ACME Lithium Inc. (CSE:ACME, OTCQB:ACLHF) said it has now kicked off drilling at its Shatford Lake project in southeastern Manitoba, Canada, having earlier unveiled plans for a program of up to 5,000 meters (m).
Drill targets from multiple sites have been identified and include numerous pegmatites, some of which were undocumented prior to last year's summer exploration, said ACME.
A priority target area is called Shatford East, which is part of the Wiinpeg River structure - a 7 kilometre (km) curvilinear feature containing anomalous lithium.
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 set for drill program at Shatford Lake project in Manitoba after work permit issued
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.
Contact the writer at giles@proactiveinvestors.com