Global Battery Metals (TSXV: GBML) announced that through the staking of federal placer claims, it has acquired the property area known as the Lithium King property in Utah, USA.
In a press release, the Canadian miner said the 3,200-hectare property is located on the west side of the Great Salt Lake Basin, adjacent to the community of Wendover.
According to Global Battery Metals, Lithium King has the potential to host a lithium and magnesium brine deposit. Both materials are present on the site as dissolved salts in a large surface brine aquifer, which is believed to be derived from both surface erosion of lithium-rich rhyolites and mineral-rich geothermal brine flows that go into the basin sediments from deep-seated faults underlying the 20-mile-long basin.
The company reported that lithium values from several samples from 39 wells of 25 feet of depth averaged 244 ppm and ranged from a low 49 ppm to a high of 1,200 ppm.
“We are very excited to have added the Lithium King property to our growth-oriented portfolio of battery metals projects,” Michael Murphy, Global Battery Metals president and CEO, said in the media brief. “We look forward to rapidly advancing this property, beginning with digitizing historical data, water sampling, modelling, and ultimately leading to drill testing.”tsxv lithium