Iconic Minerals Ltd. of Vancouver, Canada, has announced that it has completed interpretation of a Magneto Telluric (MT) geophysical survey at its second lithium project, Smith Creek Valley, located 140 miles (225 km) east of Reno, near Austin, Nevada.
The Survey has identified a major 4.47 mile (7.6 km) long resistivity low which is interpreted to be a brine horizon.
The basin is bounded by a series of step faults that down-dropped the central basin several thousand feet. Some of these step faults serve as fluid conduits for present day hot springs that border the mud flats. Geothermal activity is believed to be a contributing factor to the presence of economic lithium brines.