Voyageur Minerals Stakes Lithium King in Utah

April 6, 2017
Voyageur Minerals Stakes Lithium King in Utah

Voyageur Minerals Stakes Lithium King in Utah

By InvestorsHub

Voyageur Minerals Ltd has announced staking additional lithium rich brine claims in Utah USA named the Lithium King Project.

Voyageur has recently staked 75 new placer claims 607 ha. (1500 acres) and in addition, has acquired an additional 21 existing placer claims 170 ha (420 acres) of lithium claims in the Bonneville Salt Flats area in Utah, USA.

This brings the total acreage in Utah under Voyageur’s control to 777 ha (1920 acres) (95 claims). Based on published lithium values in numerous surrounding brine monitoring wells, the average lithium grades are 215 ppm with the highest grades recorded at 1,200ppm lithium.

These historical grades are taken from USGS Survey, and the Company has not made any attempt to verify them.

The lithium brine aquifer is found near surface and Voyageur has free flowing surface brine on these new claims.

There seems to be several brine aquifers at depth and the Company believes higher grades may be found in these deeper aquifers.

The historic lithium brine analysis come from shallow wells in the area with most of the wells measuring ~ 5 meters depth.

The basin fill which underlies the Lithium King project is estimated to be at least 500m thick. Though not fully understood at present, there are indications that the deeper brines are possibly geothermal flowing brines and fault controlled.

Voyageurs objectives to move the project forward are to sample surface brines and begin process testing, run geophysical study over the area, drill deeper targets to test lithium values at depth, build pilot plant for feasibility test and produce from multiple wells on multiple drill pads.

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

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