AI
Sunday, May 20, 2012 3:19:11 PM
Maricunga Update and Project Overview
Of all of the Mammoth Energy projects, the one that seems to be positioned in a very hot zone, is the Salar de Maricunga concessions. Significant progress has been made in this region in the past 3 years and Mammoth has been in the thick of it, sometimes leading the way.
On April 24th, Lithium 3 Energy released a report that shows significant lithium on the Maricunga project. Some of the details of that report are included in this post.
http://www.li3energy.com/projects/ni-43-101/2012NI_43-101Report_LI3_Energy.pdf
I firmly believe that Mammoth Energy's subsidiary CLIL will be involved as it has been from the beginning in this region in the very near future. Things are moving very quickly as you will see in the timeline below. The Maricunga is one the best undeveloped lithium projects in the world. Mammoth is positioned with a large concession in the midst of this project. You will see in this post the significance of their existence and their ability to secure a position before many of its peers.
Lithium 3 has recently (Dec. 2011) upped the ante on their Maricunga holdings, those concessions are detailed in yellow in this satelitte image. In this image you will see the main lithium players involved in the Maricunga project.
Maricunga Timeline Study
Notice how quickly the region heats up. As the Chilean Govt. begins to talk about easing lithium production, junior miners seem to line up to acquire claims in this region.
In a previous post I showed images of copper pits located to the north of the salar. I will show the significance of that here. Li3 shows these copper pits in this image in their latest Maricunga report.
Here are the satelitte images of the copper mines.
This pit is actually located on the edge of the salar!
It is my belief that these copper concessions were mined in the late 1990's, and were closed during the copper donwturn that occured later. With recent interest in copper accelerating many companies are now targeting this region for new projects.
In the Lithium 3 report it shows water wells that were constructed by Compania Mantos de Oro and Chevron. These wells supply the much needed resource to the gold claims nearby mined by Kinross. Chevron was involved in the copper concessions in the 90's and you will see its water well located nearby.
The Water wells
Notice the location of these wells, in this image you will see they are on the Kinross concession located directly next to MMTE's.
Close up of the wells.
Finally lets get to the lithium!
Lithium study in the Mammoth region
From the lithium 3 report they talk extensively about the drainage of runoff from the salar and its impact on the project.
In this image you will see that in the location where MMTE's concessions are located there is a large drainage basin that it is believed runoff from the salar would fill and travel to the Southeast.
Looking at this image again, notice the drainage and location of wells. Also look at circled area that shows tested for lithium.
This image shows the results of Salres 7's technical report for the Maricunga salar. Notice the Li levels in the region. These results only show the edges of the salar. When Mammoth first expressed interest in the concessions from Salt Gold in 2010 they had their own results that show concentration levels from the middle of the salar.
The drainage basin also tested positive for lithium and could also be a source for brine tests if CLIL should move forward. I think they will move forward.
Much more to come on this project and other Mammoth projects in Chile, I have some leads and Gold and copper in this region that I will post much later.
Of all of the Mammoth Energy projects, the one that seems to be positioned in a very hot zone, is the Salar de Maricunga concessions. Significant progress has been made in this region in the past 3 years and Mammoth has been in the thick of it, sometimes leading the way.
On April 24th, Lithium 3 Energy released a report that shows significant lithium on the Maricunga project. Some of the details of that report are included in this post.
http://www.li3energy.com/projects/ni-43-101/2012NI_43-101Report_LI3_Energy.pdf
I firmly believe that Mammoth Energy's subsidiary CLIL will be involved as it has been from the beginning in this region in the very near future. Things are moving very quickly as you will see in the timeline below. The Maricunga is one the best undeveloped lithium projects in the world. Mammoth is positioned with a large concession in the midst of this project. You will see in this post the significance of their existence and their ability to secure a position before many of its peers.
Lithium 3 has recently (Dec. 2011) upped the ante on their Maricunga holdings, those concessions are detailed in yellow in this satelitte image. In this image you will see the main lithium players involved in the Maricunga project.
Maricunga Timeline Study
Notice how quickly the region heats up. As the Chilean Govt. begins to talk about easing lithium production, junior miners seem to line up to acquire claims in this region.
In a previous post I showed images of copper pits located to the north of the salar. I will show the significance of that here. Li3 shows these copper pits in this image in their latest Maricunga report.
Here are the satelitte images of the copper mines.
This pit is actually located on the edge of the salar!
It is my belief that these copper concessions were mined in the late 1990's, and were closed during the copper donwturn that occured later. With recent interest in copper accelerating many companies are now targeting this region for new projects.
In the Lithium 3 report it shows water wells that were constructed by Compania Mantos de Oro and Chevron. These wells supply the much needed resource to the gold claims nearby mined by Kinross. Chevron was involved in the copper concessions in the 90's and you will see its water well located nearby.
The Water wells
Notice the location of these wells, in this image you will see they are on the Kinross concession located directly next to MMTE's.
Close up of the wells.
Finally lets get to the lithium!
Lithium study in the Mammoth region
From the lithium 3 report they talk extensively about the drainage of runoff from the salar and its impact on the project.
In this image you will see that in the location where MMTE's concessions are located there is a large drainage basin that it is believed runoff from the salar would fill and travel to the Southeast.
Looking at this image again, notice the drainage and location of wells. Also look at circled area that shows tested for lithium.
This image shows the results of Salres 7's technical report for the Maricunga salar. Notice the Li levels in the region. These results only show the edges of the salar. When Mammoth first expressed interest in the concessions from Salt Gold in 2010 they had their own results that show concentration levels from the middle of the salar.
The drainage basin also tested positive for lithium and could also be a source for brine tests if CLIL should move forward. I think they will move forward.
Much more to come on this project and other Mammoth projects in Chile, I have some leads and Gold and copper in this region that I will post much later.
This is only my opinion, not an endorsement to buy or sell anything. Buying stocks is risky; you could lose all of your investment. Always do your DD.
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