- ACME Lithium (ACME) has acquired 63 new claims in Fish Lake Valley, Esmeralda County, Nevada, adjacent to its FLV Project area
- The new claims, pending final approval from the Bureau of Land Management, increase ACME’s total claims in the area to 207, covering around 4,002 acres
- ACME recently completed a phase-two geological field review and sampling program, which identified numerous new occurrences of lithium values exceeding 1,200 ppm and boron anomalies up to 1,964 ppm
- A geophysical survey indicates the presence of a down-dropped fault block with interpreted target clay sediments similar to the nearby Rhyolite Ridge lithium deposit
- ACME plans to conduct shallow drill holes to test areas of strong lithium anomalies
- ACME Lithium is a mineral exploration company focused on acquiring, exploring, and developing battery metal projects
- ACME Lithium (ACME) is down by 4.26 per cent trading at $0.45 per share
ACME Lithium (ACME) has acquired 63 new claims encompassing 1,295 acres contiguous to its FLV Project.
The project is located in Fish Lake Valley, Esmeralda County, Nevada, where the company now owns 207 claims totaling 4,002 acres. The FLV claim group is directly west and contiguous to Ioneer Ltd.’s world-class Rhyolite Ridge Lithium-Boron Project.
The new claims are currently awaiting final approval from the Bureau of Land Management.
ACME recently received positive results from a phase-two geological field review and sampling program. The program discovered numerous new occurrences of lithium values exceeding 1,200 ppm, with the highest surface value to date at 1,418 ppm lithium. Boron anomalies up to 1,964 ppm occur with and adjacent to surface lithium anomalies.
A geophysical survey completed in the fall of 2022 indicates the presence of a down-dropped fault block with interpreted target clay sediments potentially similar to the nearby Rhyolite Ridge lithium deposit.
The results from the geological field review and the geophysical survey suggest that shallow drill holes are warranted to test areas of strong lithium anomalies, as well as the lithium anomalies associated with a geophysical anomaly to the northwest.
The positive results from the phase-two geological field review and sampling program, along with the geophysical survey, suggest that there is significant potential for lithium and boron resources in the area. ACME plans to conduct shallow drill holes to test areas of strong lithium anomalies and associated geophysical anomalies.
ACME Lithium is a mineral exploration company focused on acquiring, exploring, and developing battery metal projects in partnership with leading technology and commodity companies.
ACME Lithium (ACME) is down by 4.26 per cent trading at $0.45 per share as of 11:07 am EST.