Rucci: With regards to the lithium, we have multiple areas with defined zones to depth. We have high-value lithium, some of the highest in North America. All of the zones are at depth and have been drilled previously from oil and gas wells. So we know the structures are there, the structures are big and the lithium values indicate high potential to produce from this multiple areas.
The claims are near Moab, Utah. We have the source of the lithium high grade staked in a joint venture with Anson Resources.
The claims have covered the vertical fault zone called the Roberts Rupture. This large fracture was in place before the large meteor impact that’s documented next to the property impacted the area. The fault is called a rupture due to the fact that extreme pressure and temperature forced water and rock to explode up the fracture, pushing dolomite boulders from 10,000 feet below to surface.
The fault is naturally fracked with rock particles forced into the salt formation that holds the lithium brines. This is why there are such high flow rates along this fault zone. The lithium grades are enriched due to the ability of the fluids to geothermally cycle freely along this massive structure. The highest grades of lithium are located in the salt on the contacts of the clastic zones and every time the water cycles past these zones, the water is enriched.
So it has potential for some very economic production of lithium.
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ASN Price at posting:
7.3¢ Sentiment: Buy Disclosure: Held
