First Lithium Applies to Drill at Teels Marsh Lithium Project
August 18, 2011
TRADING SYMBOLS:
MCI-(TSX-V)
FLNTF-(OTC)
MHN-(FSE)
FIRST LITHIUM APPLIES TO DRILL AT TEELS MARSH LITHIUM PROJECT
Vancouver, British Columbia – First Lithium Resources Inc. (the "Company") is pleased to announce that it has applied for drill permits for its Teels Marsh lithium project in Mineral County, Nevada. A Notice of Operations was submitted to the Bureau of Land Management’s Stillwater field office in Carson City, Nevada with a proposal to drill up to 21 holes for the purpose of sampling groundwater for geochemical analyses.
An agreement has been reached between the Company and Pediment Gold LLC for the latter to conduct the proposed program at such time that the permits are received. Samples are to be taken at 50 foot intervals to depths of up to 200 feet using a 6600 series Geoprobe.
Teels Marsh is located approximately 54 miles northwest of Clayton Valley, the location of North America’s only producing lithium mine. Teels shares similarities with Clayton valley in that they are both closed desert basins that were mined for Borax in the 1800s.
In the mid-seventies, the U.S.G.S. performed extensive sampling of 58 basins to evaluate the potential for economically viable lithium sources in Nevada (Lithium in Sediments and Rocks in Nevada, 1976, U.S.G.S. O.F.R 76-828). Teels yielded the top “high samples” produced in the entire study. They are as follows:
850 ppm (high sample) - 47 samples near springs marginal to playa
580 ppm (high sample) - 50 samples from backhoe pits near springs
560 ppm (high sample) – 30 samples from playa surface
Subsequent water sampling of surface springs along the northwest margin of the Teels Marsh playa (see news ABR.V, Jan. 11, 2010) has confirmed lithium anomalies detected in the above referenced U.S.G.S. surveys. The anomalously high lithium contents are interpreted to reflect Li input into the playa from the hills to the northwest. The hills are largely underlain by Tertiary volcanic rocks and Cretaceous granodiorite, either of which could be source rocks for lithium-bearing brines at depth in the playa.
Further sampling, this time of sediment 0.5m below the salt crust by (see news MCI.V, Sept. 21, 2010) also revealed highly anomalous lithium values ranging from 55.7 to 298 parts per million (ppm).
Teels Marsh is a playa (dry lake) deposit containing chlorides, sulphates, carbonates, bicarbonates and borates of sodium and potassium. These occurrences and the existence of historical data suggesting lithium water flows into the marsh are the factors responsible for eliciting the Company's keen interest.
First Lithium has an option to earn up to 80% interest in the Teels Marsh project in its agreement with Ashburton Ventures Inc.
ON BEHALF OF THE BOARD
Craig Naughty
President & CEO
For further information contact Craig Naughty, or visit the website at
www.firstlithiumresources.com
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