Posted by Daniel Gleeson on 27th April 2023
ASTERRA has announced that its Earth observation solution was used in collaboration with ACME Lithium Inc to locate 14 new points of interest for lithium in Fish Lake Valley, Nevada, USA.
In past uses of ASTERRA’s solution to locate lithium, it was reported that locating of the mineral was confirmed upon sampling with up to 1,418 parts per million (ppm) lithium values. This was the highest found to date on the property, according to ASTERRA. The data was based on a recent geological field review and sampling program that also confirms historical and new lithium occurrences.
“Exploration for lithium at our Fish Lake Valley project shows great potential, and as a result of the use of ASTERRA’s leading technology solutions, we can confirm that ACME has confirmed drill targets at Fish Lake Valley,” Steve Hanson, President and CEO of ACME, said. “We are moving forward to advance this program this year to discover this critically needed resource in an efficient and cost effective way.”
Elly Perets, CEO of ASTERRA, said: “ASTERRA is pleased with the continued positive results in locating lithium using our technology. This method has the potential to save the industry millions of dollars per year in exploration costs, as well as reducing significantly the footprint of exploration and impact on the environment.”
Since January of 2023, ACME and ASTERRA have collaborated under a teaming agreement to use ASTERRA’s Synthetic Aperture Radar (SAR) solution to locate minerals beneath the surface of the Earth. By combining data analytics, patented algorithms, and AI, ASTERRA identifies lithium-specific targets without destruction of the environment, it says. The pilot project resulted in ACME’s highest lithium values to date and produced approximately double the likely locations of lithium above 100 ppm over traditional methods of geochemistry exploration, enabling ACME to find targeted locations of lithium while reducing exploration time and costs, it said.
Read the full article here