The target is a shallow aquifer beginning at 1 to 3 feet deep and from historic analytical work, contains brine grading from 22.0 to 81.2 ppm lithium, averaging 57.6 ppm lithium from 10 wells drilled on two mile spacing.
Brine was encountered in several shallow (18 feet) auger holes drilled by Quintana Petroleum in 1966. The area was originally explored for potash however recent robust prices for lithium renders the project suitable for further evaluation.
For context the Silver Peak lithium brine mine in Nevada produces brine from wells as deep as 1,000 feet grading 100 ppm lithium.
Foster Wilson, President of MSA, comments, "We are excited to add this very prospective project to our portfolio and look forward to providing updates on our exploration plans. The shallow nature of the brine will allow for a brisk exploration pace and will be less expensive than traditional deep, hard rock mineral projects."
Mesa is exploring a portfolio potash, gold and silver mineral properties in the United States where it controls significant land holdings in proven mining districts with excellent access and infrastructure.
Mesa currently has 16.7 million shares issued and outstanding, 50% of the shares are controlled by insiders and institutions.
