- Toronto-based Blue Thunder Mining (TSXV:BLUE) has acquired a lithium exploration project in Nevada
- The Nevada Lithium Project comprises 85 U.S. federal mineral lode claims, covering 6.8 square kilometres in Esmeralda County
- The claims were owned by GGL Resource Corp. (TSXV:GGL) and are part of a larger claim block that GGL is exploring for vein gold and porphyry copper-molybdenum mineralization
- Blue Thunder Mining stock (TSXV:BLUE) Inc. opened trading at $0.05 per share
Toronto-based Blue Thunder Mining (TSXV:BLUE) has acquired a lithium exploration project in Nevada.
This is a part of the company’s new focus toward critical metals extraction.
The Nevada Lithium Project comprises 85 U.S. federal mineral lode claims, covering 6.8 square kilometres in Esmeralda County, Nevada. The claims were owned by GGL Resource Corp. (TSXV:GGL), and are part of a larger claim block that GGL is exploring for vein gold and porphyry copper-molybdenum mineralization.
Source: GGL Resource Corp.
The Nevada Lithium claims are under sediments that are a prospective host for lithium mineralization.
The closest lithium-bearing drill holes are 3.8 km to the north on Nevada Sunrise Metals Corp.’s (TSXV:NEV) Gemini property. Mineralization reported in drill holes on the Gemini property include 1,412 parts per million (ppm) lithium over 439 metres, starting at 155.49 metres below surface.
Blue Thunder has the right to explore for and develop lithium mineralization in the Quaternary alluvium in exchange for agreeing to pay the annual claim fees and a 2 per cent net smelter return royalty payable to GGL in the event of future lithium production.
The company’s CEO, Dorian L. (Dusty) Nicol said the team is working quickly to add to its portfolio of prospective critical metals projects.
“This represents an exciting new direction for our company, and we look forward to announcing additional acquisitions in this space and to updating on exploration progress in due course. We are currently in advanced negotiations for additional lithium projects in Québec, which we expect to be announcing shortly.”
Blue Thunder Mining Inc. is an exploration company that controls several prospective critical metals (including copper, cobalt, tungsten, gold, and tin) properties in Yukon and one prospective lithium property in Nevada.
Blue Thunder Mining Inc. opened trading at $0.05 per share.
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