Teels 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.
Shallow auger holes and drill-holes (<60 m) show that unconsolidated basin fill deposits include clays, clastic rocks silts and sands), evaporate deposits, and volcanic ash. With the exception of clays, these rocks represent potential sources of permeability. Volcanic ash beds could host significant zones of permeability, due to the relative proximity of Teels Marsh to young volcanic centers at Mono Craters (near Mono Lake) and Long Valley, California, both located approximately 70 km to the southwest. These ash layers have proven to be the most productive brine sources in Clayton Valley (an active geothermal area). The Bishop Tuff, which is believed to represent an important zone of permeability at Clayton Valley, (site of active lithium production 80 km to the SE) is likely present in the subsurface at Teels Marsh.
Direct evidence of an active geothermal system in the Teels Marsh area has recently been gathered by researchers at the Nevada Bureau of Mines and Geology, University of Nevada, Reno and the Desert Research Institute. This evidence comes from mapping anomalously high temperatures at a depth of only 2 meters below the basin surface: these temperatures are as high at 35C compared to background temperatures of approximately 16-18C. The temperature anomalies occur in two separate zones, both of which are adjacent to a Quaternary fault on the western margin of Teels Marsh basin. The two temperature anomalies have a combined strike length parallel to the fault of almost 4 km. A USGS geochemical survey conducted in 1976 reported lithium values as high as 850 ppm from samples taken from springs marginal to these fault structures.
In 2016, the former owner of the Teels Marsh West Project collected twenty-seven shallow auger sediment samples from the project area. The purpose of the sampling program was to test the sampling method’s effectiveness in collecting samples beneath low sand dunes and alluvial gravel. To reach a maximum depth of 2.9 meters (9.5 ft.) below the surface, additional samples were collected using a powered auger. The holes were initially drilled with an electric auger, and bottom hole samples were collected with a hand tulip style sampler. Pediment Gold LLC of Sparks, Nevada, conducted the sampling. Samples were collected on-site and transported to the ALS Global preparation facility in Elko, Nevada. The samples were analyzed by ALS using their MEMS41 multi-element package, with QA/QC standards and blanks inserted into the sample stream to assure accuracy.
The Teels Marsh West Project’s lithium values ranged from 8.9 to 104.5 ppm, with the two best results obtained downstream of thermal springs on the western part of the property. A general increase in values was observed at the playa margin, with lower values in the alluvial fan on the southwestern part of the property. Due to boulders, many of the sites on the alluvial fan did not penetrate to the maximum depth. The project’s geologist and Qualified Person, Alan J. Morris CPG, supervised the sampling. The Teels Marsh West Project is adjacent to Daijin Lithium Corp.’s Teels Marsh project, which comprises a land position of 3,202 hectares and 403 Placer claims. In 2018, Dajin began constructing the engineered roads and drill pads in preparation for drilling four production-sized exploration wells at Teels Marsh valley. The area is receiving increased attention as electric vehicle battery production builds up in Nevada and worldwide. Greg Reimer, Company President & CEO, stated that the company looks forward to continuing to increase the value of its strategic assets for the benefit of its shareholders.
We follow strict policies and procedures to minimize the impact of our exploration and development activities on the environment and local communities. We engage with local stakeholders and respect their rights and interests.
The demand for Lithium is expected to increase significantly in the coming years due to its crucial role in the production of electric vehicle batteries and energy storage systems, driven by the rapid growth of the electric vehicle market.
With our expertise in mineral exploration and our commitment to environmental and social responsibility, we are well-positioned to unlock the potential of the Lithium deposit and create value for our shareholders and stakeholders.
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