The Salt Wells North project is a lithium/boron exploration project located 15 miles from Fallon, Nevada. The property consists of 41 unpatented placer claims covering 8,20 acres. The property is located in a playa that has all of the characteristics needed for lithium brine and lithium/boron rich sediments: 1. arid climate; 2. closed basin containing a playa; 3. tectonically driven subsidence; 4. Mechanism for freeing lithium ions from simple compounds; 5. Suitable lithium source rocks; 6. One or more adequate aquifers; 7. Sufficient time to concentrate a brine; and Geothermal heat and acidic waters to improve the leaching of lithium from sediments.
Surface geochemical sampling of salts has defined a 4 miles long by 2 miles wide area averaging over 200 ppm lithium and over 400 ppm boron. Lithium values range up to 1,000 ppm and a boron assay from a soil sample ran >1.0 % boron. North-south faulting appears to be the dominant structural feature and these have numerous springs along their paths. A major geothermal system occurs north and west of the project and may have helped produce the exceptional lithium and boron values found to date.
MT and gravity survey data has narrowed the final target area to a zone with high surface values, the deepest portion of the basin, and extremely low (<0.5 Ohm) resistivity responses at depth.
