Proactive Investors - Run By Investors For Investors

LithiumOre reaches target depth of 3,000 feet at Railroad Valley lithium project

The Oroplata Resources subsidiary says the drilling depth was reached ahead of schedule and the company is now gathering data
LithiumOre holds 1,300 lithium mineral claims, totaling 26,000 acres in Nevada's Railroad Valley

LithiumOre Corp, a wholly-owned subsidiary of Oroplata Resources Inc (OTCQB:ORRP), announced Thursday that drilling has reached a target depth of 3,000 feet ahead of schedule at its Railroad Valley lithium project in Nevada.

The Nevada-based mining company said in a statement that it was now gathering data.  

Shares of parent Oroplata recently traded up 4.5% at $0.25 a piece on the OTC Markets.

READ: LithiumOre Corp to kick off drilling in mid-April at Railroad Valley lithium project in Nevada

LithiumOre is a resource exploration and development company whose top focus is the establishment of a low-cost, environmentally sound production base to supply the rapidly growing lithium-ion battery industry for both mobile devices and laptops, as well as the burgeoning electronic vehicle industry.

The supply market for lithium is poised to become tight over the next decade. 

LithiumOre holds 1,300 lithium mineral claims, totaling 26,000 acres in the Railroad Valley of Nye County, Nevada.

Contact the author: [email protected]

Follow him on Twitter @patrickmgraham

View full ABML profile View Profile

American Battery Metals Corp Timeline

Related Articles

March 07 2019
With operations in Honduras back on track and costs coming down, Wishbone's margins are set to rise.
A Western Australian map
March 14 2019
Its new CEO has brought new vigour to the company with cash for a buy-up.
The high-grade Aucu project on a Kyrgyzstan map
January 21 2019
White Cliff Minerals has a portfolio of projects, including a high-grade gold project in the Kyrgyz Republic and nickel-cobalt battery minerals projects in Western Australia. The company is undertaking a review of its assets, hoping to determine how it can maximise value and save on costs.
Copyright ©, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use