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Marquee Resources Ltd.
Summary
| Project: | Clayton Valley | |
|---|---|---|
| Deposit: | Clayton Valley | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 9/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-9-2017: Marquee Resources Ltd. announces an Exploration/Drilling Update report for its Clayton Valley deposit at the Clayton Valley project. Drilling results incl. 33.5m @ 6.7mg/L Li from 1090m. Marquee Resources Limited (ASX: “MQR” or the “Company”) i | |
| Resources: | x | |
| CP/QP: | [Overall Report]: William Feyerabend (Not stated) | |
| ABSTRACT: | Marquee Resources Limited (ASX: “MQR” or the “Company”) is pleased to announce the results of the recent exploration program at its 100% owned Clayton Valley Lithium project in Nevada, USA. Final analyses have been received from 10-foot water samples collected from hole AUS-2 drilled by conventional rotary by Harris Exploration Drilling to a total depth of 2000 feet. Hole AUS-1 drilled by reverse circulation was lost to caving. The QAQC program, which included blanks and low, medium and high-grade standards which were regularly inserted in the sample stream, confirm the results. Sample analyses were done by Western Environmental Testing Laboratory in Sparks, NV and ALS Environmental in Ft. Collins, CO. The reported numbers are adjusted for dilution by flocculent needed to drop out bentonite clays used for drill hole wall stability. While MQR believes that analyses of Drill hole Aus-2 are marginal in the strictest sense, these results have opened up the South-Eastern Clayton Valley to an expanded potential because MQR believes that these analyses are too high to readily be explained other than by the Clayton Valley lithium brine formation process. The results are marginal, but geologically significant. The company believes that geologically, hole AUS-2 could potentially re-write the geology of SouthEastern Clayton Valley. It encountered unexpected and significant thicknesses of the same rocks which host lithium brines. MQR believes the mineral potential remains open as do the actual boundaries of the sedimentary basin of Clayton Valley. The company in conjunction with its consultant geologist will now assess the best course of action for the Clayton Valley Project. | |
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