Rodinia Lithium Inc. Reports 285 mg/L Lithium Over 145 metres at the Clayton Valley Project - Increased Resource Potential in the Southern Gravity Low- Large Mineralized Intersection Averaging 285 mg/L Lithium of 145 metres in SPD-09- Section Include
- Increased Resource Potential in the Southern Gravity Low
- Large Mineralized Intersection Averaging 285 mg/L Lithium of 145 metres in SPD-09
- Section Includes Previously Reported Zone Averaging 370 mg/L Lithium Over 24.2 metres, and is Immediately Adjacent
- Mineralized Zone Discovered Immediately South of Current Lithium Producing Property
TORONTO, ONTARIO -- (Marketwire) -- 02/16/11 -- Rodinia Lithium Inc. ('Rodinia' or the 'Company') (TSX VENTURE: RM)(OTCQX: RDNAF), is pleased to report additional results from its Clayton Valley lithium brine property located in Nevada, USA ('Clayton Valley' or the 'Property'). Further analysis of drill results from the 2010 drilling campaign indicates an extended mineralized horizon immediately adjacent to the intersection reported for drill hole SPD-09. While the targeted aquifer, believed to be a past and current producer, averaged 370 mg/L lithium ('Li') over 24.2 metres (See Press Release dated March 4, 2010) the significantly mineralized brine continued to a total depth of approximately 317 metres. The full intersection averages 285 mg/L Li over 146.3 metres.
William Randall, President and CEO of Rodinia, commented 'we are extremely encouraged by these results as it increases the resource potential of our Clayton Valley property. This intersection reinforces our belief in the project as we approach the next phase of exploration drilling. The required drill permits are being re-submitted to include cultural and wildlife studies in order to ensure proper conservation of the land and its inherent cultural qualities. We look forward to recommencing drilling as soon as the Company receives the required permits. In the meantime we will continue with our ground exploration program in preparation for an optimized and accelerated drill program.'
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B Li Mg K SO4
From (m) To (m) (mg/L) (mg/L) (mg/L) (mg/L) (mg/L) Mg:Li SO4:Li
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170.7 176.8 37 390 440 6800 8700 1.13 22.31
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176.8 182.9 31 380 420 6800 8700 1.11 22.89
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182.9 189.0 23 400 460 7000 8800 1.15 22.00
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189.0 195.1 27 360 430 6400 8200 1.19 22.78
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195.1 201.2 26 320 510 5700 11000 1.59 34.38
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201.2 207.3 5.4 200 360 4000 7200 1.80 36.00
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207.3 213.4 24 280 430 4800 8500 1.54 30.36
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213.4 219.5 22 270 430 4800 8300 1.59 30.74
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219.5 225.6 20 270 420 4700 8500 1.56 31.48
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225.6 231.6 17 270 470 4500 8400 1.74 31.11
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231.6 237.7 16 270 470 4500 9100 1.74 33.70
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237.7 243.8 16 270 470 4400 8600 1.74 31.85
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243.8 249.9 16 270 470 4400 8300 1.74 30.74
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249.9 256.0 16 270 470 4400 8300 1.74 30.74
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256.0 262.1 16 270 470 4300 8200 1.74 30.37
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262.1 268.2 15 240 450 3900 8200 1.88 34.17
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268.2 274.3 16 270 480 4300 8700 1.78 32.22
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274.3 280.4 16 260 480 4200 8300 1.85 31.92
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280.4 286.5 16 270 470 4300 8200 1.74 30.37
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286.5 292.6 18 280 460 4700 8600 1.64 30.71
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292.6 298.7 17 270 480 4500 8700 1.78 32.22
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298.7 304.8 9.6 260 550 3700 8200 2.12 31.54
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304.8 310.9 9 250 540 3600 8600 2.16 34.40
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310.9 317.0 8.8 250 550 3500 8200 2.20 32.80
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Intersection 146.3 18 285 466 4758 8521 1.68 30.49
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The intersection is composed primarily of mixed clay, sand and gravels with significant intersections of dense clay. The expected white ash marker layer that management believes to correlate with producing horizons was intersected at approximately 190 metres. Drill measured flow rates below this horizon remained high with the entire intersection averaging 57 gallons per minute, with the highest flow rate measured at approximately 285 metres.
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 company with a primary focus on lithium exploration and development in North and South America. The Company is positioned to capitalize on the expected increase in demand for lithium carbonate that is projected to result from the anticipated paradigm shift to mass adoption and use of key lithium applications like lithium-ion batteries as well as glass ceramics, greases, pharmaceuticals etc.
Rodinia is currently exploring its Clayton Valley project in Nevada, USA, which surrounds the only lithium-brine producer in North America, and its Salar de Diablillos project in Salta, Argentina.
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 Clayton Valley property and results of such drill program; the potential of the Clayton Valley property; 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.
Contacts:
Investor Cubed Inc.
Investor Relations
1 (647) 258-3311
Rodinia Lithium Inc.
Aaron Wolfe
Vice-President, Corporate Development
1 (416) 309-2696
info@rodinialithium.com
www.rodinialithium.com