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Asked AI Pro what might be meant by the presence of a thick zone of anomalous sulfidic shales. Answer -
‘Based on the information provided, it seems that there has been limited exploration conducted so far, but the results are positive. The presence of a thick zone of anomalous sulfidic shales in both holes is seen as a confirmation of the overall exploration model for a major sediment-hosted system.
This suggests that there may be a significant deposit or deposit potential in the area being explored. The sulfidic shales likely contain high concentrations of sulfide minerals, which often serve as indicators of mineralization. These minerals can include valuable metals such as gold, silver, copper, or zinc.
However, it's important to note that further exploration and analysis are usually required to fully understand the extent and economic viability of the mineral deposit.
I have been following Blue Orca’s (Blue Orca Capital) twitter feed as I suspected they might release further ‘fake news’. So far only the original posts from 2 days ago have appeared. Let’s hope it stays that way! I have held firm but like all of us have had a torrid few days. To my knowledge no one has yet commented on the video they released 3 days ago and, although painful, it shows that the shorting attempt on PLL is quite sophisticated and not as amateurish as some imagine it to be.
https://www.zer0es.tv/big-announcements/corruption-in-african-lithium-mining/
Apropos previous discussion regarding options. Up pops DAVID LENIGAS in today’s RNS. Wishbone has signed an exclusive 90 day option to acquire the Anketell Project and has agreed to pay the vendors an option payment GBP25,000. Wishbone has already commenced due diligence on the project and will complete this during the 90-day option period. Assuming that Wishbone proceeds to acquire the project, Wishbone will pay cash consideration to the vendors (being Mining Equities Pty Ltd and David Lenigas) of GBP50,000 and issue the vendors 2,170,795 new ordinary shares (Acquisition Shares) at a deemed issue price of 14.75p being the mid-market price yesterday when the deal was agreed. This equates to GBP320,192.26.
I was hoping that drilling may have started on Red Setter before now. ?????. From RNS - “Top Drill Limited have been appointed as drilling contractor and with Western Australian borders having opened on 3 March, and the wet season coming to an end, will be in a position ?? to confirm the start of drilling shortly. ??”
Drilling is proposed to re-start ?? at Red Setter on previously cleared drill sites, and then continue to the newly cleared areas.
https://twitter.com/rpoulden/status/1472659825763004427?s=21 December 19, 2021 - Richard Poulsens twitter - “ Rig on site at Red Setter for @WishboneGoldPlc #WSBN Stopping for Christmas but continuing next year. Many thanks to all our supporters. Here's hoping for a great New Year for you all!”
https://twitter.com/wishbonegoldplc/status/1492538351324479489?s=21
Commenting, Vincent Mascolo, Chief Executive Officer of IronRidge, said:
"I am delighted to report the strong support from our shareholders for the resolutions put forward at the AGM held earlier today. The Company's name change to Atlantic Lithium, which will take effect in the coming days, is a reflection of our new strategy on lithium, with the development of our Ewoyaa Project in Ghana our key focus. This coincides with the demerger of our gold assets into a new entity, Ricca Resources, to fully realise the value of our Cape Coast Lithium Portfolio within the Atlantic structure.
"Additionally, shareholders will benefit from the approved demerger of our highly prospective gold projects throughout Cote d'Ivoire and Chad into the separate entity called Ricca Resources. Shareholders and investors are reminded, if you wish to partake in the Ricca Resources gold demerger, to avoid disappointment ensure you are on the IronRidge register on Friday 19 November 2021.
"I would like to thank our loyal shareholders for their continued support, and I look forward to giving further updates on Atlantic Lithium in due course."
For information - Corporate Action extract from Halifax Share Dealing. As the Ricca shares will not be listed on a Recognised Stock Exchange, they will not be eligible to be held within an ISA product. Should you hold your IronRidge shares within an ISA, any Ricca shares to which you are entitled will be moved to your Share Dealing account upon receipt. If you do not have a Share Dealing Account, we will arrange to open one for you.
Please be aware that the Company has also announced proposals for shareholders who are entitled to receive Ricca shares in the Demerger, to also receive a priority offer to participate in a pro rata Rights Issue by Ricca. Once we have received more information in relation to the Rights Issue, and should we be able to participate in the event, we will communicate to those entitled.
MINERAL COMMISSION"S REPLY TO THE SPECULATION OF $150b
The attention of the Minerals Commission has been drawn to a statement and a video in the public domain on the discovery One Hundred and Fifty Billion Dollars’ worth of lithium in Ghana. While Lithium has been discovered in Ghana, the quantity and other information contained in the statement and video are false and misleading.
Barari DV Ghana Limited (Barari), a wholly-owned Ghanaian company which holds a prospecting licence for gold, lithium and other minerals, discovered lithium at Ewoyaa near Saltpond in the Mfantsiman Municipality of the Central Region. Barari operates through joint venture with Ironridge Resources Limited (Ironridge), an Australian incorporated company which is listed on the Alternative Investment Market (AIM), a sub-market of the London Stock Exchange in the UK.
The discovery made by Barari/Ironridge still requires further exploration before a feasibility study can be undertaken. Consequently, all activities of Barari/Ironridge at this stage are purely for exploration.
The Commission has not recommended the grant of a mining lease, nor has the Minister for Lands and Natural Resources granted a mining lease or authorization to Barari/Ironridge or any company whatsoever to mine or extract lithium in Ghana.
In view of the above, the general public is hereby informed as follows:
1. Ironridge has not been granted a mining lease to mine lithium in Ghana therefore the statement in the public domain that Ironridge has been granted a thirty-year mining lease, renewable for another thirty years, is false;
2. There is no tax holiday under the fiscal regime for mining in Ghana and no such waiver has been granted to Ironridge;
3. Ironridge has not submitted a feasibility study or report to the Commission which has defined or delineated lithium reserves in Ewoyaa to be worth US$150 billion; and
4. Ironridge is not registered as an entity or company operating in the Free Zones.
The Commission wishes to remind the media and the general public that the Minerals Commission is available to provide information on all mining activities or operations in Ghana and the public is advised to seek clarification or verify such information with the Commission before they are made public.
Martin Ayisi
Acting Chief Executive
Minerals Commission
Source: Minerals Commission
As far as I am aware this is not a private group and anyone can join this group on Telegram.
https://t.me/ironridge