Ann: Exploration Update - Lithium Brine Projects, page-44

FYI...
Don't forget about the hard rock lithium projects... Muddy Mountain and New King


Muddy Mountains
Located 50km north east of Las Vegas the 2,542 acres Muddy Mountains is a potentially high impact ‘district-scale’ lithium clay project.

Historic sampling results reported by the US Geological Survey in the area show strong anomalous lithium with greater than 1000 parts per million lithium in the Horse Spring Formation where Muddy Mountain sits, with a channel several kilometres long representing a world class exploration target.

An analogy to the Muddy Mountain Project may include the nearby Kings Valley Project of Western Lithium Corporation (TSX: WLC) – 27 Mt @ 3,950 ppm Li; and the Sonora Lithium Project of Bacanora Minerals Ltd (TSX-V: BCN) – 60 Mt @ 3,000 ppm Li.

The association of boron at the Muddy Mountain Project also suggests potential similarities to the world class Jadar Project, Serbia of Rio Tinto Group (125.3 Mt @ 1.8% LiO2, 12.9% B2O3).



Muddy Mountain Project showing channel outline and sample locations.

The lithium clay deposits (hectorites) display potentially cheaper operating costs compared to other hard rock projects such as pegmatites.

Lithium clays are generally able to be mined using simple open-pit methods, reducing both time and costs of operation.




NEW KINGS LITHIUM PROJECT

And following a slew of high impact acquisitions prospective for both lithium brines and clays, the company may have pulled off their best move yet, with the recently announced acquisition of the New King Lithium Clay Project.

The New King Property claims have excellent nearology, situated in a similar geological setting to Lithium Americas Corp’s (TSX: LAC) Lithium Nevada (formerly Kings Valley) Project which contains one of the largest undeveloped lithium deposits in North America.

New King directly abuts the Lithium Nevada Project, with minerals lying to the east and north of New King.

New King also has strategic relevance being just 350km from the Tesla Gigafactory.



The map below gives you an indication of just how close the property is to Tesla’s Gigafactory.