithium, caesium, tantalum, and beryllium grades. Altyr is somewhat larger and contains visibly identifiable amounts of spodumene, petalite and lepidolite, the three main lithium bearing minerals of economic interest.
Further to these, there are many more small lithium bearing pegmatites sub-outcropping north, east and south of Zulu. None of these have ever been tested to determine whether they are part of large pegmatite bodies. Particularly the eastern two-thirds of the EPO are mainly flat and covered by a thick layer of soil that makes any visual identification of lithium bearing pegmatites impossible. Only systematic exploration of the EPO will help to discover more pegmatites of economic potential.
According to the geological interpretation of the EPO, Premier believes based on its own interpretation that LCT pegmatites could occur over a strike length of 24km, i.e., over the whole length of the EPO. Gold
The most western part of the EPO is underlain by a small part of the so-called Fort Rixon gold belt where industrial gold mining took place since the late 19th century. There are more than 100 small to medium sized gold mines in this belt, none of them have been mined on an industrial scale since the 1960s. However, artisanal gold mining is carried out by the local population at many of these mines.
Besides an unknown number of new sites of artisanal gold mining and according to the Bulletin of the Geological Survey (1969), the EPO is known to host at least 6 old gold mines: "
Acker
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