Caeneus Minerals Ltd (ASX:“CAD) remains focused on its lithium brine projects located in Nevada, U.S.
At Lida Valley, results have been received from water samples submitted from the two exploration drill holes.
Water encountered determined to be mostly potable with assays returning maximum dissolved solids of 1,360mg/l (ppm).
This Phase One Drilling Campaign targeted sediments of a basin defined by ground gravimetric data and inferred from resistivity data to host lithium rich brines.
Drilling at the Columbus Marsh Project has now commenced following being temporarily suspended due to the heavy unseasonal rainfall in the area.
Caeneus said that it is highly encouraged by the potential at Columbus Marsh, and notes the significance of the epithermal systems that surround the large mature tertiary saline basin, indicating that hot springs activity has been an influence.