PINNACLE OF THE POWER REVOLUTION
THE FISH LAKE
VALLEY CLAIMS
Esmeralda County, Nevada, is the epicenter of lithium exploration and development in the United States. Thru Surface’s US subsidiary, ACME Lithium US Inc., our Fish Lake Valley (FLV) project encompasses 82 mining claims totalling approximately 1694 acres.
REGIONAL ADVANTAGES
- Nevada is the best mining jurisdiction in America with neighboring world class lithium projects in the region
- Access to expertise, infrastructure, rail and roads, power and water
- Excellent weather and all year access and logistics
- Tesla’s Gigafactory is 190 miles (306 km), or a 3.5 hour drive, Northwest
- Las Vegas is less than 200 miles (322 km) southeast
A RICH HISTORY AND PROMISING FUTURE
Exploration on the property shows great potential.
UP TO 1418 PPM SURFACE LITHIUM VALUES
Reported in March 2023 as the highest found to date on the property based on recent geological field review and sampling program which also confirms historical and new lithium occurrences.
LITHIUM WITHIN SEDIMENTARY HORIZONS
Which can potentially be recovered under reasonable metallurgical conditions. Anomalous lithium values based on property exploration since 2010, fine sediments are on the property with some beds enriched in lithium.
BILLION-DOLLAR PROJECT TO THE EAST
Ioneer’s Rhyolite Ridge Lithium-Boron Project neighbors the FLV project claim area to the east where the company has entered agreements with Ford Motor Co, Toyota Motor Corp, and Panasonic Corp to supply lithium for EV battery production in the United States. The Department of Energy recently issued a commitment for a loan of up to US$996 million to finance the construction of the Rhyolite Ridge project. Mine construction is expected to start in 2025.
FIELD REVIEW AND SAMPLING AT FISH LAKE VALLEY
Phase 1 and 2 Field Reviews and Sampling indicate a mineral process was active during deposition of the underlying sediments. Rhyolite-basalt volcanism occurred 15 – 20 million years ago, which grade laterally into widespread sedimentary rocks.
This volcanic event blanketed an area thousands of square miles where ACME’s Fish Lake project is centered. Lithium in volcanics is concentrated in the last volcanic event which typically is the rhyolitic phase. The significance is that where there are rhyolites in volume, there is the potential for significant lithium resources in volume.
PHASE 1 GEOPHYSICAL AND GEOLOGICAL FIELD WORK FINDINGS
- Hybrid-Source Audio-Magnetotellurics (HSAMT) surveys completed on the property in November 2022
- A basin fault is evident near the southwestern end of the profile, with modeled depths to Paleozoic bedrock ranging from about 1.3 km to 1.9 km
- Moderate to low concentration clay sediments are interpreted to be present at the surface near the southwestern basin fault that deepen to about 300 meters and extend beyond a depth of one km over about 80% of the profile
- Higher concentration clay sediments are interpreted over about 700 meters with depths ranging from about 500 to 750 meters.
PHASE 2 FIELD WORK AND SAMPLING
Launched in Q4 2022 with a focus on traverses along a major drainage area where higher lithium values occurred. Findings show certain beds are enriched in lithium.
As of January 2023, ACME signed a teaming agreement with ASTERRA to utilize their groundbreaking Synthetic Aperture Radar (SAR).
- The SAR uses data analytics, patented algorithms and AI to identify lithium specific targets
- This pilot project resulted in our highest lithium values to date and produced approximately double the likely locations of lithium above 100 ppm over traditional methods of geochemistry exploration
- This project gave ACME a way to find targeted locations of lithium while reducing exploration time and costs
In February 2023, utilizing Asterra’s satellite- based technology, ACME discovered the highest surface value to date at 1418 ppm and numerous new occurrences of lithium values over 1200 ppm as well as boron anomalies up to 1964 ppm occurring and adjacent to surface lithium anomalies. Focus has been on traverses along a major drainage area where higher lithium values occurred and findings show certain beds are enriched in lithium.
NEXT STEPS AT FISH LAKE VALLEY
Findings indicate the FLV Project is drill-ready, and drilling has been recommended to determine the relationship between the different interpreted concentrations of clay sediments and the presence of lithium.
