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Monday, August 27, 2018

USA, Nevada: Lithium from Geothermal Brine Company Drills to 1,798 Feet

MGX Minerals Announces Completion of First Hole to 1800' at Kibby Basin, Nevada Lithium Brine Project (News Release)

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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