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- Auroch Minerals (AOU) claims a further 381 stakes within the Nevada lithium project (NLP) in Nevada, increasing its footprint to over 50 per cent at the project
- The company identified new drill targets through its extensive geological mapping and basin modelling, targeting lithium claystone mineralisation
- Concurrently, the company received permitting approval to commence drilling activities at San Antonne while awaiting applications for other targets
- Auroch also confirms a reverse circulation drill rig for its maiden 3000-metre program due to commence in late January
- Shares in Auroch are up 5.66 per cent, trading at 5.6 cents at 12:46 pm AEDT
Auroch Minerals (AOU) has claimed a further 381 stakes within the Nevada lithium project (NLP) in Nevada since its acquisition in June 2022.
The company identified new drill targets through its extensive geological mapping and basin modelling, targeting lithium claystone mineralisation.
The first parcel of land surrounds the San Antonne East claim area which has now been
expanded with an additional 128 contiguous claims.
A second large land parcel to the north of Lone Mountain was also identified as being prospective where two phases of drilling identified lithium-bearing claystone with peak lithium concentrations of 1940 parts per million.
A total of 253 contiguous claims were staked over the vacant area which is now known as Western Flats.
Standard Bureau of Land Management (BLM) mining claims have been staked to secure the new targets at a block size of 1500-foot length by 600 foot width, or approximately
457-metre length by 183-metre width.
In total, Auroch has increased its land holding in the Tonopah region by over 33 square kilometres which represents a 50 per cent increase of the NLP footprint.
“Auroch anticipates an exciting 2023 from our targeted exploration activities to unlock the battery minerals potential of our quality global projects,” Technical Director Robin Cox said.
Concurrently, the company has received permitting approval to commence drilling activities at San Antonne while applications have been submitted to the BLM for other targets.
Auroch has also confirmed a reverse circulation drill rig for its maiden 3000-metre program due to commence in late January.
Shares in Auroch were up 5.66 per cent, trading at 5.6 cents at 12:46 pm AEDT.
