Excerpts from SmCaps
Caeneus Minerals discovers major lithium find in NevadaSeptember 19, 2017Columbus Marsh Lithium ProjectThe 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.
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