ACME Lithium Inc reported that it has nearly doubled its footprint in the Fish Lake Valley in Esmeralda County, Nevada after staking 63 new claims encompassing approximately 1,301 acres contiguous to its FLV project.
The battery metals company said the additional claims strategically protect its north and northwestern portion in the basin.
On October 7, ACME announced that its recent geological field review and sampling program at Fish Lake Valley had 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, it added.
READ: ACME Lithium says sampling program at Fish Lake Valley reveals new lithium values
“Having found that fine sediments the same age as the Clayton Valley occurrences are on the FLV property and that some beds are enriched in lithium, further geophysical surveys and fieldwork are being evaluated to optimize potential drill hole sites to test brine and sediment targets to a reasonable depth,” the company said in a statement.
ACME also announced that it has engaged California-based ThinkInk Marketing Inc, an arm's length party to the company, for a six-month period for an initial fee of US$50,000 for digital marketing and advertising services to assist it in increasing the public awareness of its projects, services and the company.
ACME Lithium is a mineral exploration company engaged in the business of acquiring, exploring and evaluating natural resource properties.
The company has acquired or is under option to acquire a 100% interest in 122 claims encompassing approximately 2,440 acres, comprising the CC, CCP, JR and SX placer lithium claims, located in Clayton Valley, Esmeralda County, Nevada.
ACME also holds a 100% interest in the FLV claims, being 144 lode mining claims totaling approximately 2,921 acres, in Esmeralda County, Nevada, which are prospective for lithium contained in tertiary claystone.
Contact the author at stephen.gunnion@proactiveinvestors.com