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Global Battery Metals Receives Drill Permit for Lithium King Property
Vancouver, British Columbia--(Newsfile Corp. - March 24, 2022) - Global Battery Metals Ltd. (T...
About this update from Global Battery Metals Ltd.
[{"type":"text","content":"Global Battery Metals Receives Drill Permit for Lithium King PropertyVancouver, British Columbia--(Newsfile Corp. - March 24, 2022) - Global Battery Metals Ltd. (TSXV: GBML) (OTCQB: REZZF) (FSE: REZ) (the \"Company\" or \"GBML\") is pleased to announce that is has received a drill permit on its 100% owned Lithium King property (\"Lithium King Property\" or the \"Property\") in Utah.Highlights:GBML has received a drill permit on its 1,760-acre Lithium King Property located within Salduro Salt Flats in UtahThe Company is currently engaged with drilling companies to determine the most efficient way to drill and sample the brines for the initial target on the PropertyInitial drilling will test the basin brines of the Salduro Salt Flats for lithium content to a depth of between 1,000m to 1,300mLithium King Property Update:Since the acquisition of the Lithium King Property, GBML has completed work in order to target an initial drill hole to test the basin brines of the the Salduro Salt Flats sedimentary basin for lithium content. The compilation of public data together with historical oil well data enabled GBML to establish a preliminary model for the basin stratigraphy. The ground magnetics and gravity data work conducted in 2021 on four lines spanning across the basin boundary and claim footprint helped further refine the depth of basement model. Further 3D interpretation also enabled GBML to identify a local fault system as part of the underlying basement structures - these faults may be conductive for deep basinal brines. The interpreted stratigraphy of the basin, as taken from historical work, comprises an impermeable layer of volcanic rocks at 200-500m vertically that may separate the basin brines between the upper basin and deeper basin. The lower basin is believed to have higher dissolved metals (i.e., lithium) content as the heavier fluids tend to sink. The initial drill hole is planned to test this hypothesis. The drilling program will be based on a vertical well that will aim to test the depth of the basement, currently estimated between 1,000m and 1,300m and sample the brines of the sedimentary basin at different depths. Historical lithium values from 39 shallow USGS wells (25 feet) averaged 244 parts per million (ppm) and ranged from a low 49 ppm to a high of 1,200 ppm. The Lithium King Property is within t...