Tantalex Lithium Resources Corporation C.TTX

Update yesterday from AVZ

[lotsofcash8]

AVZ Minerals Ltd's (ASX:AVZ) (OTCMKTS:AZZVF) (FRA:3A2) Nigel Ferguson tells Proactive's Andrew Scott they've received further high-grade lithium and tin mineralisation from its mineral resource drilling at the Manono lithium and tin project in the Democratic Republic of Congo. It drilled 203.3 metres at 1.59% lithium and 1,014 ppm tin from pit floor ‘wedge’ at Roche Dure. The assay results come from the first four of nine planned diamond drill holes at Roche Dure in previously undrilled areas beneath the historical pit, which were inaccessible and underwater during the earlier resource drilling programs.

[BearBull007]

How close is AVZ's drilling site to that for TTX's in the Democratic Republic of Congo? Thanks.

[Yucatanman]

Do you understand the play on TTx? Avz is basically drilling in the old pits, previously mined . TTx has rights to the tailings dumps from those same mines. So they are very close, same property, Avz is drilling hard rock and Ttx is air core drilling into old tailings dumps.

[Yucatanman]

Tailings dumps are discarded material previously mined and milled, so its easy pickings, basically sand and gravel, no blasting required etc. Mineable with an excavator. So if the recovery results of the previous mining activities wasn't able to get out all the minerals and wasn't focused on lithium, they would have a very simple process to extract them today with more modern methods

[BearBull007]

Thanks lotsofcash8 and Yucatanman for the info! I’m new to this stock and just seeing what insights I can gather here. I will also do my own DD. Thanks again.

[Yucatanman]

You're welcome, the tailings dumps are basically AVZ's property, which they hold the license to drill and mine, somehow TYx secured rights only for the tailings dumps which was a separate licencing, we are talking a few years ago with different management Avz and TTx had a falling out, disagreement, some legal battles, but the license for the old dumps is a different jurisdiction than a

[Yucatanman]

Excuse my fat fingers typos..TTx... not Tyx

[BearBull007]

Thanks to those fat fingers for brining me up to speed :-)

[Yucatanman]

Sorry, I meant that the tailings dumps are on AVZ's property that is a mining licence, but the dumps themselves are TTx's property, hence the previous sh$tshow!

[Yucatanman]

Its like the rise of the Phoenix from the ashes if you will.

[BearBull007]

Seems I have a bit of cacthing up to do. Are there any preliminary results/insights from TTX that seem promising or is AVZ's findings the only indicator for now?

[Yucatanman]

Previous research shows 40-50mt grading 1%+ Li. I believe that information is in the presentation

[1goldfarmer]

Yup thanks Yucatanman. I learned something...I will buy in tomorrow...