Red Mountain Mining Limited (ASX: RMX) has successfully staked and lodged its application for an additional 102 Lode Claims contiguous to its Mustang Lithium Project in Nevada, USA.
Highlights
• 102 additional contiguous Lode Claims staked the Mustang Lithium Project, Nevada
• Application for claims successfully lodged to the Nevada Bureau of Land Management & granting
is expected to occur shortly
• The Mustang Lithium Project now comprises of 140 Lode Claims covering 1,070Ha of exploration tenure
• Preliminary exploration activities at Mustang underway
The additional 102 claims (covering 853Ha) are prospective for claystone hosted lithium and are interpreted to feature similar host rocks, hydrological settings, and lithium enrichment mechanisms as American Lithium’s TLC Project (NI43-101 MII Resource of 10.7Mt LCE1) and Cypress Development Corp’s Clayton Valley Project (NI43-101 MII Resource of 7.2Mt LCE1).
The resulting total area for the Mustang Lithium Project will be 140 Lode Claims or 1,069.7Ha in area.
The additional staking initiative further expands the company’s footprint in Southwestern, Nevada, the world’s premier region for lithium claystone exploration and development with a defined mineral resource of over 24Mt LCE.
Next steps for Mustang and Lithic Lithium Projects
The company has commenced preliminary exploration activities at Mustang, with the view to conduct additional geological mapping and surface sampling within both the Mustang and Lithic properties.
A Reverse Circulation (RC) drilling programme is currently being planned and will likely comprise of wide-spaced drilling of approximately 10 drill holes at circa 70m in depth. It is expected that the results from this drilling will provide information on the lithium mineralisation to vector further drilling.
For further information please visit: https://www.redmountainmining.com.au/
