Proactive Investors - Run By Investors For Investors

American Pacific Borate & Lithium completes magnetotelluric survey at Salt Wells Projects

The survey data will be used to identify targets in an upcoming drilling program.
American Pacific Borate & Lithium completes magnetotelluric survey at Salt Wells Projects
The projects are in Churchill County, Nevada, close to the Californian border

American Pacific Borate & Lithium Ltd (ASX:ABR) has completed a magnetotelluric (MT) survey over its Salt Wells Borate and Lithium Projects in Nevada, USA.

The survey covered 16 kilometres of ground and the results will be used to determine the location of the basement rock, indicating the potential for brines within the Salt Wells basin.

Analysis of the survey data will be undertaken by Zonge International after which ABR will delineate targets for a drilling program planned in the fourth quarter of 2018.

READ: American Pacific Borate & Lithium raises over $4 million to fund Fort Cady Borate Project

ABR chief executive officer Michael Schlumpberger said the results of the MT survey were a critical source of information.

“[They provide] a vital step that allows ABR to select the most prospective locations and higher-probability brine targets within the Salt Wells basin for the initial phase of drilling planned for the near future.”

READ: American Pacific Borate & Lithium adds acreage to exploration projects in Nevada

Salt Wells covers an area of 36 square kilometres with surface salt samples from the northern area recording up to 810 ppm lithium and over 1% boron, for a 5.2% boric acid equivalent.

The area is close to major highways and lies in what is believed to be an internally-drained, fault-bounded basin that appears similar to Clayton Valley, where lithium is currently produced by Abermarle Corporation.

Borates were produced from surface salts in the 1800s from the Salts Wells North site, and with the exception of recent surface salt sampling from the northern area, no modern exploration across the tenements has been completed.

View full ABR profile View Profile

American Pacific Borate & Lithium Ltd Timeline

Related Articles

Drilling activity at Kharmagtai Copper-Gold Project in Mongolia
January 14 2019
The now validated data and mineral resource update will be used in an upcoming scoping study.
Drilling at Gabanintha project
February 05 2019
The company expects a ‘material’ increase in vanadium resources and will also publish a base metals resource.
1528701921_Minto-mine.jpg
June 11 2018
Pembridge has secured US$30mln from a major Japanese trading house

© Proactive Investors 2019

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