Nevada Lithium Resources Inc (CSE:NVLH, OTCQB:NVLHF) announced that it has completed interpretation of a seismic survey conducted at its 100% owned Bonnie Claire lithium project in Nevada, in which a major north-south-trending fault zone has been identified as a target for lithium brine exploration.
The mineral exploration and development company said the development is part of the current work program, which began in the summer of 2023 and is advancing its lithium resource towards pre-feasibility as well as examining the potential for additional opportunities in lithium brines.
"The (seismic) survey has identified a major north-south trending fault zone, similar to that found at Clayton Valley, the location of the only producing US lithium brine mine, 47 miles (75km) north of Bonnie Claire," Nevada Lithium Resources CEO Stephen Rentschler said in a statement.
"Nevada Lithium has targeted an initial drill location for brine evaluation and preliminary work is underway to determine the timing of this drill test,” he added.
Rentschler noted the seismic survey covered less than 8% of its overall project, and there remain significant seismically untested areas to both the south and north within the property, along-strike from the interpreted fault zone.
The company added that it anticipates a 1,350 to 1,500-meter vertical hole would be necessary to test this brine target and Nevada Lithium is developing a plan to drill it in 2024.
The drilling would run concurrently with the continued development of the sedimentary lithium resource, which is currently advancing towards a prefeasibility study, according to the company.
Nevada Lithium Resources is a mineral exploration and development company focused on shareholder value creation through its core asset, the Bonnie Claire Lithium Project in Nevada, where it holds a 100% interest.