La Lola, Sonora
A 5 km vein, up to 40 m wide, that has never been drilled.
1,183 ha
in northern Sonora
100%
option to acquire
5 km
La Barra vein strike
up to 40 m
vein width in outcrop
Overview
La Lola covers 1,183 hectares in the Sierra Madre epithermal belt of northern Sonora, the same belt that hosts the Santa Elena, Mercedes and Las Chispas mines. The property is anchored by the La Barra vein, a 5 kilometre structure that reaches up to 40 metres wide in outcrop. Bladed quartz after calcite, fluorite and mercury pathfinders indicate that the top of a low sulphidation system is preserved. Multiple secondary vein zones and historical workings have not been tested at depth. La Lola has never been drill tested. The property is held under an option to acquire a 100% interest from Heliostar Metals.
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Comparables
Company | Market Cap. | Project Name and Location | Resources and Reserves |
|---|---|---|---|
Rio Tinto | n/a
| Jadar, Serbia
| 85.4 Mt @ 1.76% LiO2 and 16.1% B2O3 (Ind.); 58.1 Mt @ 1.87% Li2O and 12.0% B2O3 (Inf.)¹. |
Ioneer Ltd. | AUD 510 million (12 month high of AUD 925 million)
| Rhyolite Ridge, CA
| 146.5 Mt @ 0.35 % LiO2 and 4.56 % B2O3 (M+I+I)².
|
5e Advanced Materials Inc. | AUD 214 million (12 month high of AUD 969 million) | Fort Cady, CA | 74.3 Mt @ 0.076 % LiO2 and 4.15% B2O3 (M+I); 96.9 Mt @ 0.069 % LiO2 and 4.75% B2O3 (Inf.)³. |
¹ Rio Tinto updates Ore Reserves and Mineral Resources at Jadar, Notice to ASX, 23 February 2022.
² IONEER USA Corp. Rhyolite Ridge Lithium-Boron Project Definitive Feasibility Study (DFS) Report (Li2CO3 and H3BO3 values converted to LiO2 and B2O3).
³ 5e Advanced Materials Inc., Form 8-K, May 11, 2023. Commission File Number 001-41279
