Sign up Australia
Proactive Investors - Run By Investors For Investors

Zenith Minerals defines lithium brine drill targets at Mexican project

The company has used ground-based magnetotelluric geophysical surveys to identify conductive zones.
Mexican flag in front of domed building
The Zacatecas project is in San Luis Potosi State of central Mexico

Zenith Minerals Ltd (ASX:ZNC) has identified two strong conductive zones using ground-based magnetotelluric (MT) geophysical surveys at its Zacatecas lithium brine project in Mexico.

The company this month will begin the permitting process for drill testing.

The Zacatecas project is part of the American lithium joint venture with Bradda Head Ltd, where Bradda is confirming an initial 55% interest by spending US$5 million on exploration.

Robust drill targets at depth

Surveying indicated a conductive layer beneath the Illescas salt lake, between 200-400 metres thick and 2.5 kilometres in length.

The second target was defined at the San Vicente-San Juan salt lake concession, with the target zone between 100-200 metres in thickness at a depth of 50-300 metres below surface.

Survey results show strong conductive zones considered by the JV to be robust drill targets.

The results are interpreted to support the presence of significant thicknesses of basin-fill sediments.

Lithium brines to 2.1% lithium have been reported from small-scale salt production solar evaporation ponds on an adjacent salt lake 10 kilometres west of Zacatecas.

READ: Zenith Minerals drills out widespread near-surface lithium in Arizona

MT geophysical surveys have been successfully used by other lithium brine explorers in Nevada and South America to detect lithium bearing saline brines, which are expressed as conductive layers within deep sediment sequences in salt lakes.

The Zacatecas brine targets are considered by Zenith to be most similar to those hosted in the immature salt lake systems such as Clayton Valley, host to the USA’s only lithium brine operation.

Systematic surface geochemical sampling by Zenith on salt pans covering the Zacatecas tenure returned highly anomalous lithium in surface sediments up to 1046ppm.

This is comparable to and higher than those from competitor lithium brine projects in Mexico and the USA.

View full ZNC profile View Profile

Zenith Minerals Ltd Timeline

Related Articles

August 07 2018
Production at Hellyer is expected to begin in the fourth quarter
lithium rock
Preliminary feasibility study (PFS) completed, definitive feasibility study (DFS) scheduled for delivery by the end of 2018.
June 14 2018
In April, Vast also acquired an indirect interest of 23.75% in the Eureka gold mine

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use