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April 27, 2024

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Beyond Lithium’s off-the-scale pegmatite hunt continues at pace

Mining isn’t always something one would characterize as ‘exciting’. Kicking rocks and climbing through brush isn’t what gets most people through the day, but what’s happening over at Beyond Lithium (BY.C) is getting as close to exciting as the rock business gets.

In short, they’re getting their hands dirty at pace, digging deep into a whopping 25 properties across Ontario. That’s over half of their total land package in the province, and comes to about 78,000 hectares, which also means there’s a lot more to come.

Why so many properties? Simply put, there’s no shortage of lithium out there in the wild. It’s the 25th most prolific element on the planet, and you can find it in ocean water and plants, albeit in trace form. Finding a property with lithium on it is easy enough – the trick is to find it at grade, and in decent enough supply, and in a way that’s economic to get to, so focusing on just one lithium property is really putting all your eggs into one basket. When you’ve got dozens of properties, you either get busy trading them away or you get busy figuring out which ones are the cherries.

What Beyond is doing is spreading their net wide, looking over an abundance of lithium patches to see which can really be the base for something big, which is what you do if you’re serious about being a lithium player.

As an example, since their last update in late May, Beyond has added ten more properties to their exploration list – ten properties in three weeks!

But what’s really tripping my trigger for this group is they aren’t just turning over rocks in fresh fields. They’re like detectives revisiting cold case crime scenes. They’ve got their senior geologist, arguably one of the best lithium detectives around, re-examining old drill holes, starting with one at their Sollas Lake property. They’ve got four more from another spot, Oneman Lake, on the docket to be checked out soon, and they’re also doing historic work and have found evidence of pegmatites in old drill logs going way back.

To keep up this momentum, they’re sending out more crews to the field to scout out more of these lithium-rich rocks in places like the Eastern English River, McKenzie Bay, and the Western English River districts.

They’ve already sent off some 290 samples to the lab for testing and are expecting to hear back any day now, and with over 450 old drill holes across fifteen of their projects, and another seven drill holes located in government core facilities, there’s no telling how much lithium they might uncover. Beyond is leaving no pegmatite unturned and if you’ve spent years watching resource explorers actively NOT doing work and been frustrated about it as a shareholder, you’ve got to love a company that’s out there making ‘working the ground’ the core of their business plan.

If you believe in lithium as a sector, the odds on this explorer turning up paydirt are, in my mind, better than average.

— Chris Parry

FULL DISCLOSURE: Beyond Lithium is an Equity.Guru marketing client

 

 

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