logo-loader

Cadence Minerals' associate starts second lithium programme in Nevada

Published: 16:22 11 Apr 2017 BST

picture of batteries
Batteries are driving demand for lithium

Cadence Minerals PLC’s (LON:KDNC) 16.5% associate Macarthur Minerals has commenced its second soil sampling program at its Stonewall lithium project in Lida Valley, Nevada.

The Lida Valley basin is adjacent to Clayton Valley, which hosts North America's only producing lithium mine, Albemarle's Silver Peak Lithium Mine.

Macarthur has commenced an extensive sampling across the full extent of the placer claims at Stonewall to provide  a property wide view of lithium distribution contained in the basin fill sediments.

This sampling will also allow for a partial indication of the lithium content of the deeper sediments.  At present, the exact depth and composition of the sediments in the basin are unknown.

Macarthur's geological team expects sediments to be at least 92 meters (300 feet) deep and most likely deeper.

 

FTSE rises ahead of Easter weekend, JD Sport gains on upbeat outlook -...

The FTSE 100 gained on the final morning of this shortened Easter trading week. Festive cheer was limited though, as Thames Water confirmed shareholders would not provide it with a £500 million rescue package, prompting speculation over the London supplier’s future. On a more positive...

43 minutes ago