Source: ACME Lithium
  • ACME Lithium (CSE:ACME) has reported sample results from its Bailey Lake project in Saskatchewan
  • The program identified a range of boulder and outcrop samples showing anomalous lithium grades and other elevated LCT (lithium-cesium-tantalum) pegmatite indicator elements
  • These are the highest sampled results in the region
  • Shares of ACME Lithium are up 5.26 per cent to C$.10 as of 10:57 am ET

ACME Lithium (CSE:ACME) has revealed sample results from its Bailey Lake project in Saskatchewan, highlighting grading up to 1.14 per cent lithium oxide in boulders along trend of anomalous lithium values up to 0.73 per cent lithium oxide identified in outcrop. 

In a news release, the Vancouver-based mineral exploration company said these are the highest-ever sampled results in the region.

This means the program identified numerous boulder and outcrop samples exhibiting anomalous lithium grades as well as other elevated LCT (lithium-cesium-tantalum) pegmatite indicator elements. 

“The focus of the campaign was to confirm and expand on the limited historic data based on lithium-bearing samples reported in 2017,” Steve Hanson, CEO of ACME Lithium, said in a statement. “We exceeded these expectations by not only confirming and improving on the historic grades but identifying additional areas hosting LCT pegmatites to the northeast and southwest. We believe this phase 1 exploration effort has only just scratched the surface as to the potential for high-grade lithium on the property. Northern Saskatchewan is underexplored for critical minerals, and the results of this program reinforce the potential of this area of the province to become a new lithium area of discovery.”

The company also has the option to acquire a 100 per cent interest in 18 contiguous mineral claims spanning roughly 42,700 hectares.

The 2023 sampling and prospecting program has confirmed and expanded on the lithium potential of the property.

ACME Lithium is a mineral exploration focused on battery metals projects. The company is under option to acquire projects in Clayton Valley and Fish Lake Valley in Nevada.

Shares of ACME Lithium are up 5.26 per cent to C$.10 as of 10:57 am ET.

Join the discussion: Find out what everybody’s saying about this stock on the ACME Lithium Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

More From The Market Online

Search suspended for SSR miners missing after Türkiye mine collapse

SSR Mining (TSX:SSRM) provided an update on the tragedy that struck its Çöpler gold operation in eastern Türkiye.
stock market down

@ the Bell: Bumpy start to a holiday-shortened week

Early data that showed domestic inflation cooled more than expected couldn't give enough lift for Canada’s main stock index on Tuesday.

SweetWater Brewing inks partnership with Atlanta United FC

SweetWater Brewing, a subsidiary of Tilray Brands, has signed on as official craft beer partner of Major League Soccer’s Atlanta United FC.