- E3 Lithium (ETMC) has started drilling the first lithium evaluation well in Alberta
- Drilling will evaluate lithium prospectivity in E3’s billion-dollar Clearwater Project
- Drilling operations are expected to be completed by mid-July
- The data collected will serve as the basis for a forthcoming Pre-Feasibility Study
- E3 Lithium is developing its inferred Alberta-based resource of 7M tonnes of lithium carbonate equivalent
- E3 Lithium (ETMC) opened trading at C$2.54
E3 Lithium (ETMC) has begun drilling the first lithium evaluation well in Alberta.
Drilling will evaluate lithium prospectivity in E3’s billion-dollar Clearwater Project area east of Olds, Alberta.
Drilling operations are expected to be completed by mid-July. Following drilling, a service rig will be moved onsite to begin testing of the formation to verify brine chemistry and flow rates, providing data to support the upgrade of the resource to Indicated and Measured for an upcoming Pre-Feasibility Study.
Chris Doornbos, CEO of E3, commented on the news.
“We are very excited about drilling and completing the first well in Alberta specifically targeting lithium. We are working with a local Alberta company, CWC Energy Services’ drilling division, Ironhand, using a conventional oil and gas drill rig. This is an example of the benefits of operating in Alberta; having the ability to mobilize local equipment operated by local Albertans.”
E3 Lithium is developing its inferred Alberta-based resource of 7M tonnes of lithium carbonate equivalent.
E3 Lithium (ETMC) opened trading at C$2.54.