Source: ACME Lithium Inc.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • ACME Lithium Inc. (ACME) has begun its drill program at the Shatford Lake Project
  • Shatford East is a priority area that is a 7 km curvilinear feature on the claim block with multiple observations of pegmatites containing anomalous lithium
  • The company plans to drill up to 5,000 metres and has mobilized equipment, supplies, and crew to Lac du Bonnet, Manitoba
  • ACME Lithium Inc. (ACME) is trading at $0.30 per share as of 10:35 a.m. ET

ACME Lithium Inc. (ACME) has begun its drill program at the Shatford Lake Project.

The project is located in the Winnipeg River pegmatite region.

Shatford East, part of the Shatford – Winnipeg River structure, is a priority area that is a 7 km curvilinear feature on the claim block with multiple observations of pegmatites containing anomalous lithium.

Following its summer exploration program, the company plans to drill up to 5,000 metres and has mobilized equipment, supplies, and crew to Lac du Bonnet, Manitoba. Drill targets from multiple sites have been identified and include numerous pegmatites, some were undocumented prior to the 2022 summer exploration program. ACME’s Shatford Lake claim is south of the lithium-cesium-tantalum-producing Tanco Mine.

The Tanco Mine and Shatford Lake areas are in the pegmatite fields of the southern limb of the Bird River Greenstone Belt, which contains at least 10 pegmatite fields and hundreds of individual pegmatite bodies, many classified as complex rare-element Lithium-Cesium-Tantalum pegmatites.

ACME Lithium (ACME) is a mineral exploration company focused on acquiring, exploring, and developing battery metal projects in partnership with leading technology and commodity companies.

ACME has acquired or is under option to acquire a 100-per-cent interest in projects located in Clayton Valley and Fish Lake Valley, Esmeralda County, Nevada, and at Cat-Euclid and Shatford Lakes in southeastern Manitoba.

ACME Lithium Inc. (ACME) is trading at $0.30 per share as of 10:35 a.m. ET.


More From The Market Herald

" Go Metals (CSE:GOCO) updates upcoming drill program and issues stock options

Go Metals (GOCO) is planning the Phase 2 drill program at its HSP Nickel-Copper Sulphide Project.

" Centaurus Energy (TSXV:CTA) closes acquisition and transfers assets to Gasener

Centaurus Energy (CTA) has closed an agreement with Argentinian hydrocarbon trading company, Gasener SRL, to acquire Madalena Energy Argentina S.R.L.

" Quantum eMotion (TSXV:QNC) signs commercial agreement with Greybox

Quantum eMotion (QNC) has signed a broad commercial and technical agreement with Greybox Solutions of Montreal.
Featured Video Play Icon

" Datametrex AI (TSXV:DM) subsidiary Nexalogy announces pending launch of AnalyticsGPT

Datametrex AI (DM) subsidiary, Nexalogy Environics, is working towards launching AnalyticsGPT (Analytics Generative Pre-Trained Transformer).