(MENAFN – ProactiveInvestors – N.America) Nevada Sunrise Gold Corporation (CVE:NEV) and its joint venture partner, Advantage Lithium Corp. (CVE:AAL) have begun a drilling program at their Clayton Northeast lithium brine exploration project in the Clayton Valley, Nevada.
Clayton NE borders the Silver Peak mine operated by Albemarle Corporation (NYSE:ALB), North America’s only producing lithium mine.
Three reverse circulation drill holes totaling approximately 1,500 metres (4,570 feet) will focus on high-priority lithium brine targets close to the Silver Peak mine border and several of Albemarle’s production wells.
In September, an 11.0 line-km Volterra 3D-IP ground geophysical survey was carried out over the Clayton NE project area.The geophysical survey successfully imaged highly-conductive horizons to the survey limit of approximately 800 metres depth, and these conductive zones are interpreted as brine formations. The northeast trending Angel Island fault appears to bound the conductive horizons parallel to and proximal to the eastern claim boundary at Clayton NE.
Three priority drill targets have been chosen to best intersect the broadest and most conductive zones detected by the geophysical survey.
Historical drilling within the Clayton NE project area by the United States Geological Survey was reported to encounter elevated lithium values in ground water.
Nevada Sunrise and Advantage Lithium are the only lithium explorers in the Clayton Valley, other than Albemarle, with access to certified water rights for the purposes of future development.
Works aggressively toward the acquisition of new lithium targets in Nevada, one of the most mining friendly jurisdictions in the world and figuratively in the shadows of Tesla’s Gigafactory
Lithium has become a permanent topographic feature of the Nevada economic landscape
By 2018, the Gigafactory will reach full capacity and produce more lithium ion batteries annually than were produced worldwide in 2013
Nevada Energy Metals Inc. (TSXV: BFF | OTCQB: SSMLF | Frankfurt: A2AFBV) is capitalizing on lithium, what Goldman Sachs calls the new gasoline as an enabling commodity in the electric vehicle revolution. It is approaching the market smartly to minimize risk, keep overhead low and maximize shareholder value.
VANCOUVER, BRITISH COLUMBIA–(Oct. 13, 2016) –QMC Quantum Minerals Corp., (TSX VENTURE:QMC)(PINKSHEETS:QMCQF)(FRANKFURT:3LQ) (“QMC” or “the Company”), is pleased to announce that it has entered into an option agreement with 101162742 Saskatchewan Ltd. whereby QMC has the exclusive right to acquire an undivided 100% right, title and interest in the Cat Lake Lithium Property (the ‘Property’) in Manitoba.
THE PROPERTY
The Cat Lake (also known as the Irgon Lithium Mine) Property hosts several rare-element granitic pegmatite occurrences, one of which hosts and is locally known as the former Irgon Mine. The Irgon occurrence and several other known pegmatite dikes are situated on 4 adjoining mineral claims which comprise the Cat Lake Property. The total area covered by the 4 claims is 700 hectares. Access to the property is excellent as Provincial Highway 314 in southeast Manitoba transects the claims, approximately 150km northeast of Winnipeg.
The property lies within the east-trending Mayville-Cat-Eculid Greenstone Belt (“MCEGB”) located along the northern contact of the Maskwa Lake Batholith. This northern greenstone belt has a similar structural geological setting as the Bird River Greenstone Belt (“BRGB”) which is located along the southern contact of the same batholith, and is parallel to and approximately18km to the south of the MCEGB. The property is located 20km north of the Tanco Mine Property. The BRGB hosts the world-class Tanco rare element-bearing pegmatite dike. The Tanco Mine went into production in 1969 and produced tantalum, cesium and lithium concentrate. It was previously North America’s largest and sole producer of spodumene (Li), tantalite (Ta) and pollucite (Cs).
Tianqi Lithium chair Jiang Weiping and Premier Colin Barnett in Kwinana. Picture: Colin Murty
The chief executive of one of the world’s biggest lithium companies says the wave of new supply being developed to meet the red-hot lithium market will take longer to materialise than expected.
Speaking at a ceremony to mark the start of construction at the new $400 million lithium hydroxide processing plant at Kwinana south of Perth, Tianqi Lithium chief Vivian Wu said strong forecast demand growth and a history of issues in bringing new supply on line bode well for the market over the longer term.
“People tend to assume that it’s easy and simple … but from past experience we know that with a lot of projects it’s going to take a lot longer and be a lot harder than you imagine to produce good quality stuff,” Ms Wu said.
China’s Tianqi Lithium is tracking towards a decision on whether to follow up development of its $400 million lithium plant at Kwinana with a major expansion of its Greenbushes feeder mine.
Premier Colin Barnett today joined Tianqi management at a ground-breaking ceremony for the proposed plant, which is ironically located on a 20ha site formerly occupied by Rio Tinto’s HiSmelt pig iron project, one of WA’s more notable failed exercises in value-adding minerals processing.
The Kwinana plant will use lithium concentrate from the Tianqi-controlled Greenbushes mine, 250km south of Perth, to produce 24,000 tonnes a year of lithium hydroxide for use in lithium batteries.
Tianqi owns 51 per cent of Greenbushes and has been mulling a potential doubling of its production of chemical-grade lithium concentrate, with the reported aim of deciding on an upgrade in early 2017.
Tianqi chief executive Vivian Wu took a cautious line on the company’s expansion studies at today’s ceremony.
“We are trying to evaluate the possibilities but there is nothing that is final,” Ms Wu said.
“Greenbushes has a lot of potential, and certainly has the strength to support our network,” she said.
The new plant will create 115 jobs when it opens in 2018.
VANCOUVER, BC / October 11, 2016 / International Lithium Corp. (TSXV: ILC.V) (the “Company” or “ILC”) in conjunction with strategic partner Pioneer Resources Limited (“Pioneer”) (ASX: PIO) have mobilized field crews to the Mavis and Raleigh lithium pegmatite projects east of Dryden, Ontario, Canada. In addition, 3 claims totalling 640 hectares (1,581 acres) were added to the west and along trend of the high-grade lithium spodumene pegmatites adjacent to the Mavis project boundary.
Planned Exploration Programs’ Key Highlights:
Mavis: 400 lithogeochemical (rock chips) sample program to refine drill targets in high priority areas;
Mavis West:
3 claims totalling 640 hectares newly staked to encompass extension of high-grade pegmatites near western edge of previous Mavis project boundary;
58 km ground magnetic survey to delineate target lithology along pegmatite trend;
100 lithogeochemical sample program to define continuation of pegmatite corridor;
Raleigh:
500 lithogeochemical sample program to refine and extend drill targets in high priority areas;
Comprehensive airborne magnetic survey across entire project to delineate target lithology to assist with drill placement;
