Post by
GUNSS on Jun 21, 2023 10:48am
Avalon reported 565 m @ 1.51% Li2O on June 1st...
I've been waiting 20 days for someone to comment on Avalon's June 1st press release regarding its latest drill results... Here's a quote from that PR,
"Drill hole SR23-93 was drilled vertically to test the depth extent of the deposit. This hole was terminated at 570 meters due to weather constraints and the start of early Spring breakup. SR23-93 assays returned 1.51% Li2O over 565 m (drilled width, not true width) confirming the previous report of visual petalite mineralization to depth. This extends the depth of the deposit by 249 m from the previously reported deepest intercept at 315 m. The grade of the lower half of hole returned 1.48% Li2O over 244.5 m (from 321.6 m to 566.1 m), indicating that the mineralization continues at a virtually identical grade to the current mineral resource estimate grade."
I track hard rock Li drill hole intervals from around the world via a [meters x Li2O grade] calculation. Frontier Lithium ranks at the top of the list with 398 m @ 1,88% Li2O = 749 [m x grade]. Patriot Battery Metals' best interval is 157 m @ 2.12% Li2O = 333 [m x grade]. But, then comes Avalon's 565 m @ 1.51% Li2O = 853 [m x grade] !?!?!
So, is there anything about Avalon's (vertical) drill hole that makes it an apples to oranges comparison with the best intervals in the world (Frontier's & PMET's)? Or, did Avalon report the single best Li interval ever drilled (as far as I know of) at 853 [m x grade]...
If this interval compares apples to apples with the rest of the pack, why isn't anyone talking about it? Any thoughts? Thanks!