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Main ForumZenith ASX: ZNC mid Dec. drill testing 2 new Lithium prospects - Nevada

  • Two New 100% owned Lithium Brine Projects in Nevada

    • Zenith has secured two new 100% owned lithium brine projects – Spencer and Wilson Salt Flat in Nevada, USA
    • Nevada is host to both Tesla’s Gigafactory and to Albermarle Corporation’s Silver Peak-Clayton Valley lithium brine operation. Silver Peak is the only operational lithium project in the USA
    • Securing these wholly owned projects through claim staking is the result of a 6 month long detailed study by the Company of lithium brine targets in four contiguous western USA states, involving extensive desktop modelling and field studies
    • Initial reconnaissance sampling by Zenith returned up to 550ppm lithium in surface sediments - comparable to and higher than those from competitor lithium brine projects in the USA

    The high-grade lithium surface sample results are coincident with gravity low anomalies reflecting basin sedimentary sequences that potentially host lithium brines. Local geothermal springs indicate active circulating hot waters capable of leaching lithium whilst both aeromagnetic and gravity modelling indicate complex basement geology indicative of major faults capable of channelling and focusing lithium enriched geothermal fluids. Infill surface sampling and ground based geophysical surveys are planned for mid-December prior to drill testing. Download full announcement

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