ACME Lithium Inc announced that project operator GeoXplor Corporation has received a letter of approval under a ‘Notice of Intent to Drill’ from the United States Bureau of Land Management (BLM) for ACME's near-term drill program at its Clayton Valley lithium brine project in Nevada.
The company said the Notice of Intent covers a multi-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, in addition to drill road access and site preparation.
ACME noted that it is in the final stages of completing the preparatory work required to begin drilling operations, including securing drilling and hydrogeological services, as well as additional permits required.
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It added that a US$24,197 bond has now been accepted and put in place with the BLM to cover reclamation of up to 3.55 acres of permitted disturbance.
ACME's Clayton Valley project is located next to Albemarle's Silver Peak lithium resource and production facility.
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 Sean at sean@proactiveinvestors.com