ACME Lithium Inc. (CSE: ACME) (OTCQB: ACLHF) has announced the receipt of an exploration summary and hydrological report for its Clayton Valley Nevada lithium brine project, showcasing an impressive inferred resource.
Clayton Valley Lithium Brine Project Update
ACME, through its operator GeoXplor Inc., received a hydrological evaluation from Confluence Water Resources for its Phase 1 and Phase 2 programs. Located adjacent to North America’s only operating lithium brine operation, ACME’s project spans 119 claims over approximately 2,230 acres.
Confluence estimated a lithium carbonate equivalent (LCE) resource of roughly 302,900 metric tons based on potential extractable brine over a 40-year period. This estimate, derived from geophysical surveys and drill testing, marks a pivotal achievement for ACME.
Lithium Resource Estimation Details
Exploration endeavors have indicated that the lithium brine system at ACME’s project mirrors geothermal chemical traits and shares similar aquifer characteristics with neighboring projects. The considerable inferred resource bolsters ACME’s strategic positioning.
Exploration Program Insights
The successful completion of exploration wells and a 10-day pumping test have provided significant hydrological data, facilitating a better understanding of the Project’s potential.
ACME looks forward to advancing its exploration efforts and working towards the commercial viability of this sizable lithium resource.
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