Visitors Now:
Total Visits:
Total Stories:
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

MacArthur Minerals doubles lithium acreage in Nevada

Monday, November 7, 2016 9:21
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Rare Earth Minerals PLC’s (LON:REM) Canadian associate Macarthur Minerals (CVE:MMS) has doubled its acreage around its Stonewall lithium project in the Lida Valley in Nevada.

The 360 new claims cover approximately 6,975 acres (28.22 sq km) and have increased the company’s footprint in the Lida Valley to approximately 12,019 acres (48.64 sq km) or almost all of the playa/ dry lake bedin the valley.

REM owns a 16.56% shareholding in MacArthur, which said it increased its acreage due to the surface grades returned from the initial drilling program of up to 145.5 parts per million lithium.

The Lida Valley is the basin adjacent to the Clayton Valley, which hosts North America’s only producing lithium mine, Albemarle’s Silver Peak.

David Taplin, Macarthur Minerals’ chief executive, said: “The company has strategically expanded its footprint in the Lida Valley to cover almost all of the playa, where we have detected lithium near surface from all nine drill holes with grades up to 145.5 ppm lithium.

Lida Valley is only 306 kilometres from Tesla’s Gigafactory in Nevada, he added.

Story by ProactiveInvestors

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.