The Miller’s Crossing Lithium Project covers an area of 1920acres of placer claims, located in the Big Smoky Valley, Esmeralda County, Nevada. South of the Big Smokey Valley (BSV) is the Clayton Valley, which is home to Albemarle’s Silver Peak Operation which produces lithium from ancient salt beds and where Pure Energy has recently identified a NI43-101 inferred resource of 816,000 metric tonnes of lithium carbonate equivalent (LCE)* at a cut-off of 20mg/L.
*Technical Report (2015) Spanjers, MS. PG.
The Millers Crossing Project is located east of ground held by Ultra Lithium, and is ~17km north of the Silver Peak mine. The principal target at the Miller’s Crossing Project is a large northeast trending gravity low anomaly which is suggestive of an in-filled basin. The BSV was drilled in 1979 by the United States Geological Survey and anomalous lithium values were encountered in the basin sediments. It is the company’s belief that the quality and concentrations of lithium brines discovered in the Clayton Valley may present in the Big Smokey Valley.
Tesla Motors, which in September of 2015 signed an off-take agreement with Pure Energy, is driving the current lithium boom in Nevada. Tesla is building a lithium-ion battery factory, called Gigafactory, just outside of Sparks, Nevada, which is scheduled to be operational in 2016/17.
May 2016: The Company completed 15 shallow auger holes to test salt and clay layers for lithium and other commercial elements. Assays are expected in the near term.