Post by
BlueChipper2020 on Mar 23, 2022 2:20am
New Video on Rock and Sock News
Good video and some highlights.
Tim was talking about how the Company has done very well on first holes. Moosehead of course in FY 2018 which was 12metres x 44gpt. Grey River first hole was the one with three intercepts in one hole including the high grade one. Then Tim stated the first hole on Golden Hope (lithium) will be out in about a week and he will wait for the assays but sounded very bullish on it by his description and his snickering about it [16:40 minute mark].
Grey RIver- Tim confirmed my post of about a week ago or so. Tim stated that yes, SIC has gotten better holes on their other projects however nowhere have they had 5 consecutive gold hits in 5 holes and not over such a huge area. The first 5 holes were reconnaissance drilling over multi kilometres and each hole hit. They will of course do follow up on hole 1 for sure. Drilling to resume at Grey River in May/June. Project could have multiple structures and Tim stated he has never seen anything like it. Owned 100% by SIC.
My view as stated previous. If you drill 5 almost random holes over such a large area and hit gold in each of them. what do you think lies in between? Lots of work to do here on this project.
Moosehead- 3 drills going. Lab delays on some pending assays. Do not look for any results per Tim for "several weeks".
Golden Hope- Different lab used for lithium play. Got a call from the lab and they expect to provide results on at least the 1st hole by about a week. Tim stated they should have something out next week. Lithium is a very hot commodity which has increased in price many times. Lots of talk about the geology. Tim stated that the 2% lithium is pretty good grade and 1% would be ore. In other words per my paraphrasing , 2% lithium is "ore grade" per Tim. Tim stated they are seeing in the drill core what "they wanted to see". They only tested a 5% fraction of the potential in this land package. Tim seemed very giddy about this project also.
My view- Based on what Tim stated about 1st holes above, I expect this 1st hole at Golden Pond to be solid. I cannot imagine it to be dissapointing based on what Tim said in this video.
I expect things to break out soon.
GLTA
BC