Posted by admin on Aug 31, 2016 in Company News, Featured | 0 comments
- Announced encouraging results
- Of the 170 sample points analyzed 150 reported Lithium values greater than or equal to 100 ppm
- Highest value being 146 ppm Lithium (the median value being 116 ppm); 20 samples points were in the 53 ppm to 99 ppm range.
August 31, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company” (TSX-V: BFF; OTCQB: SSMLF; Frankfurt: A2AFBV) ) is pleased to announce encouraging results have been received from the latest sampling program at the Company’s 100% owned Big Smokey Valley (North) project. The geochemical sampling program was designed to test for lithium values in surface soils and/or playa evaporates. Samples were obtained on a grid pattern consisting of eleven east/west lines spaced 400 meters apart with stations every 200 meters along the lines. The grid covered an area of approximately 3,000 acres.
Of the 170 sample points analyzed 150 reported Lithium values greater than or equal to 100 ppm with the highest value being 146 ppm Lithium (the median value being 116 ppm); 20 samples points were in the 53 ppm to 99 ppm range.
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Posted by admin on Aug 29, 2016 in Company News, Featured | 0 comments
- Updating shareholders on the recent developments in regards to the acquisition of Le Royal Lithium project and the agreement with Platypus Resources (ASX:PLP)
- Recent developments concerning the commercial terms of the proposed joint-venture and the L-Max(R) lithium extraction technology license that is part of the agreement
Montreal, Quebec / August 29, 2016 – St-Georges Platinum and Base Metals Ltd. (CSE:SX) (OTC:SXOOF) (FSE:85G1) is pleased to update its shareholders on the recent developments in regards to the acquisition of Le Royal Lithium project and the agreement with Platypus Resources (ASX:PLP) concerning the commercial terms of the proposed joint-venture and the L-Max(R) lithium extraction technology license that is part of the agreement.
Le Royal Lithium Project Update
The Company has recently agreed to commercial terms with Platypus Resources (ASX:PLP) in regards to the joint-venture proposed on Le Royal Lithium project. (Please refer to St-Georges Press Release dated August 4, 2016). The agreement establishes St-Georges’ initial ownership option at 30% against payments of 3 million shares over 3 years and CAD $450,000 worth of qualified exploration work on the project. Spending an additional CAD $450,000 on the project and delivering a NI 43-101 report will also enable St-Georges to bring its total ownership of the project to 50%.
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Posted by admin on Aug 29, 2016 in Featured, Lithium News, Uncategorized | 0 comments
You may think lithium got too popular too fast. You may suspect electric vehicles are too much buzz and not enough real future. You may, in short, be a lithium skeptic, one of many. And yet, despite this skepticism, lithium demand is rising steadily and sharply, and indications that a shortage may be looming are very real.
It won’t be a shortage in terms of ‘peak lithium’; rather, it will be a game of catch-up with the electric car boom, with miners hustling to explore and tap into new reserves.
Consider the number of battery gigafactories that are being built around the world. We have all heard about the Tesla Motors Inc (NASDAQ:TSLA) facility that will, at full capacity, produce enough batteries to power 500,000 electric cars per year by 2020.
This, as the carmaker proudly notes, is more than the global total lithium ion battery production for 2013. That’s a pretty impressive rate of demand growth over just three years—but this growth also represents the culmination of a sea change in the way we think.
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Posted by admin on Aug 29, 2016 in Company News, Featured | 0 comments
- Surface sampling program designed to test for lithium values in playa evaporates has been initiated at the Company’s 100% owned Black Rock Desert Project
- Geochemical sample points are being arranged on a grid pattern of 11 lines spaced 400 meters apart with stations every 200 meters along the lines
August 29, 2016 / Nevada Energy Metals Inc. “the Company” (TSX-V: BFF; OTCQB: SSMLF; Frankfurt: A2AFBV) is pleased to announce that a surface sampling program designed to test for lithium values in playa evaporates has been initiated at the Company’s 100% owned Black Rock Desert Project. Geochemical sample points are being arranged on a grid pattern of 11 lines spaced 400 meters apart with stations every 200 meters along the lines. It is expected that 170 sample points will be measured. Results should be available in approximately 3 weeks.
The Black Rock Desert Lithium Project consists of 128 placer claims, (2,560 acres/ 1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada. The nearest population center is the town of Gerlach, which lies 177 kilometers north of Reno.
The western arm of the Black Rock Desert covers an area of about 2,000 square kilometers and contains 5 of the 30 currently listed Known Geothermal Resource Areas in Nevada. The property covers an area of playa underlain by a moderately deep basin interpreted from gravity and seismic surveys indicating a maximum thickness of valley-fill deposits of about 1,200 m/ 3,600 ft. A high salt content prevents any significant vegetation from growing on the playa surface. Locally, the basin is being fed in part by boiling springs and siliceous sinter containing strongly anomalous Lithium values (up to 3.5 ppm) that flank the property on the west side. (U.S. GEOLOGICAL SURVEY Open-File Report 81-918.) While these lithium values are well below those of producing lithium bines, they do represent a significant source of metal available for evaporative concentration within the playa basin.
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Posted by admin on Aug 25, 2016 in Industry News | 0 comments
- Announce the acquisition of a 100% interest in the Cross Lake Lithium property (“Cross Lake Property”) located about 528 km north of Winnipeg, Manitoba.
- Property covers the Cross Lake pegmatite field, including the Liz Lithium prospect, located on Spodumene and Metis Islands in the southwestern corner of Cross Lake
Vancouver, British Columbia–(August 25, 2016) – ALIX RESOURCES CORP. (TSXV: AIX) (FSE: 37N) (“Alix” or the “Company”) is pleased to announce the acquisition of a 100% interest in the Cross Lake Lithium property (“Cross Lake Property”) located about 528 km north of Winnipeg, Manitoba.
The Cross Lake Property comprises one Mineral Exploration Licence (MEL 1050A) encompassing 5,040 hectares and is located about 4 km southwest of the community of Cross Lake. The property covers the Cross Lake pegmatite field, including the Liz Lithium prospect, located on Spodumene and Metis Islands in the southwestern corner of Cross Lake. The granitic pegmatites form an 8 km-long, en echelon and lenticular swarm south of Cross Island dipping 45° north.
The Cross Lake Property was explored from the late 1970’s to 1981 by the Tantalum Mining Corporation of Canada Limited (“TANCO”). The Company discovered tantalum (Ta) and niobium (Nb) oxide mineralization in granitic pegmatites. TANCO, was the operator of the Tanco mine, located at Bernic Lake, in southeastern Manitoba (now owned by Cabot Corporation), which was North America’s largest producer of spodumene, tantalum and cesium.
In 1980-1981, TANCO drilled 23 diamond drill holes totaling 2,483 m. Several holes intersected zones of spodumene mineralization (e.g. up to 40 % spodumene in hole # 3 over a 1.3 m width). Moreover, 20 m-thick spodumene-rich intersections in individual and/or multiple intervals were encountered. The core was analyzed only for tantalum and tin. The documented occurrences of spodumene showings and the geological data base from TANCO’s drilling campaign present a compelling target with a potential to discover and define new lithium resources.
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