ACME Lithium Inc. (CSE:ACME, OTCQB:ACLHF) has reported additional results from its Phase 2 expanded drill program at its Clayton Valley lithium brine project in Nevada.
The company announced results from its recently completed Dissolved Mineral Resource Exploration (DMRE) test well TW-1 which indicate that a total lithium concentration of 110 milligrams per litre (mg/L) was present in fluids airlifted from approximately 496 feet of perforated casing crossing the Lower Gravel Unit (LGU).
ACME said that the sample results provide a preliminary indication of the composite concentration of lithium across the LGU at the TW-1 location.
According to the company, the preliminary data “provides further evidence that some of the highest concentrations of lithium are contained in the LGU at the TW-1 drill location.”
“The laboratory analysis of the airlift development fluid further validates previous evidence of a lithium brine deposit contained in the LGU and as indicated by other operators to be a potential production aquifer within Clayton Valley,” ACME said in a statement.
TW-1 will now be prepared for an upcoming permitted pumping test to further evaluate the hydraulic properties and brine chemistry of the LGU, ACME noted.
This assessment of extractable brine volume and concentration of lithium in the brine will be used to infer if a lithium resource potentially exists at the Clayton project.
ACME Lithium is a mineral exploration company focused on acquiring, exploring, and developing battery metal projects in partnership with leading technology and commodity companies.
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