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UPDATE – LITHIUM PROJECTS USA
Caeneus Minerals Ltd (ACN 082 593 235) (ASX: CAD) (“the Company”) is pleased to advise that during the first
quarter of 2021 it will commence a review and assessment of its lithium brine projects in Nevada USA.
The review comes at a time when a potential resurgence in sustained lithium demand and price is likely.
The Company’s CEO, Mr Rob Mosig commented;
“The Caeneus lithium brines projects commenced activities well before my appointment to the Company, however, they contain an intrinsic value which has essentially been put on hold during a fluctuating lithium market.”
“Whilst the flagship and focus for the Company clearly remains the Mallina gold tenements immediately adjacent to
the significant De Grey gold discoveries, I believe the Nevada lithium brines provide an additional opportunity to achieve
more success through careful additional exploration and development or other opportunities”.
About the Lithium Projects
Columbus Marsh
In 2016 Caeneus discovered highly anomalous concentrations of lithium brines within a shallow aquifer at the
Columbus Marsh Project. Columbus Marsh contains a large mature saline basin surrounded by epithermal hot springs.
In November 2017, the Company announced the completion of its drill campaign at Columbus Marsh, further lithium brines were encountered.
The Company encountered highly anomalous lithium brine concentrations which included
an interval 79.25 to 103.63 meters at an average of 80.78 mg/l lithium with a peak value of 95.9 mg/l lithium. (refer
ASX announcement 3 November 2017)
Rhodes Marsh
The Rhodes Marsh basin, is located approximately 15km north to northwest of the Company’s Columbus Marsh
Project. The Company believes that the Rhodes Marsh Project holds many similarities to such basins as Columbus
Marsh and the Clayton Valley. Both the Company’s projects are in the vicinity of other significant lithium projects
(refer Figure 1, page 2)
Caeneus Minerals Ltd (ACN 082 593 235) (ASX: CAD) (“the Company”) is pleased to advise that during the first
quarter of 2021 it will commence a review and assessment of its lithium brine projects in Nevada USA.
The review comes at a time when a potential resurgence in sustained lithium demand and price is likely.
The Company’s CEO, Mr Rob Mosig commented;
“The Caeneus lithium brines projects commenced activities well before my appointment to the Company, however, they contain an intrinsic value which has essentially been put on hold during a fluctuating lithium market.”
“Whilst the flagship and focus for the Company clearly remains the Mallina gold tenements immediately adjacent to
the significant De Grey gold discoveries, I believe the Nevada lithium brines provide an additional opportunity to achieve
more success through careful additional exploration and development or other opportunities”.
About the Lithium Projects
Columbus Marsh
In 2016 Caeneus discovered highly anomalous concentrations of lithium brines within a shallow aquifer at the
Columbus Marsh Project. Columbus Marsh contains a large mature saline basin surrounded by epithermal hot springs.
In November 2017, the Company announced the completion of its drill campaign at Columbus Marsh, further lithium brines were encountered.
The Company encountered highly anomalous lithium brine concentrations which included
an interval 79.25 to 103.63 meters at an average of 80.78 mg/l lithium with a peak value of 95.9 mg/l lithium. (refer
ASX announcement 3 November 2017)
Rhodes Marsh
The Rhodes Marsh basin, is located approximately 15km north to northwest of the Company’s Columbus Marsh
Project. The Company believes that the Rhodes Marsh Project holds many similarities to such basins as Columbus
Marsh and the Clayton Valley. Both the Company’s projects are in the vicinity of other significant lithium projects
(refer Figure 1, page 2)