Third Drill Hole At Willcox Further Expands Discovery

Third Drill Hole At Willcox Further Expands Discovery

VANCOUVER – MAX Power Mining Corp. is rapidly expanding the scale of its Willcox lithium discovery in Arizona with a fourth diamond drill hole now in progress 3 miles south of a widely-spaced triangle-shaped series of first-ever drill holes that have each encountered thick lithium claystone sequences and multiple fluid sequences.

Diamond drill hole WP-23-03, a 1,640-foot (500-meter) step-out to the south of WP-23-02 in the northern part of the property, intersected a predominant lithium claystone sequence from the top of the hole to the base of the hole at 1,007 feet where it ended in a fluid sequence. Similar to WP-23-01 and WP-23-02, multiple distinct fluid sequences were encountered in WP-23-03 at depths of 72, 328, 368, 638, 934 and 1007 feet. Notably, these non-potable liquid targets have the potential to host lithium mineralization which adds to the uniqueness of the geological setting.

The first three vertical diamond drill holes formed a triangle measuring approximately 1,640 feet by 1,640 feet by 2,300 feet, immediately building volume potential at a property that is being diamond drilled for the first time. Guidance from a Laser Induced Breakdown Spectroscopy Z-903 (LIBS) portable handheld tool continues to suggest the lithium mineralization in the claystones in the three holes completed to date is significantly more intense and pervasive than the encouraging results reported by the USGS in its historic 1978 reverse circulation test drill hole completed 5 to 6 miles west of the first three MAX Power diamond drill holes.

Claystone and brine samples have been sent to ALS Global in Tucson with initial assay results pending The fourth hole is focusing on resistivity low and gravity low anomalies at a target area on the southern part of the property and is expected to be completed later this week, followed by immediate additional drilling.

Peter Lauder, Senior Geologist and Exploration Manager, said, “The first three diamond drill holes at Willcox have shown remarkable consistency and we eagerly await initial assay results from the lab in addition to valuable information pertaining to mineralogy. What we’ve observed to date ticks all the boxes for a near-surface and potentially very large lithium-rich system at the under-explored Willcox Playa which is surrounded by exceptional infrastructure.”