- MAX Power Mining, a stable lithium stock, has significantly extended the lithium discovery on its Willcox project in Arizona
- WP-23-02, the latest hole from diamond drilling on the property, stepped out 500 m to the west of discovery hole WP-23-01, intersecting a lithium claystone sequence over almost 1,000 feet
- MAX Power Mining is an exploration-stage resource company focused on North American lithium resources for the renewable energy sector
- MAX Power Mining stock (CSE:MAXX) has lost 26 per cent year-over-year, but has gained 27.5 per cent since inception in February 2022
MAX Power Mining (CSE:MAXX), a stable lithium stock, has significantly extended the lithium discovery on its Willcox project in Arizona.
WP-23-02, the latest hole from diamond drilling on the property, stepped out 500 m to the west of discovery hole WP-23-01, intersecting a lithium claystone sequence “from the top of the hole to the base of the hole at 998 feet,” according to a news release. The company went on to state that the result further supports “the potential for a very large system of lithium-rich clays under the Willcox Playa.”
Like WP-23-01, WP-23-02 intercepted multiple distinct fluid sequences at depths of 112, 358, 458 and 598 feet, each of which holds the potential to host lithium mineralization.
Data from laser-induced breakdown spectroscopy Z-903 (LIBS) shows the lithium mineralization in both drill holes to be “more intense and pervasive than the encouraging results reported by the U.S. Geological Survey in its historic 1978 reverse circulation test drill hole completed 5.5 miles northwest of WP-23-02, and 6 miles northwest of WP-23-01,” the release continued.
MAX Power will drill its third hole imminently, this time stepping out 500 m to the south of WP-23-02. ALS Global in Tucson is currently analyzing Willcox drill samples.
“First-ever systematic drilling of the Willcox Playa continues to be extremely encouraging and strongly supports the discovery model we presented in early December,” Peter Lauder, MAX Power Mining’s senior geologist and exploration manager, said in a statement. “We have a target-rich corridor extending 6 miles from the northeast to the southwest.”
MAX Power Mining is an exploration-stage resource company focused on North American lithium resources for the renewable energy sector. MAX Power’s two additional projects include:
- The Corvette Lake lithium properties in James Bay, Quebec, which boast multiple radiometric anomalies
- Holdings in Quebec’s Nunavik lithium district, which boast some of the highest lithium and cesium values in lake bottom sediments in the Quebec government database, as well as historically mapped pegmatites and favorable geology and geophysics
MAX Power Mining stock (CSE:MAXX) is up by 5.15 per cent, trading at C$0.51 per share as of 9:47 am ET. The stock has lost 26 per cent year-over-year, but has gained 27.5 per cent since inception in February 2022.
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