Battery Metals
December 14, 2022

ACME Lithium (CSE: ACME)

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Issued Work Permit By The Manitoba Government To Drill Up To 5,000 Meters At Shatford Lake

ACME Lithium Inc. (CSE: ACME) (OTCQX: ACLHF) (the "Company", or "ACME") is pleased to announce that a work permit has been issued by the Government of Manitoba for the Company's upcoming drill program at its Shatford Lake project in the Winnipeg River pegmatite region in southeastern Manitoba, Canada. ACME's land holdings in southeastern Manitoba comprise approximately 17,000 acres or 70 square kilometres.

Drilling Program Highlights:

  • ACME plans to drill up to 5,000 meters and has mobilized equipment, supplies and crew to Lac du Bonnet, Manitoba.
  • Priority 1, 2, and 3 drill targets from multiple sites have been identified and include numerous pegmatites, some of which were undocumented prior to the summer program.
  • A priority area, referred to as Shatford East, is part of the Shatford - Winnipeg River structure that is a 7 km curvilinear feature on the claim block with multiple observations of pegmatites containing anomalous lithium.

ACME's Shatford Lake claim is located strategically and abuts to the south of Sinomine Resource Group's world class Tanco Mine, a Lithium, Cesium and Tantalum producer (LCTs) since 1969. Tanco Mine and Shatford Lake areas are located in the pegmatite fields of the southern limb of the Bird River Greenstone Belt (BRGB). The Shatford - Winnipeg River structure is analogous to the Bernic Lake high strain zone that is interpreted to be related to the Tanco pegmatite.

The northern and southern limbs of the Bird River Greenstone Belt contain at least 10 pegmatite fields and host hundreds of individual pegmatite bodies, of which many are classified as complex rare-element Lithium-Cesium-Tantalum (LCT) pegmatites. In both limbs of the BRGB, pegmatites are associated with granitic intrusions into structurally dilatant zones adjacent to major belt parallel shear zones. Worldwide, LCT pegmatite deposits account for about one-fourth of the world's lithium production, most of the tantalum production, and all the cesium production.

ACME completed an extensive summer exploration program employing remote sensing, structural geology, ground-based geological mapping, and geochemical sampling to localize targets for drilling. The Company's exploration focus is on spodumene-bearing LCT pegmatites that are a source for high quality lithium that can be converted to lithium carbonate.


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