ACME Lithium Inc announced that its project operator, GeoXplor Corporation, has received a Decision Letter of approval under an amended ‘Notice of Intent to Drill’ (NOI) from the United States Bureau of Land Management (BLM) for ACME's upcoming Phase 2 drill program at its Clayton Valley lithium brine project in Nevada.
The battery metal projects exploration and development company said the Phase 2 drill program and NOI covers a large diameter test well (TW-1) for completion of brine aquifer permeability testing and sampling, and will also include up to three new exploration holes DH-1A, DH-2, and DH-3 with objectives to examine deeper horizons through zonal isolated testing, assess stratigraphy, and the potential for continuity between the stratigraphic units encountered in DH-1.
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.
READ: ACME Lithium inks exploration agreement with Sagkeeng First Nation in southeastern Manitoba
The company added that it anticipates its Phase 2 lithium brine drill program will begin in 30 to 45 days.
Based on prior Clayton Valley drilling experience intercepting a high-flow brine horizon marking the gravel/bedrock contact, ACME said its team is particularly focused on advancing drilling to test this highly prospective brine zone.
ACME's Clayton Valley, Nevada lithium brine project is contiguous to the northwest of Albermarle's Silver Peak lithium deposit, which has been in production since 1966, according to 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 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