Spoke with George.......... !!!!Seems all projects are going as planned............
1) Kibby drilling ongoing...........optimistic about brines that have been sent to lab...........as previous drilling encountered Li bearing clay zones..............this would infer leaching of Li into the aquifer.
As they are at the center of the basin............the collecting point for the drainage has been indicated by the geophysics.................so it's hurry up and wait !!!
2) Expecting more holes from Lonestar and starting work on resource update modelling for PEA
Also discussions started about further drilling to step out Lonestar as it has been a pleasant surprise to see such good mineralization extending further and with great high grade intercepts!
3) CBC assay results immenent.................once received will determine to follow up with more drilling or move to the High priority Porphery geophysical target at the north end of the CBC, in the fall
4) Geo's are working on re-interpreting the A-J drilling from last year to see where they may go next
I asked him if it was true that he was approached by other companies to sell BEA water rights...........he said he has recieved multiple inquiries......but will not even think about it right now as they are essential for any potential Li operation.....
......CYP in Clayton Valley..........paid 3 million for only half the water rights that BEA has...................so a minimum 6 million valuation could be ascribed to those rights.............not too shabby for a company with 4 million market cap !
GLTA