Max Power’s Third Well at Willcox Extends the Search for Lithium

The Willcox lithium discovery in Arizona is being rapidly expanded by 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.