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Fuse Cobalt Acquires 100% of Teels Marsh West Lithium Project in Mineral County Nevada
(via TheNewswire) Vancouver, BC - TheNewswire - July 8, 2020 - Fuse Cobalt Inc. ...
About this update from Fuse Battery Metals Inc
[{"type":"text","content":"Fuse Cobalt Acquires 100% of Teels Marsh West Lithium Project in Mineral County Nevada(via TheNewswire)\n\n \n\n\n\n \nVancouver, BC - TheNewswire - July 8, 2020 - Fuse Cobalt Inc. (\"the Company\" or \"Fuse\") (TSXV:FUSE), (OTC:FUSEF), (FRA:43W3) is pleased to announce it has acquired, by staking, 100 placer claims covering 2000 acres (809 hectares) at Teels Marsh, Nevada. The property, called Teels Marsh West is highly prospective for Lithium brines and is located approximately 48 miles northwest of Clayton Valley and the Rockwood Lithium Mine, North America's only producing brine-based Lithium mine supporting lithium production since 1967. Access to Teels Marsh is via a dirt road, west of Highway 95 and northwest of Highway 360 in Nevada.\n\n \n \nTeels Marsh West is a highly prospective Lithium exploration project, 100% owned without any royalties, located on the western part of a large evaporation pond, or playa (also known as a salar). Structural analysis reveals that Teels Marsh is bounded by faults and is tectonically active. Tectonic activities supply additional local permeability that could be provided by the faults that bound the graben and sub-basins.\n\n \n \nRobert Setter, Fuse President & CEO comments \"Fuse staked the Teels Marsh West Lithium project because of our commitment to energy metal exploration and finding great projects in North America that can contribute to the production of the lithium ion battery. Teels Marsh West is such a project. Teels Marsh is a dry lake very similar to the Clayton Valley property, being that they are both closed desert basins (playas) that were mined for borax starting in the mid 1800's 78 kilometres (48 miles) northwest of the Clayton Valley which hosts Albemarle's Silver Peak Lithium Brine Mine, North America's only producing Lithium \"brine-based deposit\". We look forward to developing an exploration plan and continuing to work on this project in a very promising area for lithium exploration.\"\n\n \n \nA finder's fee in the amount of 200,000 shares will be paid in connection with a finder's fee agreement for locating and acquiring the Teels Marsh West Project. The finder's fee is subject to TSX Venture Exchange approval.\n\n \n \nAbout Teels Marsh West:\n\n\n \nShallow auger holes and drill-holes (<60 m) show that unconsolidated basin fill deposits include clays, cl...