Lithium drilling underway at Reedy Lagoon’s Big Smoky South Project

By Meagan Evans. Published at May 10, 2018, in Juniors

Reedy Lagoon Corp (ASX:RLC) this morning provided an exploration update on its drilling program at the Big Smoky South project in the Clayton Valle in Nevada, USA.

Big Smoky South is one of RLC’s three 3 lithium brine projects in Nevada, along with Columbus Salt Marsh and Alkali Lake North.

RLC reports that drill hole MBD-01, that has a target depth of 850 metres, is now advanced past 320 metres. A number of thin volcanic ash beds were intersected in the upper part of the hole.

This presence of ash beds in the hole is encouraging as such beds are generally considered to be potential sources of lithium available to be dissolved by groundwater.

Big smoky south map

The hole will continue to be drilled down into the zone of low resistivity (magenta and blue colours) as shown on the cross section below. This zone of low resistivity is interpreted to be caused by salty groundwater (brines) and comprises the target zone. Pump testing and water sampling will be carried out within selected zones as they are intersected by the hole.

Big smoky south planned drill holes

Of course, as with all minerals exploration, success is not guaranteed — consider your own personal circumstances before investing, and seek professional financial advice.

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of Maven Capital Pty Ltd (AFSL No. 418504). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

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S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

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