ACME Lithium Inc has announced that Phase 1 drilling has commenced at its Clayton Valley Nevada lithium brine project.
The Carson City, Nevada-based mineral exploration company’s Clayton Valley Nevada lithium brine project is contiguous to the northwest of Albermarle's Silverpeak lithium deposit which has been in production since 1966.
Harris Drilling Exploration and Associates Inc. has been contracted to provide drilling services and related activities, said the company.
ACME added that Phase 1A will consist of advancement of an HQ core hole up to 500 meters (m) at location DH-1 to assess lithology, permeability features, clay, sand and gravel content, and lithium brine potential. A monitoring well will be temporarily installed in the core hole on completion of drilling.
Brine samples will be collected from the well at depth intervals and then independently analyzed for lithium, boron, and other minerals typical of lithium enriched brine systems, according to the company. The temporary well will be plugged and abandoned upon completion of testing or within 60 days from completion of drilling.
The company explained that pending the results of Phase 1A, additional characterization work will be completed as part of Phase 1B, which will include drilling a separate, larger diameter well for completion of brine-aquifer testing and sampling.
ACME completed its Phase 1 Gravity Survey and Phase 2 Hybrid Source Audio-Magnetotellurics (HSAMT) survey in fall 2021. Based on low resistivity values, multiple areas and zones are interpreted to correlate to lithium-brine occurrences in saline rich aquifers or brine saturated ash and/or pebble gravels.
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 100% interest in projects located in Clayton Valley and Fish Lake Valley, Esmeralda County Nevada, and at Cat-Euclid and Shatford Lakes in southeastern Manitoba.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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