ACME Lithium Inc. (CSE:ACME, OTCQB:ACLHF) has said it is poised to drill up to 5,000 metres (m) at its Shatford Lake project in the Winnipeg River pegmatite region of Manitoba, after receiving a work permit from the government of the Canadian province.
The explorer said crews have been mobilized and priority drill targets from multiple sites have been identified and include numerous pegmatites, some of which were undocumented prior to the firm's extensive summer program, which included remote sensing, structural geology, mapping, and geochemical sampling.
The Shatford Lake claim abuts to the south of Sinomine Resource Group's world-class Tanco Mine, a lithium, cesium and tantalum producer (LCTs) since 1969. In all, ACME's land holdings in southeastern Manitoba comprises around 17,000 acres or 70 square kilometres (sq km).
READ: ACME Lithium enters Saskatchewan province with Bailey Lake Pegmatite Discovery Area acquisition
The Tanco Mine and Shatford Lake areas lie in the pegmatite fields of the southern limb of the Bird River Greenstone Belt (BRGB), which contains at least ten pegmatite fields and hosts hundreds of individual pegmatite bodies, of which many are classified as complex rare-element lithium-cesium-tantalum (LCT) pegmatites.
ACME Lithium is focused on acquiring, exploring, and developing battery metal projects in partnership with leading technology and commodity companies.
It has acquired or is under option to acquire a 100% interest in projects in Clayton Valley and Fish Lake Valley, Esmeralda County Nevada, at Shatford, Birse, and Cat-Euclid Lakes in southeastern Manitoba, and at Bailey Lake in northern Saskatchewan.
Earlier in December, the company told investors it had entered Saskatchewan, striking deals with Gem Oil Inc to acquire the 41,694 hectare (Ha) Bailey Lake Pegmatite Discovery Area in the province.
The large claim area contains multiple indications of spodumene-bearing pegmatites with potentially economic-grade lithium.
Contact the writer at giles@proactiveinvestors.com