From the write up. An unbelievable 7.42 million tons Li co3 AND THAT WOULD BE ONLY THE DEAN Project
ADD the Glory and
Cypress could have about
12 Million Tons Li 2CO LCE SQM/Lithium Americas Corp $13 26 11.7 Million Tons Li 2CO LCE we have less about half there outstanding share amount.
FROM THE WRITE UP This program proved to be a success and a solid confirmation of the sampling; these are the highlights:
- All lithium mineralized intercepts at Dean start at near surface;
- Explored portions of Dean Property averages greater than 1000 ppm Li (>0.53% Li2CO3 equivalent);
- Average Li mineralized thickness is greater than 220 feet;
- The thick, tabular zone of pervasive Li mineralization is considered to be open in all directions;
- Drill data to date outline a Li mineralized zone of 4 km x 2 km;
- Lithium mineralization appears to thicken and increase in grade towards the east.
This is impressive, as a mineralized zone with these metrics could account for 4,000 x 2,000 x70 x 2.5t/m3 = 1.4B tonnes of possible ore, containing 1.4Bt x 0.53% = 7.42Mt Li2CO3 or LCE. Such a hypothetical resource is close or even exceeding world-class deposits in all categories. Examples are brine projects like Cauchari/Olaroz (Orocobre 6.4Mt LCE, SQM/Lithium Americas 11.7Mt LCE), clay projects like Sonora (Bacanora 7.2Mt LCE) or hard rock projects like Whabouchi (Nemaska 4.06 Mt LCE), each of them being among the largest in their category. So, if Cypress would be able to conduct successful drill programs and prove up this kind of resource, it doesn't have to worry about size at all.