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Lithium Corp., Idaho North stake Big lithium prospect in Nevada

Lithium Corp. and Idaho North Resources Corp. have jointly staked a block of claims, known as Big lithium prospect, covering about 4,790 acres on the Gabbs Valley playa in Nevada.

According to an Oct. 3 release, the property is located in the Walker Lane structural belt within the Great Basin.

The geologic setting of the prospect is quite similar to that of Albemarle Corp.'s Silver Peak lithium brine operation in Clayton Valley.

Exploratory sediment sampling at the playa returned anomalous values in lithium, with the highest value being 720 parts per million of lithium.

In June, the companies formed a business alliance to locate and explore lithium-bearing properties in Nevada.