Vancouver-based Arbor Metals has purchased the Miller’s Crossing Lithium Project in Nevada, the U.S., through its American subsidiary.
“The Miller’s Crossing project consists of 192 claims covering 3,800 acres in the Big Smoky Valley. The Project fits well into the playa-type brine deposit model as it is located adjacent to, and shares ge-ological similarities with Clayton Valley, home to the only lithium pro-ducing brine operation in North America,” the Canadian miner said in a statement.
An evaluation of surrounding gravity data supports a hypothesis that “the Big Smoky Valley has been in-filled with an estimated 2,000 – 2,500 meters of alluvial fill and many have the potential to host a sig-nificant lithium deposit,” according to the statement.
The value of the latest deal was not disclosed.
Arbor Metals owns two mineral projects in the U.S. and Burkina Faso.