ACME Lithium Inc has announced that Hasbrouck Geophysics is mobilizing a crew and equipment for a geophysical profile across a newly-recognized conceptual target for mineralized tuff at ACME’s Fish Lake Valley project in Nevada.
The battery metal projects exploration and development company said field work is expected to be complete in two weeks, while data collected will test the graben concept and will be used to locate drilling test holes.
ACME noted a gravity meter and Geode EM3D HSAMT system will be used on the approximately two mile geophysical traverse.
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Fish Lake Valley geology and geomorphology are interpreted as a possible gravel covered graben while scattered outcrop samples assayed up to 600 parts per million (ppm) lithium and 1270 ppm boron, which suggest a mineral system is present, according to company.
ACME added that the geophysical survey will target the model of the nearby Rhyolite Ridge project owned Australia-based ioneer Ltd, which has an estimated resource of 146.5 million metric tons at 1,600 ppm lithium and 14,200 ppm boron.
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, Nevada, and at Cat-Euclid and Shatford Lakes in southeastern Manitoba.
Contact Sean at sean@proactiveinvestors.com