GC - CLAIMSFew thoughts...
- white lines - pegmatites inline with lake
- pastey white lime quartz, - most likely = lithium
- pegmatites intruded from below
- lake could be former cauldren
- far off distance, yellow oval another grey rock
outcrop with - blushing reds and greens. a good 70m
in strike based on 10m height trees.
- dotted yellow lines surround the pastey white pegmatite dykes.
- not a perfect halo, but i'd say halo formation surrounds
the pegmatites
- lake = center point cauldren
- pegmatite swarms
- then outlier halo of, grey rock + feldspars
LOWER IMAGE
- good news.... that's a ( measuring tape )
- Geo was on mark.... grey rock with, reds and greens.
- white cicle = high odds this was the - rubidium rock chip
If we pull forward the assayed rock chip values,
I'd make that bet and say...
Pastey pegmatites = lithium values
Outlier greys was where the high values of, rubidium.
If i'm at all correct...
Measuring tape, rock chip ( geo was on target )
= Geo knows what geology hosts the high grade rubidium.
Recent spot prices for rubidium metal have ranged from $36.00 per gram up to US$130.00 per gram (US$1080 to US$3640 per ounce) depending on purity. HYPOTHETICAL
what if.... mgx maintained 0.036% Rb and the far off
oval outcrop ( 70m ) had the rubidium ?
There appears red and green hues in grey rock.
Let's crunch a few numbers
using a very small constraint
like, really small, shallow near surface
how fast could the Rb ounces stack ?
70m x 20m x 20m depth x 2.6 ore weight
= 72,800 tonnes
x 0.036 % Rb
= 26.2 - tonnes Rb
x 2200 lbs ( in one tonne )
= 57,640 lbs
There are 12 troy oz in 1 lb
57,640 lbs
12 oz per lb
=691, 680 oz
x
current Rb per oz spot price Hey... they only need a small showing with decent Rb
percentages to rack the ounces up fast.
Not investment advice.
My posts could be reading the data all wrong,
but then again, my assesment - could be bang on.
If my pointing out of measuring tape and rock chip
are correct, along with oval yellow circle outcrop
( grey, reds, green ) and if junior veers from the chalky peg's
Then.... could get very interestinh.
I'd be reformatting the drill program.
2000m drill meters
40 holes 50m each
Amass a measured deposit right from, first drill ( progrms )
make up for lost time....shareholders have been waiting
too long.