Post by
garland on Aug 31, 2022 11:34pm
analog to pmet
The Kraken pegmatite swarm has a long way to go to even get close to Pmet but there are some elephant tracks out there. This is my list of key indicators leading toward that Conclusion :
- good grade lithium as high as 2.73% with 11 rock samples greater than 1.0% lithium
- the known immediate trend ( drilling and rock sampling ) is approx. 3.0km long
- historical data ( additional pegmatite occurrences) suggests the trend could be 6.0km long following an extensive fault system
- Sic has staked almost all of that ground ( very large property!)
- the discovery hole found 8.4m of 0.94% lithium
- Sic is waiting on 13 drill holes ( 2400m) - all from the East dyke swarm ( 600m east of the -discovery hole)
- one drill hole contained a pegmatite dyke of approx. 27m thickness ( which is getting there)
- drill hole GH -22-15 looks impressive - very high density of spodumene crystals suggesting much higher grades are possible. (4.0%?)
- 700 core samples were sent to the lab ( suggesting lots to look at and lots to wait on)
As I said earlier , IMHO Kraken is in it's infancy ! Kraken is where Pmet was a year ago .Pegmatite dyke swarms usually contain innumerable dykes and dyke complexes covering a large area .Lets hope at Kraken the sheeted dykes are stacked and folded upon one another leading to a massive thickness similar to that just announced from Pmet. Whatever Sic uncovers, it will only add significant value to Sic on top of the already impressive Moosehead project!
( IMHO SIC is ridiculously undervalued!)
Comment by
Maxmoe on Sep 01, 2022 12:10pm
I remember when Robert friedland, billionaire, was looking for diamond drilling targets by helicopter in Labrador. Or so the legend goes. Landed near an interesting outcrop. BAM! Diamondfields resources inc found the voiseys bay nickel deposit worth billions. Who knows, maybe Tim finds a giant lithium deposit while looking for gold.
Comment by
Maxmoe on Sep 01, 2022 12:12pm
Though, it would be nice to see some more high grade drill results from the gold prospects
Comment by
Maxmoe on Sep 01, 2022 1:06pm
Financial results are reported quarterly, not monthly. So a single point in time number will not change one month to the next unless the quarterly result is updated during that month. 1 in 3 chance.