Tuesday, January 24, 2017 10:37:57 AM
3 points caught my eye
1-"Metallurgical testing will proceed in parallel with a drilling campaign planned for February 2017, with the aim of determining the best beneficiation method for the mineralized material and also obtaining the preferred commercial process of recovering specific metals. LIT and Alix consider efficient beneficiation to be of paramount importance in developing a commercial outcome for these deposits. LIT's experience in hydrometallurgical process development will be of great benefit in evaluating and testing the beneficiation process to lithium extraction and finally production of lithium carbonate and hydroxide."
It is important to relate this information to the agreement between LIT and AIX which has AIX holding a 10 % interest in the development of LIT’s patent to recover lithium from lithium bearing areas. Success would not only aid in recovering economic amounts of Lithiium but also proof the value of their patents and their technique for ALL lithium mining!
2-"The trenching in particular has expanded the Company's view of the size of the mineralization and has given us an enhanced target map for the drilling season"
Expansion of the size of the area bodes well, if yielding significant results, obviously will lead to greater recoveries of lithium that previously indicated.
3-"Proceeds of the financing will be used towards advancing the Company's lithium projects in Quebec. "
This reminds us that the Mexican exploratory work is being funded by LIT. The Quebec holdings are 100% owned by AIX . It is encouraging that AIX management continues to believe there is significant potential in the Quebec holdings.
We could have significant provable assays early in 2017.
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