Stan Bharti to joinRodinia Minerals Inc.: Clayton Valley Lithium Project Drilling Update
RODINIA MINERALS INC RM
8/31/2009 12:48:53 PM
VANCOUVER, BRITISH COLUMBIA, Aug 31, 2009 (MARKETWIRE via COMTEX News Network) --
Rodinia Minerals Inc. (TSX VENTURE: RM) (the "Company") is pleased to announce that the drill permit for an initial 3 hole program in Clayton Valley, Nevada has been received. The permit is valid for one year and will allow additional holes to be drilled, provided that a letter is sent to the Nevada Land Management Office detailing further drilling and the payment of any additional bonding requirements.
The first round of drilling will be used in conjunction with the recently completed 2D reflective seismic program to generate an accurate picture detailing the geological profile of the basin. The drilling will test the northern boundary of the lithium-bearing formation with 2 holes. The other hole will test the eastern boundary to provide information on whether the Paymaster Fault is a conduit or a barrier to the lithium brines percolating into the aquifer from the lithium-bearing hard rock formations.
A tracked rotary drill rig will be used for the program and chemical testing of the water extracted from the holes will provide information on lithium content.
The lithium-bearing brines are found in layers of volcanic ash and gravels down to the basement of the basin estimated to occur at a depth of 2800'. The current round of drilling will go to a depth of 1200', deeper drilling will be considered for a future program. Production from the existing Silver Peak facility in Clayton Valley is generated from lithium brines in the volcanic ash layer at a depth of 300'.
An additional 2D reflective seismic survey is planned and will extend the current lines north from an existing production well and to the east and west boundaries of the valley.
Information and maps outlining the proposed drill program can be viewed on the Power Point presentation available on the Rodinia website www.rodiniaminerals.com.
The Company's Annual General Meeting is scheduled for September 28, 2009 at the corporate office located at suite 600, 595 Howe St., Vancouver, B.C. Stan Bharti, Rene Bharti and Farhad Abasov have been nominated to join the board in addition to current members Bruce Ford, Tony Wonnacott and Don Mosher. Ken Thorsen has agreed to resign his position after several years of service to the Company both as a director and geologist reviewing work programs and the acquisition of projects. , Tony Wonnacott and Don Mosher. Ken Thorsen has agreed to resign his position after several years of service to the Company both as a director and geologist reviewing work programs and the acquisition of projects.
ON BEHALF OF THE BOARD
RODINIA MINERALS INC.
Donald Mosher, President
Issued and O/S: 34,797,412 shares
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts: Rodinia Minerals Inc. Donald Mosher President (604) 685-6465 info@rodiniaminerals.com www.rodiniaminerals.com
SOURCE: Rodinia Minerals Inc.
mailto:info@rodiniaminerals.com https://www.rodiniaminerals.com
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