Post by
lithomon on Nov 18, 2016 4:07pm
NoProblem6 - AAL's Brine Lithium hole North of SRJ Lithium
Absolutely NoProblem6, a Brine Lithium discovery in AAL's "first" hole (North of SRJ - Spearmint) with lithium concentration values comparable to the nearby Silver Peak Brine Lithium Mine is further confirmation of the 'brine' or 'surface claystone' lithium discoveries that continue East and/or North East of America's only lithium producer, owned by Albemarle & formerly owned by Rockwood Lithium. AAL's share price has performed well on progress to date with a trading range of $1.12 to $1.15 a share and 52 wk high of $1.24.
In moving along a southward direction of Advantage Lithium's Brine Lithium discovery borehole, there appears to be other very interesting early stage lithium progress occurring where the lithium mudstone-claystone rocks have geologically surfaced. These include projects owned by Cypress (CYP), Spearmint (SRJ) and Noram (NRM). The Cypress surface lithium claystone project of approximately 1520 acres has quickly moved to a Joint Venture Agreement between Cypress and Pure Energy (PE).
As many are aware, Pure Energy shares a 'common' boundary with Spearmint and Cypress (North-South claim boundary line).
Over the past months, systematic grid pattern sampling programs by the various groups have revealed some surprising high grade lithium concentrations in these surface and near surface lithium claystones. Additional work has moved relatively quickly in recent weeks to strongly indicate the surface lithium claystones of average grade lithium concentrations (~ 800 PPM Li or 900 PPM Li) are amenable to excellent recovery by modern leaching extraction methods.
These Brine and Surface Claystone lithium findings in the Clayton Valley basin by Pure Energy, Advantage Lithium, Cypress, Spearmint, Noram, etc. should be most interesting to the lithium sector investor or analyst, especially on account of the recent development that Tesla is now profitable much sooner than analysts & media anticipated and is likely to rev up lithium battery production at the nearby Gigafactory, located a relatively short driving distance on excellent highway infrastructure from the above Clayton Valley lithium findings. lithomon