Strategic Asset Leasing Inc (fka LEAS)

[shinebox]

THIS IS IT!!!


Hopefully MMTE has been resurected form the dead. The numbers LEXG is looking to acquire is exactly MMTE's concessions. Keeping fingers crossed that I get my money out of this stock...even make a little too

From Lithium Exploration Group (LEXG) PR...
http://finance.yahoo.com/news/lithium-exploration-group-enters-loi-130000570.html

ABOUT "PROJECT CHILE"
"Project Chile" is comprised of 8,649 acres (3,500 hectares) in the southern section of the Salar de Maricunga, seven concessions for a total of 4,695 acres (1,900 hectares) in the Salar de Pujsa, and 2,471 acres (1,000 hectares) in the Salar del Laco for a total of just less than 16,000 acres throughout Chile.

From MMTE's website...
http://www.mammoth-energy.com/projects.php

Salar de Maricunga:

Acres: 8649 acres (3500 Hectares)
Concessions: 13
Location: Commune—Copiapo

The Salar is located approximately 230km from the international airport of Caldera, and approximately 250km from the mining port of Chañaral. All these facilities are connected to the Salar by paved roads that can be used throughout the year.

The Salar de Maricunga is the second largest basin in Region III and has a basin area of 3,045 km2. This basin is characterized by significant morphological, climatic and geological variations, which normally occurs with major river basins.

During the 1980's, the "Comite de Sales Mixtas" CORFO (State Agency of the Republic of Chile) carried out a study in order to determine the potential in inorganic salts of commercial interest of the Salars. After performing a sampling and chemical analysis program, CORFO the following mineral resource at the Salar de Maricunga:

224,300 tonnes of Li; or
600,000 tonnes of Recoverable Li2CO3 (utilizing a 50% recovery factor); or
30,000 tonnes per year of Lithium Carbonate for 20 years
3,274,000 tonnes of KCl (potash); or
2,300,000 tonnes of KCl (utilizing a 70% recovery factor); or
115,000 tonnes per year of KCl for 20 years or 96% or Alfredo Requirements

Salar del Laco:

Acres: 2471 acres (1000 Hectares)
Concessions: 6
Location: Commune—San Pedro de Atacama

The Salar de laco is approximately 10 miles from the border of Argentina and approximately fifty miles away from the Salar de Atacama, Chile’s largest mined lithium reserve. The Salar de laco has similar geology to the Salar de Atacama where lithium concentrations average between 500 to 750 ppm lithium

Salar de Pujsa:

Acres: 4695 acres (1900 Hectares)
Concessions: 7
Location: Commune—San Pedro de Atacama

The Salar de Pujsa is located in the north east corner of Chile, close to the borders of both Boliva and Argentina, approximately thirty-five miles away from the Salar de Atacama, Chile’s largest mined lithium reserve.

The Salar de Pujsa has similar geology to the Salar de Atacama where lithium concentrations average between 500 to 750 ppm lithium and 9000-10000 ppm for potassium and is the largest lithium brine mined in the world.