QX Resources Ltd. has intersected brines in the first drill hole at its Liberty Lithium Project, located on the Nevada-Utah border in the United States. This is an important milestone for the company, as it indicates the presence of hydrothermal activity that could potentially yield an economically viable lithium deposit.
The hole was drilled to a depth of 1,618 feet and intersected multiple brines, which contain elevated concentrations of sulfate (SO4) and other minerals. According to the company, the brine-bearing zone is open at depth and has the potential to extend upwards and downwards.
The findings of the exploration are especially promising, as the lithium content of the brines is considered to be one of the highest grades ever discovered in a region of this nature. The brines also contain high levels of potassium (K), boron (B), and magnesium (Mg), which are all valuable components for the production of lithium-ion batteries.
The discovery of the brines has enabled QX Resources Ltd. to move forward with the development of the Liberty Lithium Project. The company plans to begin a large-scale exploration program later this year, which will involve the drilling of additional core holes and the construction of an exploration camp for staff and equipment.
This is just the latest development in the company’s plans to become a major player in the ever-growing demand for lithium and lithium-based batteries. With its brines intersected, QX Resources Ltd. is well on its way to becoming a world-class producer of this critical resource. The future looks very bright indeed.