Metal Energy Corp announces downhole geophysical work identifies two Brine reservoirs
Vancouver, Canada
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February 26, 2024 10:26 AM Eastern Standard Time
Metal Energy Corp CEO James Sykes joined Steve Darling from Proactive to share exciting developments regarding the company's SourceRock lithium brine project near Thunder Bay, Ontario.
The project, situated in the Thunder Bay-Nipigon area of northwestern Ontario, spans an expansive area of 915 square kilometers, making it highly prospective for lithium brines. Sykes revealed that a downhole geophysical survey conducted by the company has identified two distinct brine reservoirs in drill hole SR-24-01.
The upper zone, ranging from 151 meters to 165 meters, and the lower zone, extending from 474 meters to 520 meters, show promising lithium potential. Importantly, these reservoirs are believed to be stratigraphically continuous with a historic drill hole, BSW-06-04A, located just 5 kilometers away.
Of particular significance is the lower zone, which exhibits fluid conductivities at least twice that of seawater, indicating the presence of highly saline brines. Scientific research suggests that highly saline brines often contain elevated concentrations of lithium, making them attractive targets for lithium extraction.
Metals Energy Corp's identification of these brine reservoirs marks a significant milestone in the development of the SourceRock project. The company is now positioned to further explore and evaluate the lithium potential of these reservoirs, with the goal of advancing towards commercial production.
As demand for lithium continues to rise, particularly in the electric vehicle and renewable energy sectors, Metals Energy Corp is well-positioned to capitalize on the growing market opportunity.
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Proactive North America
Proactive North America
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