- Write by:
-
Tuesday, December 15, 2020 - 7:11:39 PM
-
522 Visit
-
Print
Mining News Pro - Spearmint Resources announced that it has drilled the highest lithium values to date at the Clayton Valley lithium clay project in Nevada.
Canadian miner said that assay results from the first three completed drill holes of its phase-II 2020 10-hole drill program all intersected lithium and that assays from drill hole #5 intersected values as high as 1,840 parts per million lithium with a range of 1,840 to 420 ppm lithium.
Previously, the highest values intersected by Spearmint drilling were 1670 ppm Li.
This time, the company reported that all 10 drill holes yielded substantial thicknesses of light green to olive-green coloured clay.
“Color variations within the clay section are thought to be due to the state of the iron content within the clay formation,” the media brief states. “Intervals of bluish-green and light brown coloured clays were also encountered. The clay section is contained within a devitrified air fall volcanic ash that has been reworked by water. This clay formation is a widespread blanket-like layer that extends onto claims controlled by Cypress Development Corp. and Noram Ventures Inc.”
According to the Vancouver-based miner, this is the most ambitious drill program that it has ever undertaken and management is very optimistic about what the remaining seven drill hole results could yield.
“In light of receiving these results, management is confident this drill program should enable Spearmint to start the process of establishing a resource estimate for this project, once the remaining drill assays are received shortly,” James Nelson, president of Spearmint, said in the release.
The Clayton Valley prospects comprise two claim blocks known as the Elon property and the McGee property which cover an aggregate area of 1,160 acres and border Pure Energy Minerals and Cypress Development Corp.
Short Link:
https://www.miningnews.ir/En/News/609751
AbraSilver Resource said on Monday it has received investments from both Kinross Gold and Central Puerto, Argentina’s ...
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
Chile’s state-run miner Codelco plans to select a partner for a future lithium project in one of the country’s top salt ...
Chile’s SQM called another investors meeting at the request of its second-largest shareholder, Tianqi Lithium Corp., ...
Lithium supplier Vulcan Energy on Wednesday announced the start of production of the first lithium chloride at its ...
A stuttering recovery in lithium prices is providing a fresh reminder of why the dramatic rally of recent years was ...
A US and European Union push to reach an accord on fostering critical mineral supply chains is set to miss another ...
Chinese coal prices are likely to keep falling until the start of the peak summer season, suppressing imports of the ...
Trading of CME Group Inc.’s nearly three-year-old lithium hydroxide futures contract is soaring, with more funds ...
No comments have been posted yet ...