- US Critical Metals (USCM) has finalized detailed mapping and sampling on its Clayton Ridge Lithium property in Esmeralda County, Nevada
- The property spans 14.5 sq. km. with 180 unpatented lode mining claims and is located within the Clayton Valley region, which is the only lithium-producing region in the United States
- The new mapping and data show a healthy lithium-bearing system that may prove to be a significant addition to the historic results
- US Critical Metals (USCM) was up 19.23 per cent, trading at $0.46 per share as of 12:15 pm ET
US Critical Metals (USCM) has finalized detailed mapping and sampling on its Clayton Ridge Lithium property in Esmeralda County, Nevada.
The property spans 14.5 sq. km. with 180 unpatented lode mining claims and is located within the Clayton Valley region, which is the only lithium-producing region in the United States.
The new mapping and data show a healthy lithium-bearing system that may prove to be a significant addition to the historic results. The results also further expand the understanding of the geological systems present and enhance the working model for the property, in which USCM has the option to acquire a 100 per cent interest.
15 rock chip samples have been collected within the property area. Assay results from the exploration campaign confirm the initial lithium grades from the historical work. Sample grades from 950 ppm Li to trace, including 57 samples with a grade of over 500 ppm Li, 106 samples with a grade of over 400 ppm Li and 141 samples with a grade of over 300 ppm Li. The average grade was 308ppm Li with a standard deviation of 212 ppm Li.
CEO Darren Collins stated that the work programs over 2022 have been successful in the context of demonstrating a potentially large lithium clay-bearing system at Clayton Ridge.
“This includes the potential for significant lithium resources based on initial grade findings at surface and thickness estimates. The Company now moves forward with the definition of a final drill program for submission to the Bureau of Land Management.”
US Critical Metals is focused on mining projects to further secure the US supply of critical metals and rare earth elements.
US Critical Metals (USCM) was up 19.23 per cent, trading at $0.46 per share as of 12:15 pm ET.
