Excerpts from SmCapsCaeneus Minerals discovers major lithium...

Excerpts from SmCaps
Caeneus Minerals discovers major lithium find in Nevada

By

Filip Karinja

-

September 19, 2017

Columbus Marsh Lithium Project

The lithium-bearing brines were intersected at a depth of 79.25 meters (260 feet) and continued to a depth of 103.63 meters (340 feet) resulting in a width of the aquifer of 24.38 meters (80 feet).

Assay of the brine returned a high of 95.9 mg/l lithium (95.9ppm Li or 510.5ppm LiCO3 equivalent) with a minimum assay of the same brine returning 56.3mg/l lithium (56.3ppm Li or 299.7ppm LiCO3 equivalent).

The brine also assayed up to 3,670mg/l potassium and 1,100mg/l boron, indicating strong potential for other revenue-generating commodities to accompany the lithium.