Lancaster Resources (CSE:LCR,OTCQB:LANRF,FWB:6UF0) is gearing up to drill an exploration well at its Alkali Flat lithium brine project in New Mexico following the receipt of a technically complete letter from the New Mining and Minerals Division pertaining to its permit application.
“Hopefully we can get started within the next 30 to 60 days,” said CEO Penny White. “Basically we’ll be doing our exploratory well, which is really just a drill that will go down about 700 meters. And what we’ll be able to do is explore that to really interesting targets that we’ve delineated through all of our exploratory work to date, and one is about 100 meters down.”
White explained that the Alkali Flat project is a compelling asset due to its high lithium concentrations and potential for environmentally friendly production methods.
“Alkali Flat has everything that you would want to see in a really big, productive, commercially viable brine deposit. And it also had the second highest concentration of brine in the surface sediment samples,” White said.
Watch the full interview with Penny White, president and CEO of Lancaster Resources, above.
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