- ACME Lithium (ACME) has discovered new lithium-boron anomalies at its Fish Lake Valley (FLV) property in Nevada
- 58 sampling results taken from the property showed high-grade lithium and boron
- One surface lithium value was said to be the highest found to date on FLV with 1418 ppm lithium
- ACME shared it has enough data to justify drilling the area to test the potential mineral host structure
- ACME Lithium (ACME) is up 8.43 per cent, trading at $0.45 per share as of 12:47 p.m. ET
ACME Lithium (ACME) has discovered new lithium-boron anomalies at its Fish Lake Valley (FLV) property in Nevada.
According to the company, 58 sampling results taken from the property showed values of over 1200 parts per million (ppm) lithium and up to 1964 ppm boron. One surface lithium value was said to be the highest found to date on FLV, with 1418 ppm lithium.
Source: ACME Lithium
ACME’s phase two sampling program focused on higher-grade lithium rock anomalies and expanded into adjacent areas with similar characteristics. Its previous sampling identified trends where lithium and boron values showed structures that were exposed.
ACME moving forward with drilling
ACME shared it has enough data to justify drilling the area to test the potential mineral host structure. Additionally, other structural blocks containing geologically young sediments have been identified on the property and are being evaluated.
Also, as a pilot project and previous agreement, eight of the high-grade lithium targets were found using a satellite-based technology from an Israeli-based company, ASTERRA. ACME stated it is the first in North America to use ASTERRA’s technology.
The company believes that this recent sampling suggests that the lithium anomalies found on the Fish Lake Project are hosted by geologically young, claystone sediments that are like the ones found at the nearby Rhyolite Ridge lithium-boron mine.
ACME Lithium (ACME) is up 8.43 per cent, trading at $0.45 per share as of 12:47 p.m. ET