Loyal Lithium Limited (ASX: LLI) has discovered a significant lithium basin at the wholly-owned Scotty Lithium Project in Nevada, USA.
Managing director, Mr. Adam Richie, commented, “The Scotty Lithium Project continues to deliver with spectacular drilling assay results confirming strong lithium mineralization, representing significant resource potential.”
“With the support of a 5.7km western edge, the sedimentary basin could potentially be accessed via traditional mining solutions from surface. The neighbouring Bonnie Claire Project has recently completed pilot plant test work to produce a high-grade lithium carbonate from the adjoining sedimentary clay.”
The company’s sonic drilling campaign, comprised of three drillholes averaging 171m, for a total depth of 513m. The drilling confirmed the consistent depth of the lithium mineralization between the drillholes (averaging 1.9km) and consistent nature of the geology in the area. The lithium-bearing units are easily distinguishable from the basement volcanic rocks. The Sonic drill rig performed well, with high-quality samples obtained for assaying.
The average lithium grade of the drillholes measures 1,120ppm with a 700ppm cut-off, starting near the surface (9m deep) and spans a 3.6km² area with an average thickness of 108m. Drilling and geophysics data will be utilized for a 3D model and for the creation of an exploration target.
The basin’s 5.7km western edge offers the potential for cost-effective mining due to its alluvial fan rocks, providing excellent accessibility for surface mining.
The Scotty Lithium Project occurs within close proximity to all-weather roads and power infostructure, and is strategically located just 40km north of Beatty, 220km from Las Vegas, and 330km from Tesla’s Nevada Gigafactory.
“Nevada lithium is alive, and the Scotty Lithium Project has shown its potential to play a significant role in the emerging North American lithium supply chain.” Said Mr. Richie.
To find out more, please visit www.loyallithium.com
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