Reedy Lagoon Corporation (ASX:RLC) reports that a recently completed 3D AMT survey over new placer mining claims at its Alkali Lake lithium-brine project in Nevada has resulted in a 4.3km anomaly indicative of a highly-saline brine.
The result sees area under claim at the project increase from 1,042 ha to 2,596 ha, and has defined a ‘substantial’ 4,300m linear target which the company interprets as finite in length and tubular in shape, with a keel extending to at least 600m in depth.
The result sees area under claim at the project increase from 1,042 ha to 2,596 ha, and has defined a ‘substantial’ 4,300m linear target
RLC has now defined multiple brine targets at Alkali Lake from 2D and 3D AMT survey data, which the company considers to be ‘prime targets’ for lithium-bearing brine.
Analysis by the company shows that ground water movement over time has likely seen brine collected in the deepest part of the basin, resulting in denser or more salty fluids created in the lower parts of host stratigraphy due to gravity. It is assumed that more-saline waters will contain higher lithium concentration, providing that a source for lithium is present.
RLC reports that it is investigating follow-up geophysical surveys, including shallow seismic reflection, in a bid to more accurately define lithium-brine targets at Alkali Lake North.
The project is situated 50km from Albemarle Corp’s Silver Peak lithium brine operation, and within 400km by road via US Highway 95 from the Tesla Gigafactory in Reno.
Images: Reedy Lagoon Corporation Ltd.