Australia-listed Astute Metals has initiated its first drilling campaign at the Red Mountain lithium project in Nevada.
“We are excited to be drilling again in Nevada as our lithium growth strategy in North America continues to advance,” commented chairperson Tony Leibowitz.
Leibowitz highlighted that the Red Mountain project possesses several compelling characteristics, suggesting it has the potential to be one of the largest lithium deposits in Nevada.
Since staking the project in 2023, Astute Metals has conducted soil sampling and rock chip sampling campaigns, revealing an 8-km-long lithium-in-soil anomaly with associated high-grade rock chip samples.
The ten-hole, 1,500-meter drilling campaign aims to test the thickness and grade of clay-hosted lithium mineralization in strategic locations across a 5 km trend.
The campaign is expected to be completed in June, with assay results anticipated by the end of July.
“If we successfully intersect lithium clays, it will validate our exploration concept and give us the confidence to advance a second drilling campaign in the latter half of the year,” said Leibowitz.
