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ACME Lithium Inc. (CSE: ACME) (OTCQB: ACLHF) (the "Company", or "ACME") is pleased to provide a corporate update on the exploration status of its Clayton Valley, Nevada lithium brine project, as well as projects in southeast Manitoba and Oregon.
Clayton Valley, Nevada
ACME is in the late stages of preparation of a planned multi-hole drill program at Clayton Valley, Nevada. The drill program will focus on the most prospective lithium brine targets as defined by geophysical work completed in the fall of 2021. ACME's project is contiguous to Albemarle's Silver Peak lithium resource and production facility.
Harris Drilling Exploration and Associates Inc. has been contracted to provide drilling services and related activities.
A Dissolved Mineral Resource Exploration Well Permit Application (DMRE) is in process to be submitted to the Nevada Division of Minerals (NDOM), in addition to the already approved Notice of Intent "NOI" permit to drill with the Bureau of Land Management.
The project geologist will be in Silver Peak before the end of April to meet with equipment operators to commence road grading and drill pad preparation to the first drill hole collar and drill pad locations. ACME will provide further updates once the drilling contractor has mobilized, and drilling commences.
Manitoba
ACME has contracted Norsemen Exploration Inc. to execute an extensive soil and till sampling program at ACME's two projects, Shatford Lake and Cat-Euclid Lake in south eastern Manitoba, Canada. This extensive program is expected to commence in late spring. These two projects include 27 claims totaling approximately 11,803 acres and are strategically situated in the pegmatite fields of the Bird River Greenstone Belt (BRGB). ACME's exploration strategy in the Bird River Greenstone Belt is to employ remote sensing, structural geology, ground-based geological mapping, and geochemical sampling to localize targets for drilling. Our exploration focus is on spodumene-bearing Lithium-Cesium-Tantalum (LCT) pegmatites that can be a source for lithium carbonate deposits.
Oregon
ACME has completed 29.1 line miles of the previously announced IP Survey at its prospective Warm Springs project in southeast Oregon. The IP Survey is currently being processed by KLM Geoscience. ACME has postponed its next phase of work on the Warm Springs project in Oregon pending clarification of claim status and permitting requirements with the Bureau of Land Management.
ACME's project location adjacent to or nearby lithium projects does not guarantee exploration success or that mineral resources or reserves will be defined on ACME's properties. Exploration, development and activities conducted by regional companies provide assistance and additional data for exploration work being completed by ACME.
William Feyerabend, Certified Professional Geologist is a qualified person as defined by NI 43-101 and has supervised the preparation of the scientific and technical information that forms the basis for this news release.
About ACME Lithium Inc.
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 has acquired or is under option to acquire a 100-per-cent interest in prospective lithium projects in the United States and Canada.
On behalf of the Board of Directors
Steve Hanson
Chief Executive Officer, President and Director
Telephone: (604) 564-9045
info@acmelithium.com
Neither the CSE nor its regulations service providers accept responsibility for the adequacy or accuracy of this news release. This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur and in this news release include but are not limited to the attributes of, timing for and expected benefits to be derived from the drilling program to be carried out on the FLV property. Information inferred from the interpretation of drilling and other sampling results may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from the Company's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/121485
