Post by
HHHAPPY on Oct 21, 2021 8:20am
Many decades ago, I lived in Fort William, now part of
ThunderBay.
The mill planned by Roch Tech will need significant levels of lithium to justify the mill's costs. ILI already has stated
they have a lithium resource of 2 million tons at around 1% lithium already on the property, so now the goal is to expand that resource with lots more high-grade ore.
"J.C. St-Amour, President of Infinite Ore commented, "I am very pleased that we have identified pegmatite dykes outside the known Jackpot historical deposit area. These dykes appear to have extensive strike length and represent excellent targets for follow up exploration."
St- Amour continued, "Our ground crew also investigated and sampled other areas on the property where additional pegmatite dykes were identified and need further investigation. Pegmatite dykes tend to occur in swarms and given the area has a thick overburden there is excellent potential to discover numerous other mineralized pegmatites, leading to additional drill targets. Our goal is to get aggressive on exploring the Jackpot project and to identify the lithium potential on this highly prospective package."
My friends who still live in ThunderBay say there is much feelings of success of this project and that ILI has the potential of finding significant additional lithium deposits on their holdings!
We can only wait and hope they are right!
Comment by
GoodAtCharts on Oct 21, 2021 9:45am
Thanks for the info- have a good feeling about ILI- they have a good resource there already and a lot of the boxes are ticking off nicely
Comment by
woodwise on Oct 21, 2021 10:29am
Yes, Rock Tech will have to purchase more lithium to satisfy the needs of the facillity they are to build. ILI's property is in the perfect position to supply their needs.