Posted by admin on Sep 22, 2016 in Company News, Featured | 0 comments
- Announced that a surface sampling program designed to test for lithium (Li) values in playa evaporates
- Returned significant geochemical results at the Company’s 100% owned Black Rock Desert Project in Nevada
Vancouver, British Columbia / September 22, 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 (Li) values in playa evaporates has returned significant geochemical results at the Company’s 100% owned Black Rock Desert Project in Nevada. Geochemical sample points were arranged on a grid pattern of 11 lines spaced 400 meters apart with stations every 200 meters along the lines. One hundred and seventy (170) soil samples were collected. Results ranged from 82.8 to 520 parts per million (ppm) lithium with a median value of 182 ppm. Twelve samples carried over 300 ppm Li.
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The Black Rock Desert results are comparable to those obtained at Teels Marsh, Nevada by Dajin Resources Corp. (55 -460 ppm Li) and in clay separates at Clayton Valley, Nevada (300 – 1,100 ppm Li). It is not known what relationship if any exists between lithium values in clay concentrates and those in bulk soil samples.
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Posted by admin on Sep 21, 2016 in Featured, Industry News | 0 comments
The head of lithium producer Orocobre says scepticism around lithium has been overblown, with the market for the commodity set to remain tight for years to come.
Brisbane-based Orocobre, the largest of the pure-play lithium companies listed on the Australian Securities Exchange, on Monday unveiled a $US21.9 million ($29m) loss for the 2016 financial year as it absorbed unfavourable currency movements and ramp-up issues at its Salar de Olaroz lithium project in northern Argentina.
But the company confirmed it was on track to finally hit nameplate capacity at Salar de Olaroz by November, with its annual output set to more than double from 6903 tonnes last year to over 15,000 this year.
Orocobre has been among the big beneficiaries of the rise in investor interest in the lithium sector over the past year. Its shares have gone from $1.68 to more than $4 as the market bets on significant growth in lithium batteries due to electric vehicles and home energy storage systems.
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Posted by admin on Sep 21, 2016 in Company News, Featured | 0 comments
- Completed a detailed geological interpretation and exploration report on its highly prospective, 100%-owned NMX East property in northern Quebec
- Results from the field reconnaissance survey included the discovery of three distinct lithium-bearing intrusions, which have been characterized as LCT (lithium-cesium-tantalum) pegmatites, and the generation of clear drilling targets
- 11 samples returned over 129 ppm Li2O, up to 689 ppm Li2O; 5 samples returned over 50.3 ppm Cs, up to 83.6 ppm Cs; 22 samples returned over 481 ppm Rb, up to 2140 ppm Rb; and 11 samples returned over 27ppm Ta, up to 77.1 ppm Ta
Vancouver, BC / September 21, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that, further to its news release of September 20, 2016, Durango has completed a detailed geological interpretation and exploration report on its highly prospective, 100%-owned NMX East property in northern Quebec.
Results from the field reconnaissance survey included the discovery of three distinct lithium-bearing intrusions, which have been characterized as LCT (lithium-cesium-tantalum) pegmatites, and the generation of clear drilling targets.
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Posted by admin on Sep 21, 2016 in Company News, Featured | 0 comments
Ron Hieber is a geology graduate of Rhodes University, South Africa, with high school education having been completed in Zimbabwe, in 1968. He began his career with Anglo American Platinum, on the company’s Platinum mines in Rustenburg, followed by service on the mines in other Bushveld Complex areas, becoming Chief Geologist at Rustenburg in 1981. In 1986 he was appointed to the corporate office as head of all Anglo Platinum’s mining geology and exploration functions, which remained part of his responsibilities until he retired from Anglo Platinum at 58, in 2009. During his service with Anglo, Ron was made a Divisional Director and the Group’s Survey, Ventilation, Rock Engineering and Strategic Planning functions were added to his Geological responsibilities. From the time of his appointment at Corporate, he contributed significantly to the accumulation, retention and management of Anglo Platinum’s mineral rights portfolio, on the Bushveld Complex and Great Dyke, whilst also directing worldwide PGM Exploration Programmes for Anglo Platinum, in Australia, China, Canada, Russia and Brazil. This included heading-up the River Valley Option/Joint Venture for Anglo Platinum, from Discovery, in 2000, with Pacific North West Capital.
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Posted by admin on Sep 20, 2016 in Company News, Featured | 0 comments
- lithium bearing pegmatites were discovered on its property that is adjacent to Nemaska Lithium Inc.’s (TSX-NMX) Whabouchi Project
- Anomalous lithium assays were grabbed from surface exposed pegmatites outcrops identified by high definition satellite imagery
Vancouver, BC / September 20, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) reports that further to its news release of September 13, 2016, lithium bearing pegmatites were discovered on its property that is adjacent to Nemaska Lithium Inc.’s (TSX-NMX) Whabouchi Project.
Durango’s anomalous lithium assays were grabbed from surface exposed pegmatites outcrops identified by high definition satellite imagery. No trenching or blasting was completed on the first phase reconnaissance program which took place in August 2016, as the scope of the program was limited to identifying pegmatites and sampling for lithium values.
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Posted by admin on Sep 20, 2016 in Company News, Featured | 0 comments
- American Lithium Corp (TSX-V: LI), the Optionee of the Company’s Clayton Valley BFF-1 Project advised the Company that the BLM has approved a Notice of Intent describing proposed locations for up to 6 sonic drill holes on the property.
September 20, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company”, TSX-V: BFF (OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to report that American Lithium Corp (TSX-V: LI), the Optionee of the Company’s Clayton Valley BFF-1 Project “the Project”, has advised the Company that the BLM has approved a Notice of Intent describing proposed locations for up to 6 sonic drill holes on the property. Sonic drilling is capable of reaching a depth of 500 feet and is used for determining the characteristics and orientation of subsurface playa sediments. The ultimate goal of this program is to confirm the presence of a fine grained green sand and silt logged as volcanic ash in previous drilling on the property. This horizon is thought to be correlative to the Main Ash Aquifer on the adjacent Albermare/Rockwood lithium producing property. (ref. Geology and Conceptual Modeling of the Silver Peak Geothermal Prospect, Esmeralda County, Nevada; Jeffrey B. Hulen, PG, 2008)
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