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USCM Announces Drilling Results from Clayton Ridge Lithium Project

  • Drill results include testing the western half of the Clayton Ridge Basin with 1,455 meters in 15 core holes.  
  • Drill results include intercepts of 17.4 meters of 724ppm Li (30.4 - 47.9 m) and 14.4 meters of 768ppm Li (46.3 - 55.8 m) from easternmost holes.
  • Higher grade intercepts including 2.7 meters of 973ppm Li (34.9 - 37.6 m) from Hole No. CR11-23 indicate potential for increased lithium grades to the east.
  • Results provide technical guidance for additional drilling.
  • USCM has now fulfilled the contractually required drilling commitments which results in USCM holding a 100% interest in Clayton Ridge. 

Figure 1. Geologic map of the Clayton Ridge Basin within USCM’s land position (blue line) showing the location of the 2023 core holes. Section A-A’ is shown in Figure 2.

Figure 2. Geologic section A-A’ showing eastward-dipping Li-bearing claystone observed in Hole Nos. CR04, -06 and -09-23. Section location is shown in Figure 1. Topography and thickness amplified by 10X vertical exaggeration.

Figure 2. Photo of claystone interval containing 973 ppm Li between 58.7 to 61.42 meters in Hole No. CR13-23.

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