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Fuse Cobalt Negotiates Data Sharing Agreement with Neighbor At Teels Marsh West Lithium Project in Nevada
(via TheNewswire) Vancouver, BC - TheNewswire - July 28, 2020 - Fuse Cobalt Inc. (...
About this update from Fuse Battery Metals Inc
[{"type":"text","content":"Fuse Cobalt Negotiates Data Sharing Agreement with Neighbor At Teels Marsh West Lithium Project in Nevada(via TheNewswire)\n \n \nVancouver, BC - TheNewswire - July 28, 2020 - Fuse Cobalt Inc. (\"the Company\" or \"Fuse\") (TSXV:FUSE) (OTC:FUSEF) (FRA:43W3) is pleased to announce that it has successfully negotiated a reciprocal data sharing agreement with Dajin Lithium Corp.'s (TSXV: DJI) that is to be formalized in an agreement over the next couple days.\n\n \n \nRobert Setter, Fuse President & CEO comments \"Approaching Dajin about sharing data will allow both of our companies to incorporate the western area of Teels Marsh into the existing basin model. Adding our data set to the existing Dajin exploration model, will save considerable time and money when we look at the development of the lithium brine potential for the Teels Marsh property as a whole. This is a big win for Fuse shareholders as we being to work on our 100 placer claims covering 2000 acres (809 hectares) lithium property in Nevada. As we all know this area has enormous potential given that the property 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.\"\n\n \n \nThe initial work will include a gravity survey at Teels Marsh (see accompanying image of suggested station locations). The goal of this gravity survey is to identify the basin architecture to the southwest of the area covered in the previous Dajin gravity survey and link up the two data sets.\n\n \n \nProposed Gravity Survey Locations - Teels Marsh West\n\n\n \n\nClick Image To View Full Size\n\n \n \nRobert Setter continues \"This program west of our claim block would allow us see if there might be a potential buried sub-basin to the west which could be an area of accumulated lithium. The remaining data points to lows in the area that we would like to see how they might be interconnected on the property to advance the project as there are at least two potential sub-basins on the property. Our follow-up work program will include the use of reverse circulation holes to test for lithium bearing clays going down about 200 m which will give a good indication of the lithium content in the clay but also the content of the brine solution. After this work program is co...