TSX-RM Nasdaq-RDNAF
- BLM HAS CONDITIONALLY APPROVED RODINIA’S PLAN OF OPERATIONS PERMITTING ADDITIONAL DRILLING IN CLAYTON VALLEY, NEVADA
- PLAN OF OPERATIONS OUTLINES A DRILL PROGRAM WITHIN A SOUTHERN VALLEY TRENCH WHERE HIGHER LITHIUM CONCENTRATIONS MAY BE FOUND AS A POTENTIAL EXTENSION OF AQUIFERS INTERSECTED IN PREVIOUS DRILLING FURTHER NORTH AND ADJACENT TO THE NEIGHBORING SILVER PEAK LITHIUM PRODUCING OPERATION
- BLM WILL NOW SOLICIT PUBLIC COMMENT ON THE PLAN OF OPERATIONS
- RODINIA HAS COMMISSIONED AN ENVIRONMENTAL ASSESSMENT AS REQUIRED UNDER THE NEPA THAT MAY FORM PART OF THE PUBLIC COMMENT PROCESS
Toronto, Canada, March 1, 2012: Rodinia Lithium Inc. (“Rodinia” or the “Company”) (TSX-V: RM; OTCQX: RDNAF) is pleased to announce that it has received confirmation that the Plan of Operations (“PoO”) submitted by the Company’s US subsidiary, Donnybrook Platinum Resources, Inc., in respect of Rodinia’s wholly owned Clayton Valley lithium-brine project, meets the content requirements as determined by the Bureau of Land Management’s (“BLM”) Tonopah Office in Tonopah, Nevada, USA.
William Randall, Rodinia’s President & CEO, commented, “We are extremely pleased to have received this confirmation from the BLM and to once again be in a position to start planning and moving ahead with our much anticipated exploration program in Clayton Valley. We intend to resume drilling once the Environmental Assessment and public comment period are complete with the intention of delineating a lithium brine resource in the southern trench that extends the length of our southern claim package.”
EPG Inc., environmental consultants out of Phoenix, Arizona, have been commissioned to complete an Environmental Assessment (“EA”), which will address specific issues as required under the National Environmental Protection Act (“NEPA”). Concurrently, or as part of the EA, the PoO will be posted for a 30-day public comment period and will address public concerns. A meeting to discuss the NEPA requirements has been set for Tuesday, March 6th, at 9:30 AM between the Company and BLM. Further information regarding the process will be communicated to the public following this meeting.
The Project is supervised by Ray Spanjers, Rodinia’s Manager of Exploration. Mr. Spanjers is considered a qualified person, as defined by National Instrument 43-101, and has reviewed and approved the scientific and technical information in this release.
About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in North and South America. The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.
Rodinia’s Salar de Diablillos lithium-brine project in Salta, Argentina, contains a recoverable resource of 2.82 million tonnes lithium carbonate equivalent and 11.27 million tonnes potassium chloride equivalent. The project contains a recoverable inferred resource of 952,553,000 m3 grading 556 mg/L lithium and 6,206 mg/L potassium. Throughout 2011, Rodinia will focus on continuing to develop the Diablillos project by completing additional drilling and advancing through scoping study.
The Company also holds 100% mineral rights to approximately 70,000 acres in Nevada’s lithium-rich Clayton Valley in Esmeralda County, and is currently in the process of assessing the size, quality and processing alternatives of this deposit. The Clayton Valley project is located in the only known lithium-brine bearing salt lake in North America, and looks to represent the only new source for domestic lithium carbonate supply.
The Projects are supervised by Ray Spanjers, Rodinia’s Manager of Exploration. Mr. Spanjers is considered a Qualified Person, as defined by National Instrument 43‐101.
Please visit the Company’s web site at www.rodinialithium.com or write us at info@rodinialithium.com.
For further information please contact
Investor Cubed Inc.
Investor Relations
Tel: +1 (647) 258-3311
Aaron Wolfe
Vice-President, Corporate Development
Tel: +1 (416) 309-2696
Investor Cubed Inc.
Investor Relations
Tel: +1 (647) 258-3311
Aaron Wolfe
Vice-President, Corporate Development
Tel: +1 (416) 309-2696
Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “may”, “will” and include without limitation, statements regarding the anticipated timing with respect to the acceptance of the POP; anticipating timing with respect to receipt of various approvals required in order to proceed with the POP; ; the potential of the Diablillos property; the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
Except for statements of historical fact contained herein, the information in this press release constitutes “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “may”, “will” and include without limitation, statements regarding the anticipated timing with respect to the acceptance of the POP; anticipating timing with respect to receipt of various approvals required in order to proceed with the POP; ; the potential of the Diablillos property; the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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