- ACME Lithium (ACME) is reporting its highest lithium value to date at its Fish Lake Valley Project
- The Vancouver-based mineral exploration company’s project is located along a 40-kilometre-long endorheic valley in southwest Nevada
- The highest surface lithium value to date registered 1,418 ppm
- Boron anomalies up to 1,964 ppm occur either with or adjacent to the project’s surface lithium anomalies
- ACME Lithium Inc. (ACME) is up 14.46 percent, trading at $0.48 at 2:26 p.m. ET
ACME Lithium (ACME) is reporting its highest lithium value to date at its Fish Lake Valley Project.
The Vancouver-based mineral exploration company’s project is located along a 40-kilometre-long endorheic valley in southwest Nevada.
Multiple occurrences on the project are now exceeding lithium values of 1,200 parts per million (ppm). The highest surface value to date registered 1,418 ppm.
Boron anomalies up to 1,964 ppm occur either with or adjacent to the project’s surface lithium anomalies.
So far, Phase 2 sampling is designed to focus primarily on higher-grade lithium rock anomalies. Work also seeks to expand into adjacent areas of similar geology and alteration.
The project is made up of 144 lode mining claims totalling approximately 2,975 acres in Esmeralda County, Nevada.
The land is contiguous to Ioneer Ltd.’s Rhyolite Ridge Lithium-Boron Project area.
A total of 58 follow-up samples have been collected so far.
“The most recent sampling continues to suggest that the lithium anomalies found on the Fish Lake Project are hosted by geologically young, basin-fill claystone sediments comparable to those found at the nearby Rhyolite Ridge Mine,” the company said in a news release.
“Lithium anomalies occur in these receptive clay stones along the margins of fault-bounded graben basins, and the current sampling has expanded the area of strong lithium mineralization, in addition to the discovery of additional scattered areas of strong lithium mineralization and a broad area of moderate claystone lithium mineralization approximately one-half mile east of the FAST91 sample. Shallow drill holes to test the areas of strong lithium anomalies are warranted, as are the lithium anomalies associated with the geophysical anomaly northwest of the FAST91 area.”
ACME Lithium Inc. (ACME) is up 14.46 percent, trading at $0.48 at 2:26 p.m. ET.