This map with Alba our neighbor says it all. V.AA has an inferred LI resource shown here. The stars in the map are there drill holes which were all less than 50 foot deep. They have 96000 tons and are currently at 26 cents and have been in the 40s. They are in the same North Easterly Li trend as us but we have the motherload on the Dean.
They are currently drilling again as well.
Sandy MacDougall, Chairman and Director, stated: "We are very pleased to be increasing Alba's ownership in this project by 25% to a total of 50% after the encouraging results from the recently published NI 43-101. We are progressing well and particularly pleased with results given the small 5-acre footprint explored out of a total of 12,920 contiguous acres. This is less than 1% of the total land package."
The report, which is available on Alba's website, includes a detailed review of the exploration work completed to date, an inferred resource estimate, and recommendations for the next phases of work. It also identified an Inferred Mineral Resource of approximately 17 million metric tonnes at a grade of about 1,060 parts per million lithium, which equates to 96,476 metric tonnes of lithium carbonate equivalent.
It is interesting to note that earlier this week, Cypress Development released results from two holes on their nearby property, with hole DCH-13 reporting an intersection of 107 metres of 1,134 parts per million lithium, one of the longest and higher grade drill results from the property to date as Cypress continues to expand the lithium mineralized zone. Management of both Alba and Noram were pleased to see these results, as the Cypress drill hole is adjacent and along strike to the Alba & Noram claims.
Read more at https://www.stockhouse.com/news/press-releases/2018/01/12/alba-minerals-increases-ownership-of-clayton-valley-lithium-property-to-50-with#YjJdcCdB2T6M5WmY.99 