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ACME Lithium (CSE:ACME) starts airborne survey

Mining
CSE:ACME
18 July 2022 16:00 (EDT)

Source: ACME Lithium

ACME Lithium (ACME) has commenced an airborne geophysical survey at ACME’s 11,803-acre Shatford and Cat-Euclid Lake project areas in southeastern Manitoba.

Dias Airborne will carry out the survey with their state of the art QMAGT system. It will fly a total of 1,989 line kilometers at a 65 m line spacing and at a sensor height of 35 m or at the safest height above the tree canopy.

It will process data to generate 6 directional tensor magnetic parameters, and various derived products from these parameters. Results can be used in combination or individually to interpret the geology in great detail and with high confidence.

Dias Airborne’s QMAGT system is the most advanced airborne magnetic system currently commercially available. It uses super-conducting quantum technology in the form of SQUID sensors to measure the magnetic field more completely and with greater sensitivity.

It measures the full tensor magnetic gradients, which means that it is measuring all of the directional information of the magnetic field. This cannot be measured with conventional magnetic systems.

The Shatford Lake claim area is located strategically and contiguous to the south of Sinomine’s world-class Tanco Mine. Tanco Mine is a Lithium, Cesium and Tantalum producer since 1969. It is located in the pegmatite fields of the southern limb of the Bird River Greenstone Belt. ACME’s Cat-Euclid Lake project claims are approximately 20 kilometres north of the Tanco Mine.

The company’s exploration strategy in the Bird River Greenstone Belt is to employ remote sensing, structural geology, ground-based geological mapping, and geochemical sampling to localize targets for drilling. 

ACME Lithium is a mineral exploration company. It focuses on acquiring, exploring, and developing battery metal projects in partnership with leading technology and commodity companies.

ACME Lithium Inc. (ACME) remains steady, trading at C$0.69 per share at 3:50 pm ET.

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