ACME LITHIUM FOCUSED ON DISCOVERY IN SASKATCHEWAN AND MANITOBA

ACME Lithium, a mineral exploration company focused on acquiring, exploring, and developing battery metal projects in partnership with leading technology and commodity companies, has its sights set on central Canada as one of the most exciting places for lithium exploration and development.

ACME currently holds mining claims totalling 41,694 hectares at its Bailey Lake project in northeastern Saskatchewan, as well as claims totalling approximately 17,000 acres in the pegmatite fields of the Bird River Greenstone Belt in southeastern Manitoba, next door to the world class TANCO mine. With both regions being highly prospective for lithium and showing encouraging geology, ACME is taking the steps to be at the forefront of lithium exploration in central Canada.

In northeastern Saskatchewan, ACME has just completed a summer exploration program in partnership with AXIOM Exploration Group. The summer exploration program consisted of 1,166 line-km of helicopter borne tri-axial gradiometer magnetics, radiometrics, and LiDAR as well as prospecting for additional drill targets which included 336 rock samples collected for geochemical analysis. Samples have since been sent to SGS Canada Inc. for testing with results expected in Q4 2023.

The exploration program expanded on previous historic sampling in the area that displayed lithium occurrences in spodumene in the Bailey Lake and Misaw Lake region, with ACME’s large claim block containing multiple indications of LCT pegmatites. As Saskatchewan is a highly prospective region for critical mineral development and the Saskatchewan government recently announcing an expansion to its existing investments and innovation incentives for lithium projects, ACME hopes to be at the forefront of lithium exploration in the province.

To the east in Manitoba, ACME spent last winter conducting its Phase 1 drill program at its Shatford Lake project in the southeastern corner of the province. This drill program was based on geological prospecting with lithium determinations by LIBS and geophysical magnetic interpretation. Drilling and magnetic interpretation was successful in defining broad structural belts with multiple unexposed pegmatites and cross structural features in these broad belts that control pegmatite injection. The drill program consisted of eight drill holes where 26 pegmatites were intersected in six of eight holes. 235 samples were collected and sent off for testing from the January to April 2023 drill program, with results indicating four areas with anomalous lithium, tin, or tantalum in pegmatites and one area with a broad lithogeochemical anomaly for lithium, cesium, strontium, and vanadium with thin peg- matites with anomalous Tantalum. The results of the winter drilling program led to three specific areas on ACME’s property that are recommended for follow up. Much of ACME’s project area in Manitoba remain of interest and are underexplored.

ACME Lithium is made up of a team of experience professionals who have successfully built and financed resource companies around the world. Along with holding its two projects in central Canada, ACME holds two mining project areas in one of the most exciting mining jurisdictions in the world: Esmeralda County, Nevada.

In the epicentre of lithium brine development and production, Clayton Valley, ACME has just completed a successful pumping test at its lithium brine project as part of a Phase 2 exploration program. This successful 2023 campaign is waiting on further results that could lead to a potential initial resource.

Just over the foothills to the west sits ACME’s Fish Lake Valley project (FLV). The FLV project area holds 207 mining claims and neighbours Ioneer’s Rhyolite Ridge world class lithium sedimentary claystone project, set to go into mine construction in Q1 2024. With all four North American projects in regions that are highly prospective for lithium, ACME is well positioned in a growing battery market that is set to rapidly grow in the coming years. ✘