Rodinia Lithium Inc. TSX VENTURE : RM
OTCQX : RDNAF
September 20, 2011 07:30 ET
Diamond Drill Results
- Granulometry Determines Greater Than 90% Sand and Gravel in Diablillos Aquifers
- Bailer Tests Confirm Reverse Circulation Brine Sample Results, Increasing Confidence in Grade and Quality of Resource
- Basement Depths Reached, Fractured Basement Increasing Possible Resource Area
- First Pump Test Completed
TORONTO, ONTARIO--(Marketwire - Sept. 20, 2011) - Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM)(OTCQX:RDNAF) is pleased to provide an update on progress at its Salar de Diablillos Project ("Diablillos" or "Salar") located in Salta Province, Argentina. Diamond drilling on the Salar is ongoing, having completed six drill holes for a total of 1,008 vertical metres. Drilling consistently encountered sand and gravel dominant lithologies, with recoveries varying between 10% and 100%. Sections with high recovery were sent for granulometric analysis with results varying between 85% and 95% fine sand or greater diameter grain size.
During diamond drilling, brine was sampled using bailer tests, where one and one-half times the volume was removed before collecting the sample. D-DD-01 intersected 150 metres grading 521 mg/l lithium ("Li"), 5,254 mg/l potassium ("K"), 660 mg/l boron ("B"). This hole was drilled in the northeastern portion of the Salar where intersections consistent with the one observed in D-DD-01 are expected. Fractured basement was encountered from 189 metres to the end of hole. The fractured basement was saturated with lithium brine averaging 557 mg/l lithium.
William Randall, President & CEO of Rodinia, commented "Confirming the positive properties of the acquifers, from brine quality and grade to favourable lithologies, is an important step in increasing certainty and de-risking the project. We have now drilled and sampled the deposit with various different methodologies and have found consistent and positive results throughout. In addition, we have now completed our first pump test with final results expected shortly."
D-DD-02 encountered heavy artesian conditions limiting brine sampling to irregular intervals. However, all values collected between 42 metres and 156 metres depth averaged 510 mg/l Li. This hole was drilled in close proximity to D-RC-16, which also encountered heavy artesian conditions with brine values averaging 575 mg/l between 42 metres and 102 metres (for additional information please refer to press release dated January 13, 2011).
This is also the location of the first pump test which was successfully completed last week. Final reports on the pump test results are expected shortly and will be released accordingly.
The Project is supervised by Ray Spanjers, Rodinia's Manager of Exploration. Mr. Spanjers is considered a qualified person, as defined by National Instrument 43-101, and has reviewed and approved the scientific and technical information in this release. According to the Company's sampling protocol, sample size is to exceed 500 millilitres and be stored in clean, secure containers for transportation. The prepared samples are then forwarded to the ALS Laboratory Group, Environmental Division, in Fort Collins, Co (USA) for analysis. A rigorous QA/QC program is implemented consisting of regular insertion of standards and blanks to ensure laboratory integrity.
About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in North and South America. The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.
Rodinia's Salar de Diablillos lithium-brine project in Salta, Argentina, contains a recoverable resource of 2.82 million tonnes lithium carbonate equivalent and 11.27 million tonnes potassium chloride equivalent.
The project contains a recoverable inferred resource of 952,553,000 m3 grading 556 mg/L lithium and 6,206 mg/L potassium. Throughout 2011, Rodinia will focus on continuing to develop the Diablillos project by completing additional drilling and advancing through scoping study.
The Company also holds 100% mineral rights to approximately 70,000 acres in Nevada's lithium-rich Clayton Valley in Esmeralda County, and is currently in the process of assessing the size, quality and processing alternatives of this deposit. The Clayton Valley project is located in the only known lithium-brine bearing salt lake in North America, and looks to represent the only new source for domestic lithium carbonate supply.
The Projects are supervised by Ray Spanjers, Rodinia's Manager of Exploration. Mr. Spanjers is considered a Qualified Person, as defined by National Instrument 43‐101.
Please visit the Company's web site at www.rodinialithium.com or write us at info@rodinialithium.com.
Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the impact of the drill program at the Diablillos property and results of such drill program; the potential of the Diablillos property and Clayton Valley project; anticipated timing with respect to the completion of a preliminary economic assessment, the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
During diamond drilling, brine was sampled using bailer tests, where one and one-half times the volume was removed before collecting the sample. D-DD-01 intersected 150 metres grading 521 mg/l lithium ("Li"), 5,254 mg/l potassium ("K"), 660 mg/l boron ("B"). This hole was drilled in the northeastern portion of the Salar where intersections consistent with the one observed in D-DD-01 are expected. Fractured basement was encountered from 189 metres to the end of hole. The fractured basement was saturated with lithium brine averaging 557 mg/l lithium.
William Randall, President & CEO of Rodinia, commented "Confirming the positive properties of the acquifers, from brine quality and grade to favourable lithologies, is an important step in increasing certainty and de-risking the project. We have now drilled and sampled the deposit with various different methodologies and have found consistent and positive results throughout. In addition, we have now completed our first pump test with final results expected shortly."
D-DD-02 encountered heavy artesian conditions limiting brine sampling to irregular intervals. However, all values collected between 42 metres and 156 metres depth averaged 510 mg/l Li. This hole was drilled in close proximity to D-RC-16, which also encountered heavy artesian conditions with brine values averaging 575 mg/l between 42 metres and 102 metres (for additional information please refer to press release dated January 13, 2011).
This is also the location of the first pump test which was successfully completed last week. Final reports on the pump test results are expected shortly and will be released accordingly.
The Project is supervised by Ray Spanjers, Rodinia's Manager of Exploration. Mr. Spanjers is considered a qualified person, as defined by National Instrument 43-101, and has reviewed and approved the scientific and technical information in this release. According to the Company's sampling protocol, sample size is to exceed 500 millilitres and be stored in clean, secure containers for transportation. The prepared samples are then forwarded to the ALS Laboratory Group, Environmental Division, in Fort Collins, Co (USA) for analysis. A rigorous QA/QC program is implemented consisting of regular insertion of standards and blanks to ensure laboratory integrity.
About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in North and South America. The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.
Rodinia's Salar de Diablillos lithium-brine project in Salta, Argentina, contains a recoverable resource of 2.82 million tonnes lithium carbonate equivalent and 11.27 million tonnes potassium chloride equivalent.
The project contains a recoverable inferred resource of 952,553,000 m3 grading 556 mg/L lithium and 6,206 mg/L potassium. Throughout 2011, Rodinia will focus on continuing to develop the Diablillos project by completing additional drilling and advancing through scoping study.
The Company also holds 100% mineral rights to approximately 70,000 acres in Nevada's lithium-rich Clayton Valley in Esmeralda County, and is currently in the process of assessing the size, quality and processing alternatives of this deposit. The Clayton Valley project is located in the only known lithium-brine bearing salt lake in North America, and looks to represent the only new source for domestic lithium carbonate supply.
The Projects are supervised by Ray Spanjers, Rodinia's Manager of Exploration. Mr. Spanjers is considered a Qualified Person, as defined by National Instrument 43‐101.
Please visit the Company's web site at www.rodinialithium.com or write us at info@rodinialithium.com.
Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the impact of the drill program at the Diablillos property and results of such drill program; the potential of the Diablillos property and Clayton Valley project; anticipated timing with respect to the completion of a preliminary economic assessment, the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contact Information
Investor Cubed Inc.
Investor Relations
+1 (647) 258-3311
Rodinia Lithium Inc.
Aaron Wolfe
Vice-President, Corporate Development
+1 (416) 309-2696
www.rodinialithium.com
