ACME Lithium Inc, a battery metals company-focused on Nevada, said its recent geological field review and sampling program at Fish Lake Valley, has resulted in surface lithium values up to 410 parts per million (ppm).
The promising lithium result indicates a mineral process was active during deposition of the underlying sediments, according to the company.
Additionally, barium analyses of 1,800 ppm support that the mineral process was active during deposition of the underlying sediments.
READ: ACME Lithium advances lithium brine targeting; starts phase II geophysical survey
Located in Nevada’s Esmeralda County, ACME holds a 1,620-acre FLV lode mining claim block in Fish Lake Valley. The property was previously mapped and sampled with more anomalous analyses of 200 to 260 ppm lithium towards the bottom of the washes along the range front of the claim area, the ACME statement read.
“It is believed that the current erosion surface could be exposing the top of a stratigraphic deposit with active lithium mineralization, which is significant in the context of neighboring Ioneer's Rhyollite Ridge lithium-boron project four miles to the northeast where the lithium-boron mineralization is in one layer of the rocks filling the valley,” the exploration company explained.
ACME is confident in the Fish Lake Valley project as it has shown fine sediments the same age as Clayton Valley, the epicenter of lithium development in the United States.
The recent study confirms occurrences are on the property and that some beds are enriched in lithium.
From here, the battery metals-focused firm will conduct further analysis and evaluation to determine appropriate drilling potential, noting, “only the visually uppermost 25 feet of the lithified fine sediments are exposed in the washes.”
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