(TSXV: BFF) collected twenty-seven shallow auger sediment samples from the Teels Marsh West Project area. Historical Exploration Results from Teels Marsh West: ![]() A USGS geochemical survey conducted in 1976 reported lithium values as high as 850 ppm from samples taken from springs marginal to these fault structures. The two temperature anomalies have a combined strike length parallel to the fault of almost 4 km. The temperature anomalies occur in two separate zones, both of which are adjacent to a Quaternary fault on the western margin of Teels Marsh basin. This evidence comes from mapping anomalously high temperatures at a depth of only 2 meters below the basin surface: these temperatures are as high at 35C compared to background temperatures of approximately 16-18C. The Bishop Tuff, which is believed to represent an important zone of permeability at Clayton Valley, (80 km to the SE of the only North American lithium brine deposit which is being mined by Rockwood Lithium Inc.) is likely present in the subsurface at Teels Marsh.ĭirect evidence of an active geothermal system in the Teels Marsh area has recently been gathered by researchers at the Nevada Bureau of Mines and Geology, University of Nevada, Reno and the Desert Research Institute. These ash layers have proven to be the most productive brine sources in Clayton Valley (an active geothermal area). Volcanic ash beds could host significant zones of permeability, due to the relative proximity of Teels Marsh to young volcanic centers at Mono Craters (near Mono Lake) and Long Valley, California, both located approximately 70 km to the southwest. With the exception of clays, these rocks represent potential sources of permeability. Shallow auger holes and drill-holes (<60 m) show that unconsolidated basin fill deposits include clays, clastic rocks silts and sands), evaporate deposits, and volcanic ash. ![]() Robert Setter, Fuse President & CEO comments, "Given the global mega trend on phasing out internal combustion engines in favour of battery powered vehicles, the timing couldn't be better as demand for metals used in Lithium Ion batteries is forecast to increase dramatically in the coming years." Once the work program is completed, the previously prepared but unpublished NI-43-101 will be updated after which the next steps for continued exploration will be determined. The work to be undertaken will result in an updated technical report and is expected to advance the project as there are at least two potential sub-basins that appear to be on Fuse Ground.Ī small gravity program to determine if there is sufficient lake bed material to provide a brine / ash aquifer target and also to look for potential lithium bearing claysĮxtend the gravity stations from a previous survey by Dajin to cover the property with similarly placed stations Tectonic activities supply additional local permeability that could be provided by the faults that bound the graben and sub-basins. Structural analysis reveals that Teels Marsh is bounded by faults and is tectonically active. Teels Marsh West is 100% owned without any royalties, located on the western part of a large evaporation pond, or playa (also known as a salar). ![]() Access to Teels Marsh is via a dirt road, west of Highway 95 and northwest of Highway 360 in Nevada. Rockwood is North America's only producing brine-based Lithium mine supporting lithium production since 1967. ![]() The property, is highly prospective for Lithium brines and is located approximately 48 miles northwest of Clayton Valley and the Rockwood Lithium Mine. ("the Company" or "Fuse") (TSXV:FUSE ) ( OTC: FUSEF ) ( FRA:43W3 ) is pleased to announce work will commence on the 100 placer claims covering 2000 acres (809 hectares) at Teels Marsh, Nevada. Vancouver, BC - TheNewswire - JFuse Cobalt Inc.
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