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TSX-V News: Rodinia Lithium, SilverCrest Mines, Selwyn Resources and more

16th Feb 2012, 4:20 pm by Proactiveinvestors
TSX-V News: Rodinia Lithium, SilverCrest Mines, Selwyn Resources and more

Rodinia Lithium (CVE:RM) (OTCQX:RDNAF) said Thursday that it has started the construction and operation of a pilot production facility at its Salar de Diablillos lithium brine project in Salta Province, Argentina.

The purpose of the pilot production facility is to confirm the proposed process outlined in the recent preliminary economic assessment for the project, with results to be included into a feasibility study.

Sama Resources (CVE:SME) Thursday unveiled assay results for mineralized intersections of 11 holes drilled in October and November 2011 at its Samapleu project in Cote d'Ivoire, Africa.

Assay results for 11 holes drilled at the Samapleu Extension 1 poly-metallic zone and the Samapleu Main poly-metallic deposit have been received.

SilverCrest Mines (CVE:SVL)(OTCQX:STVZF) said Thursday that it continues to validate the results of 56 historic core holes drilled on its La Joya property in Mexico between 1979 and 2003 by previous operators, with the Coloradito target showing potential for bulk tonnage.

Selwyn Resources (CVE:SWN) said Thursday it has purchased 273.43 acres of surface rights to the west of the current Main Pit at its ScoZinc mine in Nova Scotia.

These lands cover the proposed southwest expansion area of the Main Pit, for inclusion of the updated mineral resources announced in April last year.

With the purchase of the surface rights, the company can complete its application for the Industrial Authorization to expand the Main Pit, based upon the recent approval of Nova Scotia Environment.

Orko Silver Corp. (CVE:OK) provided Thursday an update on activities at its La Preciosa silver-gold deposit in the State of Durango, Mexico, with the company expected to deliver a new preliminary economic assessment (PEA) by the middle of this year.

EurOmax Resources (CVE:EOX) was recently featured in the Caesars Report, an independent equity and market research firm, based on a recent field trip to some of the mineral explorer's assets.
Secutor Capital mentioned Cadillac Ventures' (CVE:CDC) in a recent research note after the junior explorer reported an increase in resources at its K1-1 deposit in Ontario earlier this week.

The updated inferred mineral resource at K1-1 was for 53,614,000 tonnes grading 0.38 percent copper, 0.10 percent nickel, 1.83 grams per tonne (g/t) silver, 0.03 g/t gold, 0.05 g/t platinum and 0.14 g/t palladium.

WesternZagros Resources (CVE:WZR) said Thursday it has made an oil discovery in the Upper Fars Formation at the Mil Qasim-1 exploration well in the Kurdistan Region of Iraq.

The company said the well encountered a gross hydrocarbon-bearing interval of approximately 800 metres containing numerous sandstones, each in the range of 2-13 metres thick, in the Lower Bakhtiari and Upper Fars Formations.

Caza Oil & Gas (CVE:CAZ)(LON:CAZA) today told investors it is putting its controlling stake in the San Jacinto property in Texas up for sale.

It said that recent operations on the property were a success and the Caza Elkins 3401 and 3402 wells are both performing as expected.

However, Caza says it is looking to sell the property because it has even more favourable investment opportunities elsewhere and attractive sales prices for similar properties.

Southern Arc Minerals (CVE:SA) (OTCQX:SOACF) unveiled Thursday phase one drilling results from the Bising target at the Mencanggah prospect on its West Lombok property in Indonesia.

Highlights of results include hole MCG028, which intersected 51.3 metres at 1.5 grams per tonne (g/t) gold from 35.6 metres, including 5.1 metres at 3.5 g/t gold from 53.4 metres and 3.8 metres of 4.9 g/t gold from 60.2 metres.

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