Extensive Phase I Exploration Program
Determined geologic and structural features are strongly analogous to the structural and geologic settings at Albemarle's Silver Peak Lithium-Brine operation at Clayton Valley, 25 miles (40 km) to the southeast.
- Q2 2016 - Acquired 100% interest in the North Bowl Playa - Fish Lake Valley property (7,840 acres [3172 ha])
- Located in Esmeralda County, west central Nevada
- Phase 1 Exploration included surface brine sampling, gravity geophysics and drilling
- 3,545 feet (1080 m) of direct push drilling within 41 holes at 25 sites
- Drill holes range from 42 ft. to 150 ft. (12.8 – 46m) in depth
- 42 brine samples collected from hand held auger holes and near surface waters up to 150 ft (46m) depth.
National Instrument 43-101 report titled Technical Report, Fish Lake Valley Lithium-Brine Property, Esmeralda County, Nevada, Nov 30, 2015*
In Sediment Concentrations:
- Lithium 116 ppm to 1040 ppm (average 540.7 ppm)
- Boron 110 ppm to 4070 ppm (average 1772 ppm)
- Potassium 0.7% to 2.24% (average 1.53%)
- Magnesium 0.35% to 6.37% (average 2.09%)
* The detailed disclosure contained in the NI 43-101 Technical Report is hereby incorporated in summary by reference in this presentation. The full text of the Technical Report may be accessed online under the SEDAR profile of Lithium Corp. at www.sedar.com
Brines tested to date also contain anomalous concentrations of
- Lithium ranging from 0.81 mg/L to 150 mg/L
- Boron ranging from <1 mg/L to 2670 mg/L
- Potassium ranging from 30 to 13300 mg/L, and
- Magnesium ranging from 0.116 mg/L to 41.5 mg/L
Handbook of Lithium and Natural Calcium Chloride – Their Deposits, Processing, Uses and Properties
Garrett, Donald E., 2004; Elsevier Academic Press
Fault geometry is critical in the development of lithium brine basins in that the structures may provide vertical conduits for fluid flow and may also represent aquitards controlling lateral flow in a segmented basin system. Understanding where these structures exist within the basin will direct the Company’s upcoming drilling program. Dr. Oldow, Ph.D., Director of the Ellison Miles Center for Geological Field Studies at the University of Texas, has been retained to develop a geological model of the Company’s 18,552 acre lithium brine project in Fish Lake Valley, Esmeralda County, Nevada. The geological model will provide detailed stratigraphic descriptions of the basin reservoir based on his previous work on exposed sections of the formation adjacent to the Company’s Fish Lake Valley lithium brine property.
Dr. Oldow’s work includes geologic mapping and the application of structural and stratigraphic analysis, along with potential field geophysics, GPS geodesy and terrestrial laser scanning to advance understanding of regional tectonics.