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Showing posts with label Puna Plateau. Show all posts
Showing posts with label Puna Plateau. Show all posts

Monday, February 18, 2019

Neo Lithium's 3Q project is one of the purest, and largest Li projects in the world today!


              There are MicroCaps and then there are:

                            "MicroCaps"!

 

Neo Lithium's 3Q project has the lowest impurities of "any" Lithium Brine project in the world, and is the 8th largest in size!

Company Highlights

  • One of the highest-grade lithium brine assets in the world combined with the lowest critical impurity content of any known salar making it ideal for well-known and simple evaporation processing
  • 8th largest lithium deposit in the world today!
  • 100% ownership - The only Lithium company that owns an entire salar of this size without competitors or third parties
  • Fully permitted to feasibility- EIA well advanced and expected to be finalized in Q1/Q2 2019
  • Strong cash position and robust shareholder register

 
Experienced board and management focused on the Lithium sector.

CEO, Waldo Perez, was the original founder and past CEO of Lithium Americas.
Chairman, Constantine Karayannopoulos was the director of Lithium Americas and an original founder of Neo Materials, now Molycorp.
Board and management members have strong experience in business development and capital markets.



Right in the heart of the Lithium Triangle, the 3Q Project is located in Catamarca Province, Argentina the largest lithium producing and mining-friendly province in Argentina. Neo is situated between the truly bid dogs of Lithium production!


The 3Q Project has one of the highest-grade lithium brine projects in the world, with a large salar and lithium brine lake covering more than 150km2 and the Company controls more 350km2 in and around the complex. The 3Q Project is 100% owned by Neo Lithium.
The Company has obtained environmental permitting to complete exploration and the pilot plant and has also obtained the easement agreement to access the project for future construction at the project site.
Update: As of this writing, Feb 18th 2019, the Pilot plant is delivered and is being put in place at 3Q! 
We believe Neo Lithium is a prime takeover target in 2019  

Disclosure: We own Shares in Neo Lithium!
Question: Do you?

Monday, September 27, 2010

Rodinia Lithium Inc.'s Auger Drilling Extends Near Surface High-Grade Lithium-Potash Zone 1.5 km at Salar de Diablillos

7:46AM ET on Friday Sep 24, 2010 by Marketwire
Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE: RM)(OTCQX: RDNAF), is pleased to report further sample results from its auger drill exploration program on its Salar de Diablillos lithium-brine project in Salta, Argentina ("Diablillos" or the "Salar"). The completion of an additional 38 sample holes has extended the previously defined 2.5 km by 4.0 km high-grade lithium-potash zone near surface by an additional 1.5 km along strike (see Press Release dated May 26, 2010 for additional details on the original high-grade zone definition).

William Randall, President and CEO of Rodinia, commented "It is encouraging that these additional auger drill holes have intersected grades similar to the previous auger drilling and has extended our high-grade zone an additional 1.5 km. We now have additional areas to target with our ongoing reverse circulation drilling. Coupling these results with drill hole D-RC-01 announced last week, which demonstrated a continuous aquifer to depths of at least 120 metres, provides additional support for the potential to delineate a large scale resource at Diablillos" (see Press Release dated September 17, 2010 for additional details on drill hole D-RC-01).
 

Based on the completed sampling program of 140 sample holes, the Diablillos auger drill exploration program returned lithium ("Li") values of up to 1,000 milligrams per litre ("mg/L") and potassium ("K") values of up to 11,000 mg/L. Focusing on the nucleus of the Salar, which the Company believes represents the highest probability for production (see Figure 1 below), results returned average Li of 845 mg/L, average K of 9,092 mg/L, and 762 mg/L boron ("B") with favourable magnesium ("Mg") to Li ratio of 3.75 and an attractive sulphate to lithium ratio. Previously reported results for the auger drill program were based on a total of 102 sample holes. The full set of results reinforce the Company's belief that Diablillos may contain high concentrations of lithium, potash and boron and that the project has the potential to become a lithium carbonate producer. The Company remains encouraged by the presence of near-surface brines that contain similar, and in many instances higher, lithium and potash concentrations to other established brine developers in South America.

The completed auger program successfully covered a large portion of the Salar which returned average results of 680 mg/L Li, 7,400 mg/L K, 669 mg/L B, 3.75 Mg:Li, and 10.73 SO4:Li. Certain portions of the salar and its margins could not be sampled due to more extensive overburden material. The auger drill has been modified to be able to successfully penetrate the hard calcium carbonate layers commonly encountered, therefore enabling the additional sampling reported in this press release. In general, lithium values decreased towards the salar margins to the north and south, however drilling will be required to establish whether this trend is consistent at depth. Rodinia has a reverse circulation drill program underway on the Salar, which amongst other things will test the depth of the aquifer, as well as the lithium potential under the areas sampled by the auger drill.

To view Figure 1 - Sampling Contour Map, Salar de Diablillos, please visit the following link: http://media3.marketwire.com/docs/RMimage.jpg

Throughout the auger sampling, Rodinia employed a sampling procedure designed to ensure sample integrity by minimizing contamination of brine samples through the dissolution of overlying sediments and evaporates that may be enriched in lithium. All the holes were drilled to a depth sufficient to ensure penetration of the overlying clay layer, which varies in thickness between one and over three metres. Below the clays, a medium to coarse-grained sand aquifer was encountered containing high-grade lithium brine in its porous space. A historical drill hole in the south eastern margin of the Salar indicates the presence of this aquifer to a vertical depth of at least 75 metres, with material coarsening at depth to a coarse basal conglomerate (SEGEMAR; www.segemar.gov.ar). Rodinia has also recently completed a reverse circulation discovery drill hole, drill hole D-RC-01, which indicated the presence of this aquifer to a vertical depth of at least 120 metres.


Sample integrity was maintained by pushing four inch casing down into the hole and pumping, where possible, the contents of the hole. The hole was then left to refill from the aquifer below, ensuring proper representation of brine geochemistry. This brine was then sampled and decanted before collection in sealed plastic containers that had been previously rinsed in the same brine. All samples were sent to ALS Laboratory Group, Environmental Division, in Fort Collins, CO, USA where Rodinia is sending both its Diablillos and Clayton Valley project samples.

The Project is supervised by William Randall, MSc (Geology), the President and CEO of Rodinia, and by Ray Spanjers, Rodinia's Manager of Exploration. Both Messrs. Randall and Spanjers are considered qualified persons, as defined by National Instrument 43-101, and both have reviewed and approved the scientific and technical information in this release. According to the Company's sampling protocol, sample size is to exceed 300 millilitres and be stored in clean, secure containers for transportation. The prepared samples are then forwarded to the ALS Laboratory Group, Environmental Division, in Fort Collins, Co (USA) for analysis. A rigorous QA/QC program is implemented consisting of regular insertion of standards and blanks to ensure laboratory integrity.

About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration company with a primary focus on lithium exploration and development in North and South America. The Company is positioned to capitalize on the expected increase in demand for lithium carbonate that is projected to result from the anticipated paradigm shift to mass adoption and use of key lithium applications like lithium-ion batteries as well as glass ceramics, greases, pharmaceuticals etc.
Rodinia is currently exploring its Clayton Valley project in Nevada, USA, which surrounds the only lithium-brine producer in North America, and its Salar de Diablillos project in Salta, Argentina.
Please visit the Company's web site at www.rodinialithium.com or write us at info@rodinialithium.com. Follow us on Twitter: http://twitter.com/RodiniaLithium.

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 impact of the drill program at the Diablillos property and results of such drill program; 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.

Contacts:
Investor Cubed Inc.
Neil Simon
+1 (647) 258-3310

Rodinia Lithium Inc. Aaron Wolfe
Vice-President, Corporate Development
+1 (416) 309-2696
www.rodinialithium.com


SOURCE: Rodinia Lithium Inc.

http://www.rodinialithium.com 
 
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Monday, September 20, 2010

Rodina Lithium discovers high grade lithium deposit on it's Argentina property.

TORONTO, ONTARIO, Sep 17, 2010 (MARKETWIRE via COMTEX) -- Rodinia Lithium Inc. ("Rodinia" or the "Company") /quotes/comstock/11v!e:rm (CA:RM 0.32, +0.04, +14.29%) (), is pleased to report that it has discovered high-grade lithium and potash during its first reverse circulation drill program on its Salar de Diablillos lithium-brine project in Salta, Argentina ("Diablillos" or the "Salar"). The Company is encouraged by these results and believes, based on analysis and previously published data, that they may be indicative of a sizeable, continuous aquifer capable of becoming a producer.



William Randall, President and CEO of Rodinia, commented "It is encouraging that this discovery drill hole has intersected grades similar to our auger drill program, only now to depths of 120 metres. The results of this drill hole, and the geophysical data available, provides further encouragement for the potential to delineate a large scale resource. Rodinia has mounted the first ever drill campaign for new lithium and potash on Diablillos and will continue to work on defining a National Instrument 43-101 compliant resource estimate on the Salar by year's end."



Results from the discovery drill hole D-RC-01, the first drill hole completed on the project, intersected lithium ("Li") values of up to 810 milligrams per litre ("mg/L") and returned averages of 713 mg/L Li, 9,000 mg/L potassium ("K"), and 543 mg/L boron ("B") over the 120 metre drill hole depth. The hole, located in the north western portion of the salar nucleus, intersected lithologies primarily composed of sand and gravel, with coarser material encountered down hole. The zone continues to be open at depth and in all directions.



The lithium concentrations measured in the discovery drill hole range from 650 to 810 mg/L, demonstrating a remarkably even grade distribution over the aquifer, identifying the entire stratigraphic column as a potential producer. Samples were taken every six metres to ensure different characteristics of the brine column were captured, with the intention of identifying the horizons with the most potential for production. The geochemistry of the brine samples remained comparable to those encountered during auger drilling (see previous press release dated May 26, 2010), with average magnesium-to-lithium ratio of 3.7 and a sulphate-to-lithium ratio of 9.3.





-----------------------------------------------------------------------

depth (metres) milligrams per litre ratio

-----------------------------------------------------------------------

Sample From To Li K B Mg:Li SO4:Li

-----------------------------------------------------------------------

D-RC-01-001 6 12 810 8800 570 3.5 10.7

-----------------------------------------------------------------------

D-RC-01-002 12 18 800 8800 560 3.5 10.5

-----------------------------------------------------------------------

D-RC-01-003 18 24 720 8900 540 3.8 9.3

-----------------------------------------------------------------------

D-RC-01-004 24 30 760 8700 560 3.7 10.9

-----------------------------------------------------------------------

D-RC-01-005 36 42 650 8900 530 4.2 8.5

-----------------------------------------------------------------------

D-RC-01-006 42 48 660 9000 540 4.1 6.1

-----------------------------------------------------------------------

D-RC-01-007 48 54 650 8800 540 4.0 7.7

-----------------------------------------------------------------------

D-RC-01-008 54 60 650 8800 520 4.0 8.8

-----------------------------------------------------------------------

D-RC-01-009 60 66 660 9000 500 3.8 8.2

-----------------------------------------------------------------------

D-RC-01-010 66 72 710 9200 540 3.7 9.7

-----------------------------------------------------------------------

D-RC-01-011 72 78 700 9100 550 3.7 9.6

-----------------------------------------------------------------------

D-RC-01-012 78 84 750 9100 560 3.6 9.9

-----------------------------------------------------------------------

D-RC-01-013 84 90 720 9300 540 3.6 8.6

-----------------------------------------------------------------------

D-RC-01-014 90 96 710 9100 540 3.8 9.2

-----------------------------------------------------------------------

D-RC-01-015 96 102 730 9300 540 3.4 9.9

-----------------------------------------------------------------------

D-RC-01-016 102 108 740 9300 550 3.1 10.5

-----------------------------------------------------------------------

D-RC-01-017 108 114 720 9000 560 3.3 10.4

-----------------------------------------------------------------------

D-RC-01-018 114 120 700 8900 540 3.6 9.1

-----------------------------------------------------------------------



A sampling procedure was enforced by management to ensure sample integrity during the drill program. Where possible, brine and sediments samples were air lifted, and water restricted to the upper part of the hole before the water table was intercepted. Once brine bearing horizons were intercepted, drilling was halted and the drilling pipe lifted 2 feet or more to allow the total flushing of the internal pipe by means of air pressure for approximately ten minutes or until the brine appeared reasonably clean of sediment. After sufficient air lifting of the brine, a sample was collected in 500 ml sample bottles that had been washed three times with the brine. Liquid was also collected in five gallon buckets and the time of filling of the bucket recorded, so as to aid in quantifying the formational flow.



Rodinia has completed 6 drill holes on the newly discovered Salar de Diablillos basin. Generally, the holes intersected unconsolidated sand and gravel saturated with high salinity brines. Flow rates in the sand and gravels have been highly variable ranging from 40 litres per minute to 1,080 litres per minute, including artesian conditions in some drill holes. The Company intends to provide updated information on the remaining discovery drill holes upon receipt of assay results from the laboratory.



The Project is supervised by William Randall, MSc (Geology), the President and CEO of Rodinia, and by Ray Spanjers, Rodinia's Manager of Exploration. Both Messrs. Randall and Spanjers are considered qualified persons, as defined by National Instrument 43-101, and both have reviewed and approved the scientific and technical information in this release. According to the Company's sampling protocol, sample size is to exceed 300 millilitres and be stored in clean, secure containers for transportation. The prepared samples are then forwarded to the ALS Laboratory Group, Environmental Division, in Fort Collins, Co (USA) for analysis. A rigorous QA/QC program is implemented consisting of regular insertion of standards and blanks to ensure laboratory integrity.



About Rodinia Lithium Inc.:



Rodinia Lithium Inc. is a Canadian mineral exploration company with a primary focus on lithium exploration and development in North and South America. The Company is positioned to capitalize on the expected increase in demand for lithium carbonate that is projected to result from the anticipated paradigm shift to mass adoption and use of key lithium applications like lithium-ion batteries as well as glass ceramics, greases, pharmaceuticals etc.



Rodinia is currently exploring its Clayton Valley project in Nevada, USA, which surrounds the only lithium-brine producer in North America, and its Salar de Diablillos project in Salta, Argentina.



Please visit the Company's web site at www.rodinialithium.com or write us at info@rodinialithium.com. Follow us on Twitter: http://twitter.com/RodiniaLithium."

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