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Re: None

Thursday, 08/28/2014 9:41:53 AM

Thursday, August 28, 2014 9:41:53 AM

Post# of 89
This has been on a rip lately. Results of Phase II drilling, then new Technical Report with larger zone and resource upgrade will be catalyst beyond the levels.

They have had no issue financing. Nice converting of debt recently also. The results must look very good.

The drill program consisted of 1,500 m in seven holes targeting the Pakeagama Lake pegmatite. The objectives of the program are (1) to upgrade some of the resource to an indicated level, specifically some of the 1.17 million tonnes grading 3.44% Li2O in the technical/ceramic grade spodumene lithium zone (UIZ) with low inherent iron, and (2) to expand the resource which currently has a 265m strike length with an estimated width varying from 45 to 125m with a sub-vertical orientation. Samples are currently being processed and will be sent to the laboratory shortly. The assay results of all drillholes will be released once analyses have been reviewed and are subject to QA-QC review.

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