Metal Energy Corp (TSX-V:MERG, OTCQB:MEEEF) announced that it has identified two brine reservoirs with lithium potential at the SourceRock lithium brine project located near Thunder Bay in Ontario, Canada.
It said that downhole geophysical surveying has identified the two discrete brine reservoirs in drill hole SR-24-01: an upper zone from 151 meters to 165 meters and a lower zone from 474 meters to 520 meters.
“We believe these two reservoirs are stratigraphically continuous with salt-endowed historic drill hole BSW-06-04A, only five kilometers away,” Metal Energy CEO James Sykes said in a statement.
“In particular, the lower zone demonstrates fluid conductivities at least twice that of seawater (i.e., 55,000 microsiemens per centimeter), indicating highly saline brines.”
Sykes highlighted that scientific evidence supports that highly saline brines are typically associated with high lithium concentrations.
“We've sampled brine from specific depths demonstrating the highest fluid conductivities,” he said. “The drill core findings from SR-24-01 have been encouraging and informative, helping us correlate and better understand the sedimentary geology of the area to plan for future drill programs.”
Brine sampling was also performed at specific depths in drill hole SR-24-01 to determine brine constituents from sedimentary horizons with the highest fluid conductivity responses and over large intervals to determine background brine constituent levels.
The results are expected to be received by the company in the coming weeks.
Metal Energy is a battery metal exploration company with two projects in politically stable Canadian jurisdictions; Manibridge (nickel-copper-cobalt-platinum group elements) in Manitoba, and SourceRock (lithium-sodium-potassium) in Ontario.