Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
From Composite 1: 3.1 grams of gold were recovered from 49.2 kg of sample (dry weight), equating to a back-calculated head grade of 89.15 g/t or 2.87 troy ounces per tonne (oz/t).
From Composite sample 2: 3.2 grams of gold were recovered from 34.4 kg of sample (dry weight), equating to a back-calculated head grade of 111.63 g/t or 3.59 oz/t.
From Composite sample 3: 4.0 grams of gold were recovered from 36.9 kg of sample (dry weight), equating to a back-calculated head grade of 133.73 g/t or 4.30 oz/t.
"These are extraordinarily good results from No.4 Level. Whereas most gold projects measure results in grams per tonne, these grades can be measured in ounces per tonne.
"We always knew there was serious potential for finding high-grade gold at Clogau. But after all the challenges we have faced over the past few years in gaining access to our No.1 target within the mine, to now have that high-grade potential finally confirmed by actual results is extremely heartening. We now look forward to the forthcoming bulk sampling on and below No.4 Level with a great deal of confidence and no little excitement."
Thank you for the feedback from those attending last night. We were warned that nefarious games would play out with such an important discovery and some of the underhand tactics are coming to light. Very interesting post from TLBLDN concerning the orchestrated trolling from a small group using multiple accounts. Reading back through last night's posts without filter applied, it becomes clear which accounts were spouting FUD and attacks on the company. As if we didn't know!
The discovery and development are on course, despite unforeseen delays and hindrance. Kudos to Paul for steering the ship through troubled waters. We will all reap the benefits.
"The Phase 1 rigless testing programme has confirmed our long-standing plans to use Sandjet to better target a number of zones of interest identified by the NuTech petrophysical interpretation. The presence of potentially deep formation damage caused by heavy drilling mud has re-confirmed the necessity to test these zones for which the wireline logs are likely to have been impacted by the invasive drilling mud.
We are very confident that we can design the Sandjet testing parameters to extend beyond the zone of formation damage.
The analysis of gas collected from multiple levels whilst drilling MOU-3 is encouraging as it indicates gas from a biogenic origin with up to 99.57% methane content, which is ideally suited to a CNG development.
Planning activities to drill MOU-5 are progressing smoothly and we are encouraged by the preliminary results from the geochemical characterisation of the Jurassic section in MOU-4.
Resources estimates remain unchanged and there are no changes to available discretionary working capital to carry out the Sandjet testing programme. We are however fully aware that we need to flow gas from our main zones in the most effective manner after accounting for formation damage, and we have confidence in Sandjet achieving that objective."
Still early for test results, but I expect weekend FOMO will push the price up in anticipation of strong news incoming soon.
I see the green boxes are renewing their efforts so their puppet masters will be hoping to drive the price down to scoop some stop losses.
Holding long and strong. GLA holders
Looks like a manufactured drop earlier this morning. MMs and their troll minions playing silly boogers.
Lots of good info in this morning's release. It takes a bit of trawling through. Thanks to Keith and others for highlights.
Daily movements of 1p or less will soon be in the past. Full steam ahead, Predator.