Astute Metals (ASX:ASE) has received a green light for a maiden drilling campaign in May at its Red Mountain Lithium Project in Nevada, US.
Having landed the go-ahead from the US Department of the Interior Buraue of land Management, the company intends to tackle 1,500m of drilling, subject to ground conditions and rock types intersected.
Drilling contractor Harris Exploration has been tapped to carry out the program.
Chairman Tony Leibowitz says: “With permitting now complete and a drill contractor secured, Astute is advancing its final preparations for drilling at the exciting Red Mountain Project — and is one step closer to confirming the board’s view that a discovery beneath recently reported strong surface lithium anomalism and high-grade lithium mineralisation in claystone rock chips is possible.
“Recent strategic developments in the US with funding of the Thacker Pass Project reinforce the fundamental reason that we are pursuing lithium exploration in
Nevada, which continues to emerge as a premier jurisdiction for lithium exploration globally.”
A second phase of drilling has been tentatively planned, with the aim to move quickly to permit these holes once intersections of lithium are confirmed in the initial holes.
The Red Mountain Project is considered ‘highly prospective’ for clay-hosted lithium deposits, which form some of the ‘largest’ lithium deposits in North America.
Astute Metals is a mineral explorer focused on the discovery and development of a new generation of critical metas projects in tier one jurisdictions globally.
Write to Aaliyah Rogan at Mining.com.au
Images: Astute Metals
