ACME Lithium Inc. (CSE:ACME, OTCQB:ACLHF) has announced the start of Phase 2 drilling at its Clayton Valley lithium brine project in Nevada.
The Vancouver-based mineral exploration company said the multi-hole drill program follows its Phase 1 drill program lithium brine discovery, announced last August.
It also noted the project is contiguous to the northwest of Albemarle's Silver Peak lithium deposit which has been in production since 1966 and is the only lithium-producing region in the United States.
READ: ACME Lithium reports promising sample results from drill hole at Clayton Valley lithium brine project in Nevada
Key highlights of the program:
- Phase 2 Drill Program includes drilling, installation, and testing of a large diameter test well (TW-1);
- A pumping test will be completed from TW-1 to assess hydraulic response, permeability, and storage parameters of the lithium-enriched aquifer;
- An intensive multi-element brine sampling program will be completed during the TW-1 pumping test to assess the hydrochemical response to pumping;
- Up to three new exploration holes DH-1A, DH-2, and DH-3 are included in the program aimed at examining deeper horizons through zonal isolated testing, assessing stratigraphy, and the potential for continuity between the stratigraphic units encountered in DH-1;
- The exploration holes will be completed with grouted-in vibrating wire piezometers to further assess the hydrogeology of the project area, monitor long-term water levels, and potential response to local and regional pumping; and
- Operator GeoXlpor Inc. has contracted Harris Drilling Exploration and Associates Inc. to provide drilling services and support testing.
ACME said Phase 2 will examine the characteristics of the highly prospective lithium brine aquifer in the lower gravel unit intercepted in DH-1.
The program will focus on characterizing the potential vertical and lateral extent of lithium brines in deeper gravels near the contact with bedrock. It will also assess the potential for continuity with the regional lithium brine reservoir in Clayton Valley.
ACME is well funded by strategic investors and positioned to complete its exploration and development objectives through the near term with the goal of providing a domestic supply of lithium to the U.S. and Canadian markets.
ACME's project, located adjacent to or nearby lithium brine projects does not guarantee exploration success or that mineral resources or reserves will be defined on ACME's properties. Exploration, development, and activities conducted by regional companies provide assistance and additional data for exploration work being completed by ACME.
Contact the author at stephen.gunnion@proactiveinvestors.com