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ACME Lithium Inc. (CSE: ACME) (OTCQB: ACLHF) (the "Company", or "ACME") is pleased to report that the Company has acquired by staking 63 new claims ("FLV claims") encompassing approximately 1,301 acres contiguous to the Company's FLV Project located in Fish Lake Valley, Esmeralda County, Nevada.
With the additional claims, ACME has nearly doubled its footprint in Fish Lake Valley, strategically protecting its north and northwestern portion in the basin.
On October 7, 2021, ACME reported that its recent geological field review and sampling program at Fish Lake Valley had resulted in surface lithium values up to 410 ppm lithium to indicate a mineral process was active during deposition of the underlying sediments. In addition, barium analyses to 1,800 ppm support that the mineral process was active.
Having found that fine sediments the same age as the Clayton Valley occurrences are on the FLV property and that some beds are enriched in lithium, further geophysical surveys and field work are being evaluated to optimize potential drill hole sites to test brine and sediment targets to a reasonable depth.
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.
ACME has engaged California-based ThinkInk Marketing Inc., an arm's length party to the Company for a six month period for an initial fee of US$50,000 for digital marketing and advertising services to assist ACME in increasing the public awareness of its projects, services and the Company. ThinkInk has no interest directly or indirectly in ACME or its securities.
About ACME Lithium Inc.
ACME Lithium is a mineral exploration Company engaged in the business of acquiring, exploring and evaluating natural resource properties. The Company has acquired or is under option to acquire a 100-per-cent interest in 122 claims encompassing approximately 2,440 acres, comprising the CC, CCP, JR and SX placer lithium claims, located in Clayton Valley, Esmeralda County, Nevada. ACME also holds a 100-per-cent interest in the FLV claims, being 144 lode mining claims totaling approximately 2,921 acres, in Esmeralda County, Nevada, which are prospective for lithium contained in tertiary claystones.
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 exercise of the Option, the undertaking of any expenditures on the Project Claims, including drilling thereof. 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/101668
