The exploration program has verified that the property hosts a non-43-101 compliant historic resource of 1.7 million tons of lithium grading 0.95% Li20.

The company said its Zoro 1 exploration program is designed to confirm the presence of lithium-bearing pegmatite and to confirm historic ore reserves.

New diamond drilling will provide a current grade and tonnage for the deposit and assess the potential to expand the resource.

According to the company, the Phase 1 consisted of locating, power washing and channel sampling spodumene-bearing pegmatite exposed in 16 trenches on the property.

Analysis of the channel samples collected from historic trenches in the pegmatite target have confirmed that a significant zone of lithium mineralization is present on the Zoro 1 claim.

The company said it is now preparing for Phase 2 of its program, which will assess the third dimension of the deposit and its historic resource, and determine the economic viability of mining the resource.