- ACME Lithium (ACME) commences IP survey at Warm Springs Project, Oregon
- KLM mobilized on March 26th and final results are expected within 45 days
- ACME’s Warm Springs Project is interpreted to be a lithium brine play
- Surface geochemical expressions are ‘leakage’ of a geologic process and can be up to a few miles laterally from the subsurface reservoir / cap
- The intent is to locate a stratigraphic test hole where it also has a reasonable chance of clipping any brine bodies present
- ACME Lithium Inc. (ACME) is up 6.03 per cent, trading at C$1.23 at 11:03 am ET
ACME Lithium (ACME) has contracted KLM Geoscience to complete an induced polarization (IP) survey on ACME’s Warm Springs lithium brine project.
KLM mobilized on March 26, and final results are expected within 45 days. The survey will be used to locate a drill test of the Property.
The WS Project claims are situated regionally in a “nested” cluster of calderas northwest of NYSE-listed Lithium Americas’ Nevada Thacker Pass lithium project and ASX-listed Jindalee Resources Oregon JRL project.
The WS Project adds to ACME’s growing lithium portfolio with two projects in southwest Nevada and two in southeast Manitoba, Canada.
The US and Canada currently import most of their lithium for Li-ion battery construction. ACME’s vision is to provide a significant, long-life lithium supply for domestic consumption and export.
The USGS has listed lithium as a critical mineral to the US “economic and national” security.
ACME’s Warm Springs Project is interpreted to be a lithium brine play. Geologically that requires two conditions to be met: lithium has to be mobile, and there has to be a reservoir with cap rock to retail lithium.
The evidence for lithium being mobile comes from structurally controlled warm springs with alteration and geochemically anomalous water lithium analyses.
Surface geochemical expressions are ‘leakage’ of a geologic process and can be up to a few miles later from the subsurface reservoir/cap, the exploration target.
ACME has now staked 340 placer claims covering approximately 6,727 acres covering gently rolling terrain transected by a well-maintained road to secure that lateral potential.
The BLM has classified the land as Visual Resource level four with some marginal level three, the most flexible categories.
The stratigraphy is only understood in the most general way.
The target interval is bracketed above and below by major basaltic volcanic events and has a more tuffaceous and sedimentary nature.
While the drill target is brines based on current knowledge, drill sampling will also be mindful of lithium-bearing tuffs and fine sediments. Both water and cuttings will be analyzed for a complete test of the potential.
By definition, lithium brines are salty and have good electrical conductors, and a commercial brine deposit will have a significant areal footprint.
IP and resistivity should give a good definition of any significant brine accumulations. The IP survey, as planned, should yield a depth penetration of 500 meters. Traverses are laid out to test across the claim block broadly.
While significantly below the budget cost of detailed geophysical surveys, the intent is to locate a stratigraphic test hole where it also has a reasonable chance of clipping any brine bodies present.
Permitting drilling applications will immediately follow.
Led by an experienced team, ACME Lithium is a mineral exploration company focused on acquiring, exploring, and developing battery metal projects in partnership with leading technology and commodity companies.
ACME Lithium Inc. (ACME) is up 6.03 per cent, trading at C$1.23 at 11:03 am ET.
