Assay Results Are In and Upcoming Plans Released Lithium is expected to be a dominant material in the production of goods over the next few decades due to the increasing demand for its use in batteries. We’re already in a shortage as EV companies scramble to make investments in lithium producers, yet the EV market share hasn’t even surpassed 20% of new vehicle sales. This means that as the market share increases, lithium is inevitably going to see even more deepening shortages.
Results are finally in from $EMIN.C’s previous sampling program that discovered surface signs of pegmatites at their Minas Gerais property in Brazil. Alongside this, they released upcoming plans for the year.
- All soil samples were collected over 13 different areas within the 3,500 original hectares before they increased the land package with the additional 22,000 hectares.
- Lithium was in 90% of the soil samples of up to 154 ppm and was also in 100% of the chip samples
- Every sample analyzed contained REEs with 16/17 TREE elements confirmed. The average TREE grade being 2055 ppm up to 3050 ppm.
https://ca.finance.yahoo.com/news/spark-energy-minerals-exploration-program-153000999.html
In June, they plan on Auger drilling to test for Li and REE in the saprolite soils and oxidized pegmatite and granite in addition to a geochemical and geophysical program to identify drilling targets. Overall, with these results showing that there could be significant mineralization across the property and solidifying their plans for June, the current $6M valuation provides significant room for growth as they continue to develop the property.