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Caeneus Minerals commences more lithium drilling

This is the second project in Nevada where drilling has recently commenced.
Caeneus Minerals commences more lithium drilling
Both projects being drilled are targeting lithium brine

Caeneus Minerals (ASX:CAD) has commenced its maiden lithium drilling program at the Scotty’s South Lithium Brine Project located in the U.S. state of Nevada.

The company has a portfolio of five lithium brine and lithium clay projects in Nevada that includes: Lida Valley, Scotty’s South, Columbus Marsh, Muddy Mountain and New King.

The first project to be drilled was Lida Valley, where drilling got underway during mid-June meaning there are currently two projects being drilled.

The next project to be drilled will be Columbus Marsh.

Lida Valley, Scotty’s South and Columbus Marsh are all lithium brine projects, which are typically located in salt flats and have a number of advantages over hard rock lithium projects.

Brine is also a liquid which means that drilling to find it is less energy intensive and once it is found the continuity is more straightforward.

Lithium brine deposits are usually found close to the surface resulting in fewer metres required to be drilled and lower early stage exploration costs.

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Caeneus Minerals Ltd Timeline

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