An independent evaluation of results from grab samples of spodumene pegmatites at Beyond Lithium’s Victory project in Nevada has concluded that an average grade of up to 5.11% Li2O can be seen at the Last Resort Pegmatite and up to 3.48% Li2O at the Bounty Gold Pegmatite.
The Vice President of Exploration at Beyond Lithium, Dr. Mark Ashcroft, commented on the news by saying, “The results from our initial exploration program at the Victory project are very encouraging and are already showing potential for spodumene-bearing pegmatites that contain significant Li2O grades. The average grades of up to 5.11% Li2O at Last Resort and 3.48% Li2O at Bounty Gold are very high and we are delighted with the results.”
Beyond Lithium has now moved forward and will commence a geophysical survey to better define the two pegmatites in the vicinity of the former Last Resort mine. The results from the survey will aid in further delineating and mapping the two pegmatites, and may enable Beyond Lithium to better estimate the resource potential of the project area.
As spodumene pegmatites are the primary source for lithium-bearing minerals, the findings by Beyond Lithium could lead to the company establishing a significant presence in the global lithium industry, leveraging off the natural resources in Nevada.
It is believed that Beyond Lithium’s exploration program in Nevada will accelerate the development of new lithium production capabilities in the United States. Furthermore, the finding of potentially high-grade Li2O at the Victory project would assist in future lithium demand and help reduce the negative environment impacts associated with current lithium production from hard-rock sources or brine in other parts of the world.
Overall, the latest findings from Beyond Lithium’s exploration program at the Victory project are most definitely encouraging and, if the results continue, could potentially give the United States a leg up in the global lithium industry.