Australian explorer Caeneus Minerals has announced, following several delays, that the company has achieved 402 metre target depth at its Columbus March lithium project in Nevada, USA.
Results have shown that the project is one of the most significant lithium finds in Nevada outside of the Clayton Valley, a popular lithium hotspot in the sizeable state. Brine sampling of the 253–402 metre interval is now underway, and upon completion a decision will be reached regarding bulk sample collection and pump testing.
Previously, Caeneus had reported lithium brine concentrations for the 79–103 metre interval, and found an average of 80.78 milligrams per litre of lithium, with a peak value of 95.9 milligrams per litre.
New findings from the 115–253 metre interval show variations from 25.8 milligrams per litre at the top of the interval to 41.3 milligrams per litre at its base. Further details of the remaining interval (the above mentioned 253–402 metre mark) will be disclosed in due course.
In addition to its five current US interests (Columbus Marsh, Scotty’s South, Lida Valley, New King and Muddy Mountains), Caeneus is also known for prospective nickel sulphide deposits in Western Australia, including the Pardoo and Super Nova projects.
Nevada is considered a hotbed for lithium activity; electric vehicle manufacturer Tesla’s massive, recently completed, $US5 billion Gigafactory 1 is located in the state, 350 kilometres to the southwest of the New King facility.