masslanding
7 years ago
Attached are some screenshots from a presentation from a private company operating in Railroad alley, next to Lithionβs claims.
Lithion has a substantial land package in Railroad Valley. Just under 10,000 acres in 3 blocks in close proximity. Lithion and Dahrouge Geologicalβs opinion is that RRV is a larger analogue of Clayton. There is elevated surface, spring, rhyolitic tuffs, and clay samples in the valley, the theory is that the near surface saturated brine pool hosts elevated lithium brine numbers. That is why they are there, and that Is why they recently staked more land.
Railroad Valley is essentially completely staked. There are 4 other companies 3 public and 1 private. The private company is 3 Proton. They have spent $600k staking, and have done extensive ground work as well as logging data from 93 oil wells in the valley. They are in the process of mobilizing drills now to prove up a reserve. They are not doing it for a promote, but to build and sell the asset, as part of the acquisition by a producer of the entire Valley when a reserve is proven up. The fact that they have raised money and are doing this privately should provide al ot of confidence that they are correct. From the screenshot from their presentation 3 Proton belive they could me on the mother load between 400-1500 ppm Li. Word is that 3PL believe that they may drill 300 meters of 1000 ppm li. As you know, Pure Energy has less than 150 ppm in Clayton, and the average in Argentina is 500-600 ppm. With the Valley being substantially larger than Clayton, and the potential for 30,000 hectares of brine pool, a discovery like this could make the Valley worth billions.
bernice
7 years ago
Lithion Energy Corp. Significantly Expands its Land Position at its Railroad Valley Lithium Brine Project in Nevada
2017-11-20 09:45 ET - News Release
Vancouver, British Columbia--(Newsfile Corp. - November 20, 2017) - Lithion Energy Corporation (TSXV: LNC) ("Lithion", or the "Company") is pleased to announce that it has expanded its Railroad Valley Brine Project's land position in Nevada by 5,963 Acres (~2,413 ha), or by nearly 150%. The recently completed staking of 296 placer claims, over one contiguous block, brings the Company's total land holdings in the Railroad Valley Basin to 495 placer claims, totalling approximately 10,000 acres (~4,047 ha), spread over three separate claim blocks in close proximity.
The Railroad Valley Lithium Property is situated within east-central Nevada's Railroad Valley Basin, about 200 km east-northeast of Clayton Valley, which is host to Albemarle Corp's Silver Peak Lithium Mine, the only lithium brine operation within the United States. A comprehensive review of the available data completed for the Technical Report indicates the Railroad Valley Basin may be a larger analogue of the Clayton Valley Basin, with strong potential to host lithium brine of favourable size and grade.
The Railroad Valley Basin, which is host to Nevada's first oil production, is a sedimentary basin more than 37 km in length and 19 km across. The geologic setting is of a closed, fault bound, evaporitic basin, with over 1,000 metres of basin-fill sediments atop basement hosted petroleum reservoirs. To the west, Tertiary volcanic units are highly enriched in lithium, with a number of active thermal springs emerging along the basin faults. Collectively, these attributes indicate a favourable setting for lithium brine accumulation.
Since the discovery of oil at Eagle Springs in 1954, over 100 wells have been completed exploring for oil and gas within Railroad Valley, resulting in the discovery of multiple producing oil fields. The extensive historic geologic information developed from this oil and gas activity within the Valley provides an excellent database upon which brine rich units within the valley fill may be assessed.
According to Shawn Westcott, President of Lithion: "Our recent staking has significantly increased our land position within the central parts of the Railroad Valley Basin, where private exploration companies have been advancing the concept of a large brine pool being present, as indicated by data collected from over 90 oil wells. A recent surge in staking at Railroad Valley adds significant credence to the Company's early interpretation of the potential, and leaves us well positioned with some of the most prospective tenure in the basin."
Documented soil samples collected on the surface of the Railroad Valley playa by the U.S. Geological Survey contain elevated concentrations of up to 275 ppm Li, equivalent to 295 ppm Li2O. Further details on this sampling, as well as an in-depth review of the Company's property assets in the Railroad Valley may be found in the NI 43-101 Technical Report located on the Company's website.
The technical content of this section of the news release was reviewed, verified, and approved by Edward Lyons, PGeo, a qualified person as defined by National Instrument 43-101 and the author of the NI 43-101 technical report.
ON BEHALF OF THE LITHION BOARD
"Shawn Westcott"
President
masslanding
7 years ago
News
Lithion Energy Corp. Completes Sale of Indonesian Gold Properties for US $1 Million
05:45 EDT Monday, June 26, 2017
Vancouver, British Columbia--(Newsfile Corp. - June 26, 2017) - Lithion Energy Corporation (TSXV: LNC ) (the "Company") is pleased to announce that it has completed the sale of its 80-per-cent equity interest in each of PT Gayo Mineral Resources and PT Linge Mineral Resources, under a share purchase agreement (SPA) with a private Indonesia company.
As per the terms of the SPA (see News Release date March 9th 2017), the private Indonesian company will pay the Company a total of $1-million (U.S.) (equivalent to approximately $1.32 million CAD). The proceeds will be used to finance the Company's lithium projects (Nevada & Arizona), review additional technology metals properties and to evaluate potential corporate transactions. A finder's fee of $100,000 (U.S.) is to be paid to an arm's-length company in association with the transaction.
"Not only did we add significant cash to the balance sheet, the Indonesian subsidiaries held all of the Company's financial liabilities," added Shawn Westcott, President and Director. "The sale therefore represents a significant change to Lithion's balance sheet and will enable the Company to efficiently pursue its growth strategy,"
bernice
8 years ago
look at Canada:
link to canada
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10:56:12 V 0.125 -0.005 2,500 79 CIBC 7 TD Sec
10:50:56 V 0.125 -0.005 300 59 PI 143 Pershing