seekingalpha.com/article/4073242-lithium-boom-ii-cobalt-boom-ii-coming-soon?ifp=0
Business Highlights for 1Q-2017 and to Date
Lithium business. During Q1, the Company expanded its lithium property holdings to over 14,000 acres at its Columbus Basin project by entering into an option agreement to purchase a block of unpatented placer mining claims covering an area of approximately 3,040 acres which adjoin a portion of the Company’s current property holdings. This brings the Company’s total lithium property holdings to over 27,000 acres in Nevada and Utah. In addition, the Company submitted two water rights applications to the State of Nevada for the Columbus Basin project, acquired geophysical data from a major mining company and engaged a geophysical consultant to review, integrate and reinterpret the historical geophysical survey data. The key results of this work were: (1) the indicated depth of the Columbus Salt Marsh basin is greater than expected and in excess of 6,500ft (2,000m) which increases the probability of intersecting favorable geology for lithium brines at depth and (2) the combined presence of hypersaline brines and shallow low density geologic horizons, as indicated by resistivity modelling, present excellent targets for lithium brine exploration. The new geophysical data interpretation will be coupled with the Company’s geochemical sampling results to finalize geologic targets and drill hole locations for a 3rd quarter drill campaign at the Columbus Basin Project.
Sounds to me like these guys know something! $URRE
