VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 1, 2016) – Advantage Lithium Corp. (the “Company” or “Advantage Lithium”) (TSXV:AAL) and its partner, Nevada Sunrise (TSXV:NEV)., are pleased to announce an exploration program update for its Clayton NE project in Clayton Valley, Nevada, which borders Albemarle’s Silver Peak mine – North America’s only brine hosted lithium producer.
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 1, 2016) –Advantage Lithium Corp. (the “Company” or “Advantage Lithium“) (TSXV:AAL) and its partner, Nevada Sunrise (TSXV:NEV)., are pleased to announce an exploration program update for its Clayton NE project in Clayton Valley, Nevada, which borders Albemarle’s Silver Peak mine – North America’s only brine hosted lithium producer. The program will be comprised of both ground geophysics and Reverse Circulation (RC) drill holes. Three holes (approximately 1,500m total) will focus on high-priority lithium brine aquifer targets close to the Silver Peak border.
- 3 drill targets within close proximity to Albemarle’s Silver Peak mine, where brine production wells are situated within approximately 100m of the Clayton NE property boundary. The drill program is expected to commence during late September.
- Historical drilling within the project area by the United States Geological Survey (“USGS”) was reported to encounter elevated lithium values in ground water.
- Advantage Lithium is the only lithium explorer in the Clayton Valley, other than Albemarle, with access to certified water rights.
David Sidoo, President and Director, of Advantage Lithium, commented: “Within just weeks of closing our acquisition, we are preparing to drill at Clayton NE, where proximity to Albemarle’s lithium production wells and favourable geology, give Clayton NE excellent potential as a lithium brine project. In addition to advancing our Clayton Valley projects, Advantage Lithium is continuing to identify and assess additional projects in North and South America with a view to potential acquisition.”
In addition to the drilling, an 11 line-km Volterra 3D Resitivity ground geophysics survey program will be conducted over the entire project area. The survey will have the potential to identify and image conductive horizons to approximately 600m depth as well as identify subsurface faults. Brine formations, such as those that Albemarle produce lithium from on its neighboring Silver Peak property, should appear as conductive horizons. The location, thickness and potential concentrations of lithium in brines are often influenced and controlled by geological structural features. The 3D Resistivity survey also has the potential to discern and image subsurface structural features such as the Angel Island fault, which is projected to run parallel to and proximal to the eastern claim boundary. The Angel Island fault is interpreted to be an important feature associated with Silver Peak’s economic brine formations. The program is budgeted at CDN $642,000.