MAX Power Mining Corp. (CSE: MAXX) has begun a strategic entry into the American lithium sector with the acquisition of a district scale opportunity targeting lithium-rich brines and/or claystones in the ~50 sq. mile Willcox Playa in Cochise County, Arizona.
Highlights:
- The U.S. Geological Survey (USGS), after completing some limited drilling at the Willcox Playa in the 1970’s, historically referenced this area as one of the most prospective locations for lithium in the Western United States, similar in its potential to Clayton Valley, Nevada, and the lithium brine and claystone deposits that have been identified there;
- Decades of U.S. Air Force activity in the Willcox Playa has ended, with MAX benefiting from first-mover advantage and securing three well-situated blocks totalling 3,754 acres mostly leased from the state of Arizona;
- The area is surrounded by excellent infrastructure including rail, roads and services in the nearby town of Willcox.
“This strategic move into the United States is another way of differentiating MAX in the growing lithium space in combination with our initiative in northern Quebec where we are the forefront of a highly targeted drive to discover entirely new high-grade lithium camps,” CEO, Rav Mlait, said.
“With an American division and a Canadian division, our view is that we will be able to grow our shareholder base exponentially in 2023 while delivering brisk year-round news flow. Each division will have its own niches in the lithium space, allowing MAX to appeal to very specific audiences in North America, and in each case, this includes quality exploration opportunities that provide potential high impact discovery leverage for investors. In addition, this structure provides for the potential of various strategic corporate options to further build shareholder value including a spinout of certain assets if the opportunity arises.”
Lithium Potential
The Willcox Playa was identified by the USGS in their professional publication paper of 1976 (#1005) titled: “Lithium Resources and Requirements by the Year 2000” (the “USGS Report”) and was referenced as one of the most prospective locations for undiscovered lithium brines and most similarly like the currently exploited brine field in Clayton Valley, home to Albermarle’s Silver Peak Brine Operation.
For further information please visit: https://www.maxpowermining.com/
