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Arizona Lithium (ASX:AZL) - Managing Director, Paul Lloyd
Managing Director, Paul Lloyd
Source: Arizona Lithium
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  • Arizona Lithium (AZL) doubles its land position at the Lordsburg Lithium Brine Project in New Mexico
  • Following a strategic review of the project, Arizona Lithium staked a further 96 Bureau of Land Management (BLM) claims next to its existing claims, doubling the project’s footprint to 15.5 square kilometres
  • The company says these new claims offer the potential to host lithium mineralised brines and have been submitted to the Bureau for approval   
  • Meanwhile, a permit for 145 exploration holes at the Big Sandy Lithium Project in Arizona is still pending BLM approval
  • Arizona Lithium last traded at 13 cents on November 5

Arizona Lithium (AZL) has doubled its land position at the Lordsburg Lithium Project in New Mexico.

Following a strategic review of the project, Arizona Lithium staked a further 96 Bureau of Land Management (BLM) claims next to its existing 96 claims. The new claims double the project’s footprint to 15.5 square kilometres.

Previous surface sampling acquired by the company returned values of up to 114.5 parts per metre (ppm) lithium.

The company said these new claims offer the potential to host lithium mineralised brines and have been submitted to the BLM for approval.   

Arizona Lithium Managing Director, Paul Lloyd, said the company is encouraged by initial results at the Lordsburg Brine Project in New Mexico.

“With sufficient lithium grade, close proximity to renewable energy sources and direct access to the interstate highway system, this project has the potential to be a timely contributor to growing lithium supply requirements in the USA,” said Paul Lloyd.

Arizona Lithium said its next step will involve teaming up with geophysical consultants, Resource Potentials, to complete a passive seismic survey on the tenure in the first quarter of 2022. This is set to be in conjunction with Titan magnetotelluric electromagnetics to test for potentially lithium mineralised subsurface brines.

Meanwhile, a permit of exploration for Arizona Lithium’s Big Sandy Lithium Project in Arizona is still pending BLM approval. The permit includes 145 exploration holes and a bulk sample.

Metallurgical test work on the Big Sandy lithium mineralised material is ongoing and continues to offer the potential to develop into a project with a very low environmental footprint.

Arizona Lithium last traded at 13 cents on November 5.

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