Lithium X Energy (TSXV:LIX) has secured the necessary permits from the Bureau of Land Management for four drill holes at its Clayton Valley North lithium project in Nevada.
As quoted in the press release:
The work forms part of the Phase 1 exploration program at Clayton Valley North and results, if positive, will be incorporated into a maiden resource estimate
The Company is permitted to drill four exploration holes on two drill sites that will target potential lithium-brine-bearing formations, including a basal gravel aquifer that lies at the base of the valley. The initial drill program was designed by David Hawkins, Chief Hydrogeologist for Lithium X, with assistance from Will Randall, the Company’s VP of Project Development. A third site, consisting of two drill holes, shall be determined based on the results of these first two drill sites.
Lithium X CEO, Brian Paes-Braga, said:
We are pleased to have permits in hand for the first phase of drilling and are now in the process of securing equipment and drill crews. We are progressing well and anticipate collaring our first exploration core hole in the second quarter.
Click here for the full press release.
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