ACME Lithium Inc. has announced that it’s project operator GeoXplor Corporation has received a letter of approval under a “Notice of Intent to Drill” (“NOI”) from the United States Bureau of Land Management (BLM) for ACME’s near term drill program at its Clayton Valley lithium brine project.
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. 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 is in the final stages of completing the preparatory work required to commence drilling operations including securing drilling and hydrogeological services, as well as additional permits required.
ACME’s project is contiguous to Albemarle’s Silver Peak lithium resource and production facility. ACME’s 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.
On November 10th, ACME announced that it had received positive results for potential lithium-brine from Hasbrouck Geophysics, a leading and experienced technical group operating in Clayton Valley over the last ten years. ACME completed its Phase 1 Gravity Survey and Phase 2 Hybrid Source Audio-Magnetotellurics (HSAMT) survey this past fall 2021. Based on low resistivity values, multiple areas and zones were 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 ACME’s properties. Exploration, development and activities conducted by regional companies provide assistance and additional data for exploration work being completed by ACME.