The Willcox lithium discovery in Arizona is being rapidly expanded by MAX Power Mining Corp.
Representative Drill Core (photo of near-surface core from WP-23-03, assays pending) Image Credit: MAX Power Mining Corp.
A fourth diamond drill hole is currently underway, 3 miles south of a widely spaced triangle-shaped series of first-ever drill holes that have all encountered thick lithium claystone sequences and multiple fluid sequences.
- In WP-23-03, as in WP-23-01 and WP-23-02, several different fluid sequences were found at 72, 328, 368, 638, 934, and 1007 feet of depth. Interestingly, these non-potable liquid targets may host lithium mineralization, contributing to the geological setting's uniqueness;
- A property that is being diamond drilled for the first time saw its volume potential immediately built when the first three vertical diamond drill holes formed a triangle that measured roughly 1,640 feet by 1,640 feet by 2,300 feet;
- From the top of the hole to the base of the hole at 1,007 feet, where it ended in a fluid sequence, diamond drill hole WP-23-03, a 1,640-foot (500-m) step-out to the south of WP-23-02 in the northern part of the property, intersected a predominant lithium claystone sequence
- The USGS reported encouraging results from a historic 1978 reverse circulation test drill hole that was completed five to six miles west of the first three MAX Power diamond drill holes. However, guidance from a portable handheld tool called the Laser Induced Breakdown Spectroscopy Z-903 (LIBS) continues to suggest that the lithium mineralization in the claystones in the three holes completed to date is significantly more intense and pervasive;
- Samples of brine and claystone have been sent to ALS Global in Tucson, where preliminary test results are still pending;
- The fourth hole is anticipated to be finished later this week and will be followed immediately by more drilling. It is focused on resistivity low and gravity low anomalies at a target area on the southern part of the property.
The first three diamond drill holes at Willcox have shown remarkable consistency and we eagerly await initial assay results from the lab in addition to valuable information pertaining to mineralogy. What we’ve observed to date ticks all the boxes for a near-surface and potentially very large lithium-rich system at the under-explored Willcox Playa which is surrounded by exceptional infrastructure.
Mr Peter Lauder, Senior Geologist and Exploration Manager, MAX Power Mining Corp.
Additional Corporate Update: “Bringing the Supply Chain Home”
To generate wealth for its shareholders, MAX Power is concentrating on becoming a leader in the decarbonization movement in North America by leveraging the lithium industry and its lithium flagship product, Willcox, as it approaches the second anniversary of its public listing as a resource company.
Additionally, the company has purchased sizable land packages encompassing hard rock grassroots lithium prospects in key regions of Quebec, including the underutilized Nunavik and James Bay in the PMET Camp.
To create cutting-edge direct lithium extraction technologies for brine resources, MAX Power has also entered into a cooperative research and development agreement with Lawrence Berkeley National Laboratory, a US Department of Energy laboratory located in California that is run by the University of California. Leading American research scientists Dr Michael Whitaker and Dr Brett Helms are in charge of this project at Berkley Lab.
Dr Whitaker, who has deep knowledge of earth geosciences and is very familiar with lithium deposits in the Western United States, is also Co-Founder and Director of the Lithium Research and Innovation Center at Berkeley.
MAX Power Reviewing Uranium Opportunities
In addition to its mandate to lead the transition toward decarbonization and increase shareholder value, MAX Power has been assessing sophisticated and exceptional "special situations" in the uranium industry for a number of months. In light of this approach, MAX Power is closely examining a few uranium opportunities in preparation for a possible acquisition in the near future.
Investors are advised that there is no guarantee that discussions regarding a potential acquisition will be completed amicably.
As we near our second anniversary as a public company, MAX Power is thrilled to be driving a new discovery in Arizona where the Willcox Playa is being tested for its lithium potential for the first time. This is groundbreaking work by our dedicated team.
Mr Rav Mlait, CEO, MAX Power Mining Corp.
Mr Mlait concluded, “With all that’s unfolding for MAX Power on various fronts as outlined in this news release, and the fact we’ve been able to maintain a compelling share structure relative to many of our peers, management believes this first quarter of 2024 is shaping up to be an important breakthrough period for this young company.”
Source: https://www.maxpowermining.com/