Osmond Resources (ASX:OSM) has completed a ground-based gravity survey and is now planning fresh magnetotellurics (MT) work at its Salt Wells Lithium-Boron Project in Nevada, US.
The survey aimed to map out the sedimentary basin architecture and basement structures in the project area and help define the location of the planned magnetotellurics survey.
Data from this gravity survey will be integrated with existing historical data to assist with this work.
Osmond says its recent review of historical data indicates that the base is intersected and bounded by numerous faults, some of which provide the plumbing system for geothermal ground waters.
According to Osmond, geothermal systems are thought to be a critical component to the lithium brine deposit model, along with lithium-rich volcanic sediments and dry, arid environments conducive to evaporation and concentration of brines, all of which exist at the Salt Well project.
Osmond Resources Executive Director Andrew Shearer says: “It is great to be back out on the ground at Salt Well after some weather-related delays. The team has now completed the ground-based gravity survey, and we are looking forward to analysing the results before embarking on the next stage of exploration.
The completed and planned geophysics is designed to expand on existing data and map out aquifers hosting potentially lithium-bearing conductive brines within the fault-bounded sedimentary basin, which will define the potential drilling targets.”
“The completed and planned geophysics is designed to … map out aquifers hosting potentially lithium-bearing conductive brines within the fault-bounded sedimentary basin”
Osmond Resources is an ASX-listed diversified mineral explorer focused on its lithium, boron, gold, and base metal projects in Australia and the US.
As of 30 September 2023, the company had $4.67 million cash at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Osmond Resources
