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Imagine Lithium Inc. V.ILI

Alternate Symbol(s):  ARXRF

Imagine Lithium is an exploration company advancing its Jackpot Lithium Project in Nipigon, Ontario. The project has a historic resource of 2M tonnes at 1.09% Li2O and 750kt @ 1.38% Li2O. The 2022 drill program was to increase the size of the historical resource. The results of the 2022 campaign will be combined with the extensive historical data and included in a first resource estimate in 2023. Imagine has launched a property wide exploration program on the ~18.8k ha Jackpot project.


TSXV:ILI - Post by User

Bullboard Posts
Comment by aucuon Oct 26, 2016 9:05am
56 Views
Post# 25386547

RE:JMC

RE:JMCHi JMC,

The term "proven resource" is specific. Up to this point on Electra there are only individual samples. One would expect further work to define drill targets then drilling with results that may be used to define a resource be it measured , indicated or infered then eventually this might be upgraded to a reserve in the proven or probable class.

This is how prospects evolve under NI43-101 regulations.

Having said that I like what I've seen so far and will be waiting for upcoming news.

GLTA 
Bullboard Posts