ACME Lithium Inc. (CSE:ACME, OTCQB:ACLHF) announced that it has recently received sample results from the August surface sampling and prospecting program at its Bailey Lake pegmatite project in Saskatchewan, which included samples grading up to 1.14% lithium oxide in boulders along trend of anomalous lithium values up to 0.73% lithium oxide identified in outcrop.
The mineral exploration company said the program has successfully identified numerous boulder and outcrop samples exhibiting anomalous lithium grades as well as other elevated LCT (lithium-cesium-tantalum) pegmatite indicator elements.
"The focus of the campaign was to confirm and expand on the limited historic data based on lithium bearing samples reported in 2017," ACME Lithium CEO Steve Hanson said in a statement.
"We exceeded these expectations by not only confirming and improving on the historic grades but identifying additional areas hosting LCT pegmatites to the northeast and southwest," he added.
ACME noted the results are the highest ever sampled in the region and highlight the significant potential for high-grade mineralization within the project area.
The company added that a detailed Airborne Magnetic+Radiometric+Lidar survey was completed over 7,975 hectares of the property, which will assist in further defining priority areas.
ACME Lithium is a mineral exploration company focused on acquiring, exploring, and developing battery metal projects in partnership with leading technology and commodity companies.
The company has acquired or is under option to acquire a 100% interest in projects located 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 Sean at sean@proactiveinvestors.com