The ELON claim block consists of four 20-acre placer claims and is located in Esmerelda County, Nevada, and is contiguous to claims held by both PURE Energy and Lithium X in Clayton Valley. Clayton Valley is home to Albemarle’s Silver Peak Lithium Mine, the only mine producing lithium from brine in North America. Both PURE Energy and Lithium X are actively exploring their respective claim blocks in Clayton Valley.
The Clayton Valley area has been the focus of significant levels of exploration and acreage acquisition in recent months and is considered to be one of the best places for lithium exploration in North America.
Gochagar Lake Ni/Co/Cu Project
The Gochagar Lake property has grades of up to 3.92% Nickel, 0.70% Copper and 2.86% Cobalt as reported by the Saskatchewan government (Mineral Property # 0880). Historical resource estimates (non-NI43-101 compliant) were generated in 1968 and 1990. The 1968 resource for the Gochagar deposit calculated 4.3 million tons grading 0.30% Ni and 0.08% Cu. J.S. Steel, reported in 1990, that vertical and longitudinal sections were constructed from the existing data and an orebody with reasonably well defined limits was defined containing 1,770,000 tones at 0.735 nickel-equivalent.
The Company is undertaking a complete digital compilation, reprocessing and reinterpretation of all available data in and around the Gochagar Lake area. It is utilizing all of the latest available technology and one of the world’s leading massive sulphide experts to bring the project up to modern standards. This phase of the project is expected to be completed in 4 to 8 weeks with an initial NI 43-101 report and proposed drill program to follow shortly thereafter.
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All of the information in this blog is gathered from public information released by the company.
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