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ACME Lithium Announces Results of Exploration Program at Bailey Lake Lithium Project in Saskatchewan, Canada
Vancouver, British Columbia--(Newsfile Corp. - November 30, 2023) - ACME Lithium Inc. (CSE: ACME) (OTCQX: ACLHF) (the "Company", or "ACME") is pleased to announ
About this update from Surface Metals Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - November 30, 2023) - ACME Lithium Inc. (CSE: ACME) (OTCQX: ACLHF) (the \"Company\", or \"ACME\") is pleased to announce the recently received sample results from the August surface sampling and prospecting program at its Bailey Lake pegmatite project in northeastern Saskatchewan. The program has successfully identified numerous boulder and outcrop samples exhibiting anomalous lithium grades as well as other elevated LCT (lithium-cesium-tantalum) pegmatite indicator elements. The results are the highest ever sampled in the region and highlight the significant potential for high-grade mineralization within the project area. Highlights: Samples grading up to 1.14% Li2O in boulders along trend of anomalous lithium values up to 0.73% Li2O identified in outcrop (Figure 1). Anomalous rare earth indicator elements with samples grading up to 413 ppm Tantalum (Ta) and 2242 ppm Tin (Sn). Highest grading lithium samples coincident with magnetic low. Additional area to the southwest hosting pegmatites exhibiting anomalous Tantalum values (Figure 2). Detailed Airborne Magnetic+Radiometric+Lidar survey completed over 7975 Ha of the property which will assist in further defining priority areas. \"We are encouraged by the results from this initial field program,\" says ACME Lithium President and CEO Steve Hanson. \"The focus of the campaign was to confirm and expand on the limited historic data based on lithium bearing samples reported in 2017. We exceeded these expectations by not only confirming and improving on the historic grades but identifying additional areas hosting LCT pegmatites to the northeast and southwest. We believe this phase 1 exploration effort has only just scratched the surface as to the potential for high-grade lithium on the property. Northern Saskatchewan is underexplored for critical minerals, and the results of this program reinforce the potential of this area of the province to become a new lithium area of discovery.\" ACME Lithium has acquired or in under option to acquire a 100% interest in 18 contiguous mineral claims encompassing approximately 41,694 hectares (or 416 square kms). Figure 1: 2023 Surface sample assay highlights Table 1: Assay highlights from 2023 Bailey Lake Rock Samples Sample ID Li2O % Ta ppm Sn ppm Sample Type Lithology 365649 1.14 75.3 <50 Float P...