ESS 4.55% 10.5¢ essential metals limited

The Half Yearly Report shows good control of capital and...

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    The Half Yearly Report shows good control of capital and confirms positive moves for going forward. This month of March is a good one for some proving results and information.
    The four business units if you like, for current processes are:-

    • The Pioneer Dome Lithium Project in Western Australia, encompassing the caesium bearing Sinclair Zone.
    Results from the diamond core drilling are expected to be available by early to mid-March. These will feed into detailed pit design work. This will include events where other pegmatite minerals (including lepidolite and microcline) are extracted.

    • The Golden Ridge Project in Western Australia.
    - Bench Test for Cobalt, - Further Drilling for Ni Sulphides ongoing. 16 holes already intersected significant cobalt mineralisation. Wait and see with a lot of interest here.

    • The Kangan Gold Project located in the Pilbara, Western Australia.
    The Kangan Project is located 80 km south of Port Hedland in the emerging western Pilbara gold precinct of WA.
    – polymictic conglomerate identified in the field at this location over an 800m strike length
    – Adjacent anomalous soil geochemistry and rock chips recorded in Technical Reports by previous explorers.
    During the December Quarter, we are told Pioneer continued its review of the Project’s gold prospectivity, which has delivered highly encouraging results, and two reconnaissance site visits have reinforced the project's prospectivity for gold and lithium.
    Wide-spread gold anomalism was confirmed by Pioneer sampling within the south-western and northern tenements of the Project area, allowing the Company to conclude that the Honeyeater Basalt is prospective for orogenic gold. Limited outcrops of polymictic conglomerate have been mapped.
    It could be considered as prime real estate at present and is being probed by a geology and prospecting team at times and company also seems to be waiting for any nearology success to add value to their project. We await more information on this one as an interesting hold

    • The Mavis Lake JV Lithium Project in Canada

    Mavis Lake Fairservice Pegmatite 6 Prospect, nine diamond core holes for a total of 1,591 metres. ​
    Seven of the nine holes drilled intersected significant mineralisation, including multiple wide intersections of spodumene-pegmatite that have greatly enhanced the Project’s potentiality.
    “Mineralised drill core has been sent for analysis, with results expected by the end of March 2018 whereby International Lithium and PIO ( JV) will further update the Market and describe plans and meaning for future drilling, Mineralisation had not been closed off on last advice.
    …..

    A bit to look forward to for all for an upturn. Others may be able to add more.
    DYOR
    Last edited by Cheynne: 02/03/18
 
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