Lithium (Lithco) has started the drilling program again recently at its Salt Wells Lithium property. This drilling has been commenced after a break of three months owing to the unseasonable wet circumstances at several Nevadan Playas.
Lithco has planned to examine the huge lithium brine anomaly region, according to the former declaration, using drill holes with a modest depth of up to 200 ft subsurface to outline the location of the economic concentrations of Lithium at the property. Additionally, the new gravity survey of the company has shown the close location of a huge paleosurficial low to the brine anomaly. Due to this brine resources discovery, the company has stated that the most potential regions are situated in the surrounding area, where a deep basin is present.
The company is continuing to drill and validate the prospects of the Great Basin. During July, it has drilled the Cortez-Grass Valley prospect located in the Lander County of Nevada. Recently, the company has obtained the final assay results from this drilling campaign. As, Lithco has received inconsistent analytical results, which are not positive as expected, the company has resolved to leave this prospect.