Standard Lithium stock surges after finding ‘highest grade brine’ in Arkansas

The study will be based on an inferred mineral resource estimated at 1.04 million oz. of gold-equivalent.

With Camino Rojo ramping up production and beginning to generate cash flow, Orla will gradually increase exploration expenditures.

JORC-compliant Ewoyaa lithium resource grows 42%.

Newmont will invest $2.5 million to kickstart the exploration alliance’s activity in the Tethyan Belt.

The company calls reaching the Area 51 zone a ‘significant milestone’ in that it allows tightly spaced underground drilling, geologic mapping and grade control sampling to proceed for the first time.

One drill hole returned 21.50 g/t gold over 2.00 metres within 7.39 g/t over 6.00 metres.

The Clarence Stream deposits have now been connected over a strike of 3.1km.

The property hosts a historic resource of 21.7 million tonnes grading 0.6% copper and 0.6 gram gold per tonne.

Drill highlights included 9.3m grading 4.65 g/t Au, 1,877.1 g/t Ag, 0.03% Cu, 0.39% Pb and 0.02% Zn, starting from 36.6m.