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Sunday, May 29, 2011 3:22:21 PM
Mammoth Energy Group has signed a Letter of Intent with Salt Gold Inter Chile Limitada whose concessions are located in the Salar de Maricunga.The company is currently speaking with five other local Chilean and Canadian companies to acquire mining rights and concessions.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.
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