Canter Resources Corp. is pleased to report that it has acquired a prospective 1,000-acre property in Railroad Valley, located in Nye county, Nevada.
The RV Project is located 164 kilometres east-northeast of Tonopah, Nevada, and accessible via Highway 6, ideally located for exploration and potential development. Despite its promising geologic similarities to Clayton Valley, Railroad Valley remains largely underexplored for lithium and boron.
The Railroad Valley basin shares several critical geological features with Clayton Valley, which has been North America’s leading lithium producer since 1966. Both valleys are structurally closed basins with similar fault-bounded graben structures, making them ideal for lithium and boron brine accumulation.
However, Railroad Valley stands out due to its larger basin size, which is 2.5 times larger in catchment area and 3.5 times larger in playa surface area compared to Clayton Valley.
“We are pleased to add another lithium-boron brine target to the Company’s Nevada project portfolio in a valley we view as one of the most promising untapped lithium-boron brine opportunities in the region,” commented Canter CEO, Joness Lang. “We remain focused on advancing exploration at our flagship Columbus Project but will continue to leverage our targeting database to make low-cost strategic acquisitions to strengthen the Company’s portfolio when opportunities present themselves.”
Historic soil samples collected from the Railroad Valley site have returned values between 150 and 280 ppm lithium, a range consistent with known lithium brine-producing basins. Recent soil sampling by Canter returned surface values of up to 160 ppm lithium and 610 ppm boron.
This, coupled with the area’s high geothermal heat flux, enhances the potential for diagenetic alteration and lithium and boron release from surrounding volcanic and sedimentary formations into the underlying brine aquifers. The RV Project is contiguous with claims held by 3 Proton Lithium (private), who is the largest claim holder and most active lithium-boron exploration company in Railroad Valley.
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