- Spark Energy Minerals (CSE:SPRK) reveals it continues to advance at its Arapaima Lithium Project in Brazil
- The company has as a result split its large tenement portfolio into Priority 1 and Priority 2 areas, based on geological assessments and logistical considerations
- This means Spark Energy can initiate its “boots on the ground’ exploration program at the Arapaima Lithium Project
- Shares of Spark Energy Minerals last traded at C$0.15
Spark Energy Minerals (CSE:SPRK) reveals it continues to advance at its Arapaima Lithium Project in Brazil.
In a news release Wednesday, the Vancouver-based company stated it has, as a result, been able to split its large tenement portfolio into Priority 1 and Priority 2 areas, based on geological assessments and logistical considerations.
As such, this means Spark Energy can officially initiate its “boots on the ground’ exploration program at the Arapaima Lithium Project. The program will focus on stream sediment and heavy mineral pan concentrate sampling exploration for spodumene-rich pegmatites across the land package.
“This strategic initiative leverages our 64,359-hectare tenement portfolio in Brazil’s Lithium Valley, positioning Spark Energy Minerals at the forefront of lithium exploration in this globally significant region,” Eugene Hodgson, CEO of Spark Energy Minerals, said in a statement. “Our targeted approach, focusing on high-priority areas identified through comprehensive geological analysis, sets the stage for potentially groundbreaking discoveries.”
The Priority 1 Target Area includes the highest-ranked lithium-prospective drainage basins, highlighted in the 2016 and 2023 Government Prospectivity Reports. These areas have shown anomalous stream sediment results and reported spodumene crystals identified in government heavy mineral pan concentrates.
Spark Energy Minerals is focused on the acquisition, exploration, and development of battery metals and mineral assets, with a particular emphasis on its substantial interests in Brazil.
Shares of Spark Energy Minerals (CSE:SPRK) last traded at C$0.15.
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