QX Resources advances first diamond drill hole at Liberty lithium brine project in USA
\nThe project is in similar geological setting to Albemarle\u2019s nearby Silver Peak mine
\nEncouraging fine grained sediments with gravels intersected to date
\nSecond drill hole planned 4km to the south<\/p>\n
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Special Report:<\/em> QX Resources says <\/strong>diamond drilling is advancing successfully on the first hole of a drill program over its large-scale Liberty Lithium Brine project in California, USA.<\/strong>\u00a0<\/strong><\/p>\n The company entered an agreement to earn a 75% interest in the 102km2 project back in October, which it says is one of the largest single lithium brine projects in the USA \u2013 equivalent to twice the size of the Sydney Harbour.<\/p>\n But its more than just the size that\u2019s appealing, with the project\u2019s geological setting mirroring Albemarle\u2019s nearby producing Silver Peak lithium brine deposit in the Clayton Valley, Nevada \u2013 as well as major brine projects in Argentina.<\/p>\n Current drilling at Liberty is centred over an extensive lithium brine surface anomaly and is progressing smoothly to target a series of lithium brine bearing aquifers at depth.<\/p>\n \u00a0<\/p>\n The drill rig on the first drill hole at the Liberty Lithium Brine project. Pic via QXR<\/p>\n \u00a0<\/p>\n Drilling has now advanced to 240m depth in the first hole, with a target depth of 500m planned.<\/p>\n So far, a series of encouraging fine grained sediments with gravels have been intersected which the company says are encouraging early signs, as they are similar to Clayton Valley.<\/p>\n \u201cWe are most impressed with the quality and advancement of drilling since operations commenced on 9 November, as well as with the excellent geological team we have on site,\u201d QX Resources (ASX:QXR)<\/strong><\/a> managing director Stephen Promnitz said.<\/p>\n \u201cThe fine-grained sediments with gravels intersected is an encouraging early sign.<\/p>\n \u201cSeeing again the Liberty lithium project in the flesh was a reminder of what a large lithium brine target this is with all the hallmarks of a successful brine project.<\/p>\n \u201cWe will continue to update investors as drilling advances towards the target zone and continue to report on the progress we are making with the Pilbara hard rock projects.\u201d<\/p>\n The second hole planned \u2013 4km to the south \u2013 will target a large conductive geophysical anomaly that has identified conductive brine aquifer targets in a deep closed basin.<\/p>\n \u00a0<\/p>\n A second drill hole at the Liberty Lithium project is planned 4km to the south. Pic via QXR<\/p>\n \u00a0<\/p>\n What are lithium brines? How do they differ from hard rock deposits? And what does DLE stand for?<\/p>\n Tune in below to hear Stockhead\u2019s Sarah Hughan learn the answers to these questions and more from QXR\u2019s Promnitz.<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n Meanwhile, at the company\u2019s Turner River project in the Pilbara, QXR has returned some of the highest-grade samples of lithium ever recorded in the region of up to 3.8% lithium oxide and 1.3% rubidium<\/strong><\/a> from rock chip samples.<\/p>\n Turner River is part of what QXR is describing as the \u201cSplit Rock Supersuite\u201d, which is associated with the Wodgina and Pilgangoora lithium mines, as well as the 18Mt Marble Bar project being developed by\u00a0Global Lithium Resources (ASX: GL1)<\/strong><\/a>.<\/p>\n QXR owns 100% of four projects in the region.<\/p>\n \u00a0<\/p>\n\n \ufeff<\/span>\u00a0<\/p>\n This article was developed in collaboration with QX Resources, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n \u00a0<\/em><\/p>\n This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n <\/span><\/p>\n The post Encouraging early signs from QX Resources\u2019 big lithium brine play<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"All the hallmarks of a successful brine project<\/strong><\/h2>\n
Why lithium brines?<\/strong><\/h2>\n
What\u2019s new in the Pilbara?<\/strong><\/h2>\n