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Silver Valley Metals Corp V.SILV

Alternate Symbol(s):  SVMFF

Silver Valley Metals Corp. is a Canadian exploration company. The Company is focused on the advancement of strategic and precious mineral properties. The Company owns a 100% interest in a lithium and potassium bearing salar complex comprising 4,056 hectares on three mineral concessions (the Mexico-Canada Project or Mexi-Can Project) located on the Central Mexican Plateau in the states of Zacatecas, and San Luis Potosi, Mexico. The mineral concessions include La Salada, Santa Clara and Caliguey. Its La Salada concession is located approximately 80 km north-northwest of Zacatecas city, adjacent to the town of La Salada. Its Santa Clara concession is located 70 km northeast of Zacatecas city, 8 km north-northwest of the town of Illescas. Its Caliguey is located 60 km northeast of Zacatecas city, 10 km east of the town of Villa de Cos.


TSXV:SILV - Post by User

Bullboard Posts
Comment by MudCreekeron Jun 07, 2016 4:30pm
106 Views
Post# 24943332

RE:Mexican concessions

RE:Mexican concessions

Obviously there's a pile of work to be done on the Mexican Concessions before lithium production begins, if it ever does.  Lots of dilution, technical reports, financing, etc. etc. etc.

One of the interesting things about those concessions, though, is that drilling/sampling was done on them in 2009/2010 by the previous owners.  The results were never reported in anything approaching 43-101 compliant form - they were announced in the press with inconsistent numbers coming out through that period, in what looks to me like a lot of hype.  The Alset boys will be looking at those numbers right now, and if there's anything there, I think we can expect them to reveal the "historical not-to-be-relied-on" numbers after the deal is finalized (if it is finalized).   Expect a news release containing that kind of info either with, or shortly after the release that announces the closing of the deal.

Bullboard Posts