JACKPOT LAKE -
Ares Mining has acquired 140 mineral claims comprising 2,800 acres in Clark County, Nevada. The contiguous 'Jackpot Lake' claim group is located 39 miles NE of Las Vegas.
Jackpot Lake property, 39 miles northeast of Las Vegas.
The USGS conducted a survey in 1976 taking 129 core samples, all of which encountered lithium with values up to 550 ppm and an average of 175 ppm.
The geological and structural setting, as well as the weathering history and brine at Jackpot Lake, is highly analogous to the Clayton Valley, where Albemarle has its Silver Peak lithium-brine operation.
Albermarle has been in the continuous production of lithium carbonate and lithium hydroxide products from Clayton Valley brines since 1967.
The property is ideally situated to take advantage of amongst other things the solar energy zone in Nevada, and right off of the highway with associated logistical and infrastructural advantages