Harfang Exploration Inc V.HAR

Dec 26 News Release: kind of a northing burger?

[geolteacher]

To me today's news release is kind of a nothing burger.
Anyone see it more optimistically?       

• I infer that 0.33% LiO2 was the eight-highest of 144 pegmatite grabs.
• One figure noted that one of the  pegmatites was spodumene-barren.
• The only reported estimate of pegmatite true width was 5m.
• The 25-ish degree reported dip of the dyikes might inhibit cost-effective mining.

A few of the Ta, Be and Cs results are tantalizing, but may not indicate enough biproduct credit to overcome what hints to me so far of an insufficient volume of or rock at an insufficient concentration. 

The per-meter result of the 20m channel sample is interesting. The Li distribution is not uniform so I infer the pegmatite there represents several phases of intrusion/formation.

If I were the exploration manager [for the Li program] I'd propose about 300 m more of channel sampling across pegmatites #1 and #2 as soon as possible in spring, and plan to drill in fall, if new channel results were good.