- ACME Lithium (CSE:ACME) reports results from its Phase 2 drill program in Clayton Valley, Nevada
- The results suggest total lithium concentration of 110 mg/l was present in fluids from roughly 496 feet of perforated casing from the Lower Gravel Unit (LGU)
- The LGU extends from roughly 1,250 to 1,820 feet below ground surface
- Shares of ACME Lithium (CSE:ACME) are up 3.03 per cent to C$0.34 as of 11:13 a.m. ET
ACME Lithium Inc. has reported positive lithium concentrate results from its Clayton Valley, Nevada project.
In a news release, the company said the results suggest a total lithium concentration of 110 mg/l was shown in fluids from 496 feet of perforated casing crossing the Lower Gravel Unit (LGU).
The LGU Extends from roughly 1,280 feet to 1,820 feet below the ground surface at the test well location.
ACME stated in an announcement from last August that the LCU presented some of the highest lithium values – which were up to 130 mg/L in brine samples – collected in its Phase 1 program done in July 2022.
The new sample results provide a preliminary indication of the composite concentration of lithium brines between the LGU and the TW-1 location.
Moving forward, ACME stated TW-1 will be prepared for a permitted pumping test that will further assess the hydraulic properties and brine chemistry of the LGU.
Headquartered out of Carson City, Nevada, ACME Lithium is focused on battery metal projects and partnerships with top technology and commodity companies.
The company has the option to acquire 100 per cent interest in projects in Nevada, Manitoba and northern Saskatchewan.
Shares of ACME Lithium (ACME) are up 3.03 per cent to C$0.34 as of 11:13 a.m. ET.
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