ACME Lithium files permitting request for drilling at Nevada lithium brine project

Canadian Securities Exchange (CSE) listed junior ACME Lithium has filed permitting documentation for a new drilling campaign at its Clayton Valley lithium brine project in Nevada, US.

The Notice of Intent, filed to the Bureau of Land Management, covers a three-hole drill programme up to a depth of 500 metres and focuses on the most prospective lithium brine targets as defined by recent geophysical work.

ACME’s current and ongoing programme at Clayton Valley in Esmeralda County is operated by GeoXplor Corp, one of the industry’s early leaders in lithium exploration and development in Nevada, along with their longstanding team of technical contractors.

Upon approval and receipt of permits, ACME is targeting to drill its Clayton Valley Lithium project in late Q1 2022 and will provide further updates as new information comes available.

ACME’s project is contiguous to Albemarle’s Silver Peak lithium resource and production facility. Hence, ACME’s lithium source material and transport mechanisms could be similar to those that have supplied other Clayton Valley lithium-bearing brines.

In November, ACME announced that it has received positive results for potential lithium-brine from Hasbrouck Geophysics after the Company completed its Phase 2 Hybrid Source Audio-Magnetotellurics (HSAMT) survey.

Based on low resistivity values, multiple areas and zones are interpreted to correlate to lithium-brine occurrences in saline rich aquifers or brine saturated pebble gravel.