Rodinia Lithium
Rodinia Lithium is a Canadian mineral exploration company with a primary focus on Lithium exploration and development in North and South America. The Company is positioned to capitalize on the explosive demand for lithium carbonate expected from the paradigm shift to mass adoption and use of key lithium applications (lithium-ion batteries, glass ceramics, greases, pharmaceuticals, etc.).
Rodinia Minerals to start new Drill Program at Clayton Valley lithium project and completes gravity survey
Rodinia Minerals Inc (TSX-V: RM) has awarded the contract for drilling on its flagship Clayton Valley lithium property in Nevada to a company based in Arizona. The mobilization of drills to the property has been initiated and drilling is expected to commence as soon as they arrive.
All environmental permits in support of the drill campaign are in place as are access agreements with surface land holders, the company said.
The drill program will focus on target areas surrounding Rockwood Holdings' Silverpeak wells within the 50,440 acres of Rodinia's 534 claims in Nevada's lithium-rich Clayton Valley.
The reverse circulation program is planned to test the extensive lithium-bearing aquifers, as outlined by compiling gravity, seismic and borehole data from previously completed work in the area. Geologically, the aquifers in the Clayton Valley have many characteristics that place it among the best and most economical lithium bearing basins in the world, Rodinia said.
Results from this drilling will be used to establish a NI 43-101 compliant resource estimate.
President and CEO David Stein said: "The project has progressed very well. Final planning for the initial targets is complete, field offices are established and we are excited for the drills to start turning. We anticipate results within approximately six weeks of collaring the first drill hole."
A surface gravity survey covering the entire 50,440 acre land package has been successfully completed. The acquired data is being processed and will be used to delineate prospective areas of the basin and set additional drill targets for the new drilling program.
Rodinia is looking to become a low cost producer of lithium carbonate from brine and to ride the wave of the strong long term demand prospects for lithium. Apart from establishing the mine in Nevada it will also be looking to develop the recently acquired Strider lithium project in Manitoba and to make other lithium acquisitions.
Earlier this month it announced an agreement with a private party in Argentina to acquire a 100 percent interest in approximately 4,500 hectares of the Salinas Grandes salt flat (salar) in the province of Jujuy, Argentina.
Besides its lithium interests, Rodinia is exploring for uranium at several projects in Arizona and Utah.
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Other Rodinia Lithium articles
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22/07/10 Rodinia C$5 million Equity Finance to Advance Salar de Diablillos Lithium Project
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26/10/09 Rodinia Minerals is seeking to ride the wave of strong long term demand for lithium
Other Rodinia Lithium news
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22/07/10 Rodinia to raise at least C$5 mln for Argentine lithium brine projects
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17/06/10 Rodinia Minerals starts next exploration phase at Salar de Diablillos lithium project
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16/06/10 Rodinia Minerals name change to Rodinia Lithium approved by shareholders
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01/06/10 Rodinia Minerals promote William Randall to President and CEO
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26/05/10 Rodinia Minerals says drilling results from Diablillos lithium project confirm potential
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18/05/10 Rodinia Minerals completes secondary placing, total proceeds raised CDN$2 million
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28/04/10 Rodinia Minerals hires Farhad Abasov as new chairman
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20/04/10 Rodinia Minerals encouraged by Phase II results at Salar de Diablillos which exceed initial samples
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20/04/10 Rodinia Minerals completes 1st tranche of fundraising for lithium projects development
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04/03/10 Rodinia Minerals 'encouraged' by sample results from Clayton Valley lithium-brine project
