Nevasca Lithium Project
Summary
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MINERAL TARGETS |
Lithium in Brine and Clay |
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LOCATION & ACCESS |
The Nevasca Lithium Project is accessible year-round via Pocitos and Tolar Grande through the Arizaro Salar on a well-maintained salt road to Lindero Mine located to the east of the Project area. The nearest village is Tolar Grande (population 250), located at about a 2.5-hour drive to the North, and turntable for the mining-related rail traffic between the Province of Salta and Chile. |
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JURISDICTION |
Departmento de los Andes, Salta, Argentina |
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PROPERTY SIZE |
28.42 km2 (7022.7349 acres, 2842 hectares). |
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OWNERSHIP |
Option agreement to earn 100% over 4 years, 2% NSR |
The Nevasca Lithium Project is located on the Salar de Arizaro basin (“Arizaro Salar” or “Arizaro”) within Salta’s provincial boundaries in the Puna Region of northwest Argentina. Salta is one of Latin America’s top exploration jurisdictions and emerging mining frontiers due to its strong and diverse mineral endowment, stable tenure, straightforward permitting, and geopolitical landscape.
The Arizaro Salar the third largest salar in the Lithium Triangle, extending over a total area of 1,600 square kilometers within a 6,000 km2 watershed region. A mature evaporite basin with demonstrated lithium-enriched brines and pore spaces of the sedimentary strata. Some lithium-enriched brines may also be contained in fractures and/or rock pores conforming the basin boundaries.
The Nevasca Lithium Project currently covers over 28 square kilometres of prospective ground with mineralization targets in both brines and sediments. Arizaro remained relatively underexplored until recently. Exploration activity has been increasing significantly by the hands of private and public companies. Recent positive results from a adjacent project to Nevasca controlled by Lithium Chile, and other companies actively exploring the surrounding areas for lithium-rich brines, has raised the bar and so the interest for the Arizaro Salar area.
A recent NI 43-101 maiden resource filed in February 2022 by Lithium Chile has found Lithium values as high as 555mg/l (555ppm Li) at depth in that same Salar. Due to the large extension of the salar, local hydrogeology, spatial distribution and chemical composition of brines, brine-impregnated sediments, clays, and rocks in salar environments and the potential to conform lithium deposits in the Southern portion of Arizaro is poorly understood.
Current Prospecting
The company has undertaken preliminary reconnaissance activities to assess accessibility and evaluate geological features such as types of crusts, clastic and evaporitic limits, and the presence of brine on or near surface on the property
Currently Maverick is reviewing a proposal to complete six (6) VES Lines in E-W and two (2) in N-S direction to further evaluate the basins subsurface topography and to also create a maiden model of the hydrogeological ambient, conductivity, thickness and resistivity values of sediment layers, aquifers, and intersections.
