InvestorsHub Logo
Followers 54
Posts 6846
Boards Moderated 0
Alias Born 02/28/2011

Re: chloebware post# 66948

Thursday, 05/26/2011 8:26:41 PM

Thursday, May 26, 2011 8:26:41 PM

Post# of 155461
MORE TO COME:)

Mammoth Energy Group Inc. (PINKSHEETS: MMTE) announced today that it has signed a Letter of Intent to acquire fifty-one (51%) of the outstanding stake of Salt Gold Inter Chile Limitada's concessions in the Salar de Maricunga located in the Atacama desert near Copiapo, Chile.The company expects its entire lithium package once complete will total acreage of approximately 12,500 hectares or close to 31,000 acres. The value of acres in Chile has been estimated to be $10,000 to $30,000 depending on lithium concentration levels.