St-Georges Lithium Initiatives Update $SX.ca
- 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%.
Nevada Energy Metals Lithium Exploration Program Underway at Black Rock Desert, Nevada $BFF.ca
- 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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Fairmont Encouraged by Chinese Asset Purchase of Former Lithium Producer rb Energy Adjacent to Rome Lithium Property $FMR.ca
Fairmont Encouraged by Chinese Asset Purchase of Former Lithium Producer rb Energy Adjacent to Rome Lithium Property
- Jilin Jien already active in Quebec, following the 2010 acquisition of Canadian Royalties
- Rome Lithium Property acquired by Fairmont Resources less than a month ago
- Historical underground and open pit lithium mine on property adjacent to Rome Lithium Property
Vancouver, BC – Fairmont Resources Inc. (FMR: TSX-V) (“Fairmont”) is encouraged by the Court Approval yesterday of the Asset Purchase Agreement of RB Energy Inc. by Jilin Jien Nickel Industry Co. (“Jilin”).
RB Energy, who once claimed its Quebec mine would produce “the highest-quality lithium carbonate in the world”, was forced to halt operations in October 2014 after failing to complete a much needed financing. Subsequent attempts to raise financing proved to be very difficult due to market conditions at the time for Canadian resource companies. Specifically, Investment Quebec and/or KSV Advisory held discussions with 26 parties regarding the potential sale of RB Energy.
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Nevada Energy Metals Pays Full Annual BLM Fees For Seven Nevada Lithium Projects $BFF.ca
August 25, 2016 / Vancouver, British Columbia – Nevada Energy Metals Inc. “the Company”
(TSX-V: BFF) (OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to announce that it has paid in full all annual Bureau of Land Management (BLM) maintenance fees for the Company’s seven Lithium projects located in Nevada. The annual maintenance fees, totaling USD $ 212,350 (CAD $274,550), are now paid to Sept 1st 2017.
Nevada Energy Metals’ Seven Nevada Lithium Projects Are Fully Paid Up.:
- -Dixie Valley Lithium Project – 907 Claims, no royalties, (348 claims optioned to Wildcat Exploration Ltd. (TSX-V:WEL))-BSV Lithium Project – 160 claims (100% owned, no royalties, in Big Smokey Valley)-Black Rock Desert Lithium Project- 128 claims (100% owned, no royalties)-Clayton Valley Lithium Project – 77 claims, no royalties, (70% optioned-out to American Lithium Corp (TSX-V: Li))-Teels Marsh West Lithium Project – 100 claims (100% owned, no royalties)-San Emidio Desert Lithium Project – 155 claims (100% owned, no royalties)-Alkali Lake Lithium Project – 191 claims in a 60-40 earn in agreement with Dajin Resources Corp (TSX-V:DJI), no royalties.
Rick Wilson, Chief Executive Officer of Nevada Energy Metals, commented: “We are pleased to report that our Project Generator Model has grossed over USD $300,000, as well as a portfolio of marketable securities. These earnings have helped to offset the annual BLM Maintenance Fees as well as a portion of the Company’s general operating costs.”
Durango Phase One Exploration Completed at Nemaska Properties
Vancouver, BC / August 15, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango“) announces that further to the news release of August 3, 2016, Durango’s exploration team has completed its inaugural field exploration program on its group of properties near Nemaska, Quebec.
Mr. Donald Theberge, P.Eng., M.B.A led the exploration program which included detailed mapping and sampling of the newly identified pegmatite outcrops and outcropping ridges on Durango’s Nemaska Whabouchi area properties. The helicopter assisted work program focused on reaching inaccessible areas to prioritize drill targets and was completed ahead of schedule thanks to the hard working exploration crew.
Previous work in 2011 outlined multiple pegmatite occurrences on Durango’s NMX East claims adjacent to Nemaska Lithium Inc. (TSX-NMX), and were evaluated for targets to be added to a drilling schedule. The program was successful in sampling the identified pegmatites and outcropping ridges which were not previously evaluated by any companies. A total of 87 grab samples were taken during the survey of the properties and the samples have been sent to ALS Minerals Laboratories in Val D’Or, Quebec. The geologists will supply information on the sampling program and issue a report on the work completed with correlating results as soon as they become available.
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