Friday, November 24, 2017 3:44:01 PM
Lithion has a substantial land package in Railroad Valley. Just under 10,000 acres in 3 blocks in close proximity. Lithion and Dahrouge Geological’s opinion is that RRV is a larger analogue of Clayton. There is elevated surface, spring, rhyolitic tuffs, and clay samples in the valley, the theory is that the near surface saturated brine pool hosts elevated lithium brine numbers. That is why they are there, and that Is why they recently staked more land.
Railroad Valley is essentially completely staked. There are 4 other companies 3 public and 1 private. The private company is 3 Proton. They have spent $600k staking, and have done extensive ground work as well as logging data from 93 oil wells in the valley. They are in the process of mobilizing drills now to prove up a reserve. They are not doing it for a promote, but to build and sell the asset, as part of the acquisition by a producer of the entire Valley when a reserve is proven up. The fact that they have raised money and are doing this privately should provide al ot of confidence that they are correct. From the screenshot from their presentation 3 Proton belive they could me on the mother load between 400-1500 ppm Li. Word is that 3PL believe that they may drill 300 meters of 1000 ppm li. As you know, Pure Energy has less than 150 ppm in Clayton, and the average in Argentina is 500-600 ppm. With the Valley being substantially larger than Clayton, and the potential for 30,000 hectares of brine pool, a discovery like this could make the Valley worth billions.
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