Kibby Basin Lithium Project, Nevada
Kibby Basin Lithium Project, Nevada
- Belmont owns 100% of the Kibby Basin Lithium Project totalling 16,012 acres (6,480 ha) in southwest Nevada, USA.
- The Kibby Basin Project is located 60kms north of Clayton Valley Basin Lithium projects
- The setting of Kibby Flat within the Monte Cristo Valley indicates a basin large enough to develop layers that could act as aquifers.
- Regional gravity data suggest a basin with sufficient depth to provide enough volume of Quaternary sediments to host aquifers of sufficient extent.
- Groundwater is present and widespread.
- Geothermal indicators suggest an area with locally higher heat-flow.
- Kibby Basin has similar regional features to the Clayton Valley Basin.
- The Basin is a closed with no outlets for drainage.
- The surrounding range contains the same and closely age-correlative lithologic units to those identified around Clayton Valley.
- The faulting around Kibby Basin is also similar in orientation.
- The basin appears to be large enough to allow for development of a favorable hydrogeologic setting to host lithium-bearing brines.
- The Kibby property is fully permitted by the state of Nevada to extract a maximum of 2.0 cubic feet per second or 2,896 acre-feet (944 million gallons) annually of water for brine processing and production of lithium compounds.
- A gravity survey and a subsequent report by James L. Wright M.Sc titled “Kibby Basin Property Gravity Suvey Basin Model” June 26, 2016 reported that the Kibby Basin model generated reveals the basin to be a closed structure basin on the order of 3,000 m deep.
- Major structure are identified in Kibby Valley bounding the valley on three sides.
Magnetotelluric (MT) Survey Identifies Large Conductive Zone
A MT Survey was conducted in February 2018 by Quantec Geoscience Ltd. The objective of the MT survey was to map potential saturated Li brine in the Kibby Basin project area. Such Li-rich brine should be associated with a very conductive zone at depth as “Lithium brine deposits are accumulations of saline groundwater that are enriched in dissolved lithium.”
The MT resistivity clearly mapped a thick and conductive zone at approximately 500m depth that may represent a potential target for Li-brines. This conductive unit seems to out-crop near the centre of the grid
Exploratory Borehole KB-3
Borehole KB-3 tested this area and showed anomalous concentrations of lithium in the core between 287 meters and bottom of hole at 548 meters (261 meters) including a 30m intersection averaging 415 ppm Li (338m-369m) and a further 118m intersection averaging 399 ppm Li (428m – 546m) with up to 580 ppm Li. The anomalous lithium was in silt and clay soils. (Reported in News Releases Sept. 28, 2018 and October 31, 2018 and QP’d by Robert G. Cuffney, Certified Professional Geologist).
Permitted for Water
The Kibby Basin lithium property is fully permitted by the state of Nevada to extract a maximum of 2.0 cubic feet per second or 2,896 acre-feet (944 million gallons) annually of water for brine processing and production of lithium compounds.
Obtaining a water permit for the Kibby Basin lithium project was a major milestone for Belmont where, because of the desert conditions in the region, water is of major importance to any potential mining operation. The Clayton Valley Basin for instance is over-appropriated (current water rights are in excess of water volumes available for an average year) and obtaining water rights for proposed operations is a hurdle that several companies in the Clayton Valley Basin have yet to overcome, even in their advanced stage of development.