McDermitt Lithium Property

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LOCATION & TITLE

Gold Tree Resources holds title to the McDermitt Lithium Project through its wholly owned subsidiary Lithium Valley Holding Corp. The Property is comprised of 315 lode claims and over 6,300 Acres, located in the McDermitt Caldera, Humboldt County, Nevada.

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Gold Tree's McDermitt Lithium Project is located in the McDermitt Caldera,16.4 Ma volcanic center that is commonly recognized as the starting point of the Yellowstone hotspot. The McDermitt Caldera is a known focus of potential economic lithium deposits and currently subject to extensive lithium exploration.

 

Lithium Americas, ("LAC")  has defined and take the Thacker Pass Lithium Project to a prefeasibility study stage and is in the mine permitting stage. While the Thacker Pass project is the focused on one small area of defined mineral resource LAC holds over 5Okm of strike of prospective ground on the western side of the caldera where they have identified an addition 4 zone of Lithium mineralization with the overall distribution of "potential lithium-rich ("Li-rich") sediments". The outline of the Li-rich sediments is directly related to the mapped and interpreted 16.4-16.1Ma Inter Caldera "Moat Sediments", see end page geology and claims map. These sediments were also impacted by a syn to late hydrothermal event focused on caldera collapse structures that bound  the margins of the Moat Sediments or cross them internally as normal faults.

Jinalee Resources Ltd. ("Jindalee"), is the second most advanced explorer in the McDermitt Caldera with a drilled resource to the north of LAC that is open to the to expansion on identified extensions of the Moat Sediments.

 

The McDermit Property claims cover a large area of the outcropping or mapped Moat Sediments within the McDermitt Caldera. LAC holds the claims on the western side where they have developed the one resource and identified four additional zones of mineralization. The ground to the north of LA has be staked and developed by Jindalee. 

 

LAC has a share value of 3.7 billion CAD with two major project and the Thankers Pass Project is rated second of their development projects and can be ascribed a significant proportion oftheir market capitalization (as of July 2022). Jindalee has a number of exploration projects in America and Australia but the MLP is their main project and likely is responsible for a significant proportion of their $150 million USD market capitalization (as of July 2022). 

 

Highlights:

 

  • The widespread identification of economic mineralization within the Moat Sediments in the McDermitt Caldera suggests that the Lithium enrichment of the Moat Sediments is a more general caldera wide mineral system, than a narrow, focused mineralizing system.

  • The Lithium Valley Holding Corp. claims are staked on known or inferred moat sediment rocks that are crosscut by caldera collapse normal faults and are highly prospective for lithium enrichment.

 

  • These claims should have similar potential for lithium exploration the know deposits held by Jinadlee and LAC.