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- Morella Corporation (1MC) identifies key drilling targets at the Fish Lake Valley Lithium Project in Nevada, USA
- The company undertook geophysical exploration activities at the project over a four month period, including passive seismic and magnetotelluric surveys over select areas
- Through analysis of this work, three key prospective drilling targets were identified
- With the targets and drill program concept now confirmed, Morella says it will turn its attention to commencing market solicitation and permitting to support a drill program in the second half of 2022
- Morella Corporation last traded at 3.5 cents on April 27
Morella Corporation (1MC) has identified key drilling targets at the Fish Lake Valley Lithium Project in Nevada, USA.
From December 2021 to April 2022, the company undertook geophysical exploration activities at the project, including a passive seismic survey and a magnetotelluric survey over select areas.
Through analysis of this work, three key prospective drilling targets have been identified.
“These initial drilling targets are the result of very deliberate and well considered steps that were taken to develop our understanding of the Fish Lake Valley Lithium Project,” said Morella CEO Alex Cheeseman.
The drilling targets are currently constrained to the southern area of the project, where the integration of two surveys were completed and modelled.
Morella said additional drill targets may be identified once the company is able to review and consider the outcomes of the ongoing geophysical exploration being conducted in the northern area of the project.
With the targets and drill program concept now confirmed, Morella said it will turn its immediate focus to commencing market solicitation and permitting to support a drill program. This is expected to be conducted in the second half of 2022.
“Coming into the US summer the timing is excellent and we look forward to taking the next step forward with this project,” said Alex Cheeseman.
Morella Corporation last traded at 3.5 cents on April 27.
