ACME Lithium Inc said it has filed permitting documentation with the Bureau of Land Management (BLM) for the company's Clayton Valley lithium brine project in Esmeralda County, Nevada.
The Notice of Intent (NOI) covers a three-hole drill program up to a depth of 500 meters and focuses on the most prospective lithium brine targets as defined by recent geophysical work.
Upon approval and receipt of permits, ACME is targeting to drill its Clayton Valley Lithium project in late Q1 2022 and said it will provide further updates as new information comes available.
ACME's project is contiguous to Albemarle's Silver Peak lithium resource and production facility. The company believes the lithium source material and transport mechanisms could be similar to those that have supplied other Clayton Valley lithium-bearing brines.
ACME's current and ongoing program at Clayton Valley is operated by GeoXplor Corp., one of the industry's early leaders in lithium exploration and development in Nevada and their long-standing team of technical contractors.
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On November 10, 2921, ACME announced 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. 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.
ACME's project location adjacent to or nearby lithium brine projects does not guarantee exploration success or that mineral resources or reserves will be defined on its properties. Exploration, development and activities conducted by regional companies provide assistance and additional data for exploration work being completed by the company.
Led by an experienced team, ACME Lithium is focused on acquiring, exploring and developing battery metal projects in partnership with leading technology and commodity companies. The company has acquired or is under option to acquire a 100% interest in projects located in Clayton Valley and Fish Lake Valley, Esmeralda County Nevada, and in southeastern Manitoba.
Contact the author at jon.hopkins@proactiveinvestors.com