Today, EMP Metals (EMPS.c EMPPF) reported high-grade lithium concentrations across multiple zones discovered in step-out drilling at Viewpoint!
These positive lithium assay results are from well 8-24, located 10 kilometers north of their initial discovery well in Saskatchewan.
Highlights include:
- Significant lithium concentrations of 157 mg/L in the Wymark D zone and 139 mg/L in the Wymark C zone, consistent with earlier discoveries.
- The identification of new lithium-bearing zones, including the Souris River zone, which tested at 72 mg/L, indicating potential resource expansion.
- The 10-kilometer step-out confirms the continuity of the lithium resource across EMP Metals' land base, reducing risk for the project.
Emphasizing the importance of these results in confirming the asset's value, Paul Schubach, COO of EMP Metals, commented:
“The results from the 8-24 well have been highly encouraging. The 10-kilometer step-out confirms that lithium-bearing zones extend well beyond our initial wells, further validating the value of our Saskatchewan asset. This development significantly derisks the project and enhances our ability to plan for future extraction.
Similarly, EMPS CEO Karl Kottmeier noted the excitement around the new potential of the Souris River zone, stating:
“We were particularly excited by the new potential of the Souris River zone, which was previously untested in this area. With concentrations comparable to other known zones, we believe this newly tested zone could further increase the total resource estimate. Our next steps will involve updating our mineral resource assessment and completing our front-end engineering design (FEED) study.”
Preciously, EMPS achieved over 97% lithium recovery and impurity rejection greater than 99% during its DLE pilot project with Koch Technology Solutions and Saltworks Technologies.
With lithium concentrations exceeding 2,000 mg/L, EMPS is planning to update its resource estimate and progressing with horizontal well testing for lithium brine extraction and is strongly positioned to become a key player in the growing lithium industry, as it aims to deliver battery-grade lithium carbonate to meet the increasing demand from the electric vehicle and battery storage markets.
Full News Release:
https://empmetals.com/emp-metals-reports-high-grade-lithium-concentrations-across-multiple-zones-discovered-in-step-out-drilling-at-viewfield/ Posted on Behalf of EMP Metals Corp.