MGX Minerals Inc. has announced that joint-venture partner Belmont Resources (BEA) has reported that drilling has reached a depth of 1,798 feet (548 metres) into the playa sediments in hole KB-3, the first hole of the 2018 drilling program at Kibby Basin.
The first section of the hole was drilled to a depth of 1,270 feet using a mud rotary method, and the remaining 528 feet was completed with a diamond core tail. A total of 126 samples of drill cuttings from the mud-rotary section of the hole have been collected and shipped to ALS Global lab facility in Reno, Nevada for assaying. Lithium and multi-element assay results from these samples will be compiled once testing is complete.
MGX has developed a rapid lithium extraction technology eliminating or greatly reducing the physical footprint and investment in large, multi-phase, lake-sized, lined evaporation ponds, as well as enhancing the quality of extraction and recovery across a complex range of brines as compared with traditional solar evaporation.
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From the Global Geothermal News archives:
- Wednesday, August 1, 2018 - USA, Nevada: Geothermal Power Plants Could Figure in Plans to Extract Lithium and Gold from Brine
- Tuesday, January 23, 2018 - USA: Lithium Extraction Company Hires Geothermal Energy Veteran Randy Keller
- Friday, December 1, 2017 - USA, California: Lithium from Geothermal Brine Company Targets Golden State for Opportunities
- Wednesday, November 29, 2017 - Science & Technology: New Method to Extract Lithium and Gold from Brine at Geothermal Power Plants