Lithium X has an option to become the largest claims holder with over 15,020 acres (6,078 hectares) in Nevada’s Clayton Valley and land positions both north and south of Albemarle’s Silver Peak mine, North America’s only lithium producer.
Clayton Valley North covering approximately 5,480 acres (2,217 hectares) in northern Clayton Valley, Nevada. The claims are contiguous to private lands and placer claims belonging to the lithium production facility of Albemarle Corporation. Historic drill information and a geophysical survey show the Property covers basin-fill sediments which are similar to the sediments currently producing lithium brines. Two Albemarle production wells lie along the boundary. Two holes are proposed within the Clayton Valley North claims as offsets to the production wells to test the complete stratigraphic section. Drilling and exploration are active in the basin and the permitting process is well established.
LiTHIUM X has also acquired the Clayton Valley South Expansion, totalling approximately 9,540 acres (3,861 hectares). The property is strategically located between and contiguous with the Silver Peak lithium mine operated by Albemarle Corp. on the northern boundary, the Clayton Valley South project operated by Pure Energy Minerals Ltd to the east and the Neptune property owned by Nevada Sunrise Gold Corporation to the west.
The Property is located in south-central Esmeralda County, Nevada, approximately 190 miles northwest of Las Vegas, Nevada and the same distance southeast of Reno, Nevada. Clayton Valley is an anomaly in several ways. It is in the center of lithium-enriched rocks and waters related to rhyolitic volcanism and associated hot springs that occur over hundreds of square miles. It has been an intact basin receiving fluids for millions of years, and those fluids are still at shallow depths because the valley is a stable knot in the dynamic Walker Lane and Basin and Range tectonic terrain. There are geologic arguments that lithium in this basin can be delivered via different processes to various reservoir rocks.
It is also the site of the only lithium brine production operation in North America – Albemarle’s Silver Peak, which has been in production since 1966. The number of publicly acknowledged aquifers has now grown from one to seven on the producing property. Pure Energy Minerals has recently released an inferred resource of 816,000 tons of lithium carbonate equivalent on their Clayton Valley South project, located south across a “bounding fault.”