Here is the PR where it states that the geologicals are 1000PPM. With those numbers 30k/ac is somewhat conservative. There is so much positive here. Just Amazing.
NEW YORK, April 27, 2011 /PRNewswire via COMTEX/ -- Mammoth Energy Group Inc. (PINK: MMTE), a lithium and alternative energy mining company, announced today that it intends to increase its investment and intends to acquire a total of 3500 Hectares or approximately 8645 acres in the Salar de Maricunga located near Copiapo, Chile.
"Once the Salar de Maricunga, our first acquisition, is completed we will focus on the roll out of additional acquisitions across Chile and Argentina that we have been working on for sometime," announced William Lieberman, President of Mammoth Energy Group.
The company is currently working with Philippi, Yrarrazaval, Pulido & Brunner, a leading Chilean mining firm who is completing the due diligence and the final transaction documents on this initial transaction.
Mr. Lieberman added, "Working overseas or in any foreign country can sometimes have its challenges and we have always been focused on building shareholder value over the long run and will continue to do so."
The acquisition, once completed, will have 43-101 compliant lithium values of 1000 mg/l. The Salar de Maricunga is a world class lithium
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