Live Energy Minerals Corp. LIVE GTREF ("Live Energy" or the "Company") is pleased to announce preliminary sampling results with lithium (Li) concentrations up to 1907 ppm Li at its McDermitt Lithium East Project (the "McDermitt Project"). This promising project spans 6508 acres in Nevada's McDermitt Caldera, strategically situated in the same basin as the Thacker Pass lithium deposit (see Figure 1), which is being developed by Lithium Americas Corp.
Adrian Smith, CEO of Live Energy Minerals Corp, states, "The high-grade lithium results at the McDermitt Project not only confirm the potential for substantial lithium mineralization in the area, but also emphasize the McDermitt Caldera as a highly favorable region for lithium exploration and development, due to its geological setting and proximity to the Thacker Pass deposit."
Live Energy's preliminary sampling program involved near surface claystone (rock) and soil samples from surface and historical shallow trenches in the project area. Results demonstrated lithium levels ranging from 30 ppm to an impressive 1907 ppm Lithium, with the highest values found in the shallow trenches where intracaldera lake sediments have been exposed.
The McDermitt Project is located within the McDermitt Caldera and shares similar geology with the neighboring Thacker Pass deposit. The Thacker Pass deposit is hosted in a lacustrine sequence of ash-fall tuffs and volcaniclastic rocks formed within the McDermitt Caldera basin lake post eruption. With a measured and indicated resource estimate of approximately 16.1 million tonnes of lithium carbonate equivalent, Lithium Americas Corp. is now progressing with the development of the deposit to produce an anticipated 80,000 tonnes per annum of battery-quality lithium carbonate.
In close proximity to the Thacker Pass deposit, Live Energy's McDermitt Project spans across a remarkable 6508 acres. Following the success of preliminary sampling, the Company is planning to continue its exploration efforts with a more aggressive and comprehensive exploration program, aimed at defining and expanding lithium mineralization at the project.