ACME Lithium Inc. (CSE:ACME, OTCQB:ACLHF) reported that it has received positive results for potential lithium-brine from Hasbrouck Geophysics after the company completed its Phase 2 Hybrid Source Audio-Magnetotellurics (HSAMT) survey at the Clayton Valley Lithium project, in Nevada.
The Carson City, Nevada-based mineral exploration company said the results of the previous gravity and recent HSAMT surveys have prioritized key drill locations to test for lithium concentrations within groundwater brines.
ACME's project is contiguous to Albemarle's Silver Peak lithium resource and production facility. The company said lithium source material and transport mechanisms for ACME's CC, CCP, JR and SX claims are “present and could be similar to those that have supplied Clayton Valley lithium-bearing brines”.
READ: ACME Lithium to power the energy revolution with its projects in the heart of Nevada’s lithium-rich region
According to the Hasbrouck report, based on low resistivity values, multiple areas and zones are interpreted to correlate to lithium-brine occurrences in saline rich aquifers or brine saturated pebble gravel.
The geophysics program consisted of 50 separate HSAMT readings over seven lines covering approximately 9.5 kilometers (km).
The report also highlighted that three exploratory bore holes are recommended to investigate these anomalies in a large target area of lithium brine potential up to 600 meters (m).
Prior borehole sampling close to and east of the claims has found lithium-brine present from 85m to the total borehole depth of 370m with higher concentrations within pebble gravel, noted the report. It is unknown if the pebble gravel continues beyond the total depth drilled at the borehole.
The report also highlighted zones with resistivities less than 2.5 ohm-meters (ohm is a unit which is used to measure electrical resistance) cut-off, that are interpreted to correlate to zones with increased salinities and possible lithium-brine occurrence, are present primarily in the east and southeast portions of the claims area and cover a larger area from near the surface to around 340m below ground surface.
“Zones with those resistivities are still present to approximately 740m although areal coverage decreases beyond about 340m,” said the report.
Meanwhile, the report added that a small area with resistivities less than about 2.5 ohm-meters is present near the north-central portion of the claims area at depths greater than about 360m and extending to approximately 600m.
ACME is in the process of securing its drilling contractor, additional technical advisors as well as permits required for a targeted first quarter 2022 drill program.
Based on results, the firm will evaluate processing Lithium Hydroxides utilizing the latest Direct Lithium Extraction methodologies, one of which Pure Energy Minerals and investment partner Schlumberger with Panasonic are implementing in Clayton Valley, a few miles south of ACME's project.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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