Nevada Lithium have drilled their first hole for 2023 at Bonnie...

Nevada Lithium have drilled their first hole for 2023 at Bonnie Claire about 2.2km from Scotty's boundary. It is the first hole drilled beyond 2,000ft.

They drilled to the geological basement 899m deep & hit the jackpot with 530m @ 2,219ppm Li & some sections over 5,000ppm Li. Scotty's site will be similar with more Li at depth as the geology is similar & only a few kilometres away. All quiet at Scotty's now as the focus has shifted to the hard rock sites. I think LLI will eventually sell Scotty's to Nevada Lithium & use the funds for the hard rock sites. Or a big player will buy both as combined they will have one of the largest lithium resources globally.

Highlights:

• High Grade Lower mineralized zone includes 1100 ft (335 m) at 3076 ppm Li (1360 to 2460 ft/ 415 to 750m), including a subinterval of 360 ft (110m) at 4291 ppm Li (1940 to 2300 ft/ 591 to 701m). Samples such as 5390 ppm from 2180 ft (664 m) to 2200 ft (671 m), at 2180 ft and 5080 ppm from 2240 ft (683 m) to 2260 ft (689 m) at 2240 ft, are amongst the highest grades encountered to date.
• Potential for high-grade mineralization beyond the current resource confirmed.
• Upper mineralized zone includes 370 ft (113 m) at 969 ppm from 30 ft (9.1m) depth.
• Existing stratigraphy and mineralization pattern confirmed to aid in future resource upgrade and exploration drill planning.
• Additional results from the 2023 Diamond Drill program will be announced as results are received and interpreted.

BC2301C is the first hole ever drilled beyond 2000 ft at Bonnie Claire and extends the previously encountered high-grade zone by over 400 ft (122 m) in depth. The hole also identifies the potential for significant additional high-grade mineralization which has not been drill-tested to date.

BC2301C Results & Interpretation

Hole BC2301C was planned as part of the PFS infill program to increase grade confidence. However, it also demonstrates the potential for deeper mineralization at Bonnie Claire and allows greater understanding of the deep basin geology. This newly identified potential is illustrated in a cross-sectional grade comparison from hole BC2301C to BC2201C (Figure 1). BC2201C finished in mineralization at grades of greater than 3000 Li ppm (announced in the Company’s News Release September 29, 2022).

The lithium grades of this drill hole – BC2301C– demonstrate a very similar lithology and grade-depth profile to that of existing holes in the area (announced in the Company’s News Release dated September 29, 2022) passing from an upper mineralized claystone horizon, through a barren sandstone horizon, into a lower mineralized claystone horizon (Figure 1). In contrast with previous holes, BC2301C was extended to basement, which was encountered at 2,950 feet (899 m) depth, allowing a more fulsome examination of the lower mineralized zone.

The highest-grade samples returned at BC2301C include 5390 Li ppm and 5080 Li ppm at 2180 ft (664 m) and 2240 ft (683 m) depth respectively, and represent amongst the highest-grade mineralization encountered to date, at depths greater than previously drilled on the Project.





https://nevadalithium.com/news-2023/nevada-lithium-intersects-3076-ppm-lithium-over-1100ft-335-m-within-2219-ppm-lithium-over-1740-ft-530-m/#close