Argentina Mining's Blog I Latest news on Mining in Argentina

Este blog fue creado para publicar novedades sobre la mineria en Argentina, complementando así nuestro web y presencia en redes sociales. Como todas nuestras actividades, apunta a conectar a la comunidad minera argentina y establecer un ámbito de promoción de la actividad en el mundo, generando oportunidades de negocios.
---
This blog was created to publish news on argentinean mining, thus complementing our website and presence in social networks. As all of our activities, it intends to connect the mining community in Argentina and provide a place to promote the activity in the world, developing business opportunities.
Mostrando entradas con la etiqueta litio. Mostrar todas las entradas
Mostrando entradas con la etiqueta litio. Mostrar todas las entradas

23 feb 2010

Rodinia Minerals Inc. Provides Operational Update on Clayton Valley and Diablillos



TORONTO, ONTARIO--(Marketwire - Feb. 23, 2010) - Rodinia Minerals Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM)(OTCQX:RDNAF) is pleased to provide an operational update on its Clayton Valley lithium-brine project in Nevada, USA ("Clayton Valley"), and on its Salar de Diablillos lithium-brine project in Salta, Argentina ("Diablillos"). "We are encouraged by the progress our team has made so far in 2010 at Clayton Valley and our ability to add to our land package at Diablillos," remarked David Stein, President and CEO. "In addition, the startup of the exploration program at Diablillos marks another key milestone for the Company." The Company anticipates drilling at both Clayton Valley and Diablillos will assist in establishing a NI 43-101 compliant resource estimate on both properties. The Company also anticipates it will be able to provide additional updates to this effect in the coming weeks.

Clayton Valley Project, Nevada, USA

The previously announced drill program at Clayton Valley (see Press Release dated December 8, 2009) is progressing with four holes completed to date, and a fifth hole on the western margin ready to be re-drilled now that additional casing has arrived at site. Both the eastern and southern claim packages have been tested with two holes each, with the second hole on the southern block currently underway at a depth of 1,500 feet. The technical difficulties encountered in the previous drill campaign have all been resolved, and two holes have successfully reached the basement floor.

Commenting on the drill program at Clayton Valley, William Randall, Vice President Exploration stated, "The drilling is progressing as planned. To date, we have encountered specific gravity and salinity values in discrete, clay bounded aquifers, which through comparative and relative analysis, are consistent with our understanding of rich lithium mineralization. Assaying for lithium is in progress and we anticipate being able to report initial results within the next two weeks to a month."

The Company is also in receipt of a gravity survey with results indicating that basin depths within the Clayton Valley are at their deepest within Rodinia's current claim package. "These deeper areas have the potential to host denser lithium-rich brines as they migrate due to gravitational setting," noted William Randall, (see Figure 1 below for additional details).

"Based on these preliminary findings, and the success of our new technical processes, Rodinia is in the process of staking additional land in Clayton Valley," added David Stein.

Diablillos Project, Salta, Argentina

Through a series of private transactions, Rodinia has expanded its current land package in the Salar de Diablillos to 5,756 hectares, such that the Company now owns the entire nucleus of the salar (see Figure 2 below for additional details). "These additional acquisitions provide a significant strategic advantage to Rodinia, as unlike many other lithium-brine operations, we now control a complete salar in Diablillos, as opposed to sharing the salar with other operators," stated David Stein. "We continue to evaluate opportunities in the area, including the potential to acquire additional land around the margin of the salar."

In addition to the increase in land package, Rodinia has commenced an initial auger drill exploration program at Diablillos. The program will use a two hundred by two hundred meter grid to ensure proper representation of the brine resource and will target brines from sand aquifers below the initial clay layer on the property. Holes are expected to vary in depth between two and four meters, with samples being sent to the ALS Laboratory Group in the USA for analysis. "We anticipate being able to report initial results within the next month," said William Randall.

Management has devised a procedure to ensure sample integrity by minimizing the contamination from external sources and has implemented a full QA/QC protocol that includes blanks and standards.

Figure 1 – Bedrock Depth at Clayton Valley (green and blue areas representing the deepest reservoirs) is available at the following link: http://media3.marketwire.com/docs/rm0223fig1.pdf.

Figure 2 – Rodinia's Claim Boundaries at Salar de Diablillos is available at the following link: http://media3.marketwire.com/docs/rm0223fig2.pdf.

William Randall, P.Geo, the Vice President Exploration of Rodinia, a qualified person, as defined in NI 43- 101 has reviewed and approved the scientific technical information in this release.

About Rodinia Minerals Inc.:

Rodinia Minerals 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 Diablillos project in Salta, Argentina.

Please visit the Company's web site at www.rodiniaminerals.com or write us at info@rodiniaminerals.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 Company's projects; 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.

For more information, please contact
Rodinia Minerals Inc.
David Stein
President & CEO
(416) 861-5812
or
Rodinia Minerals Inc.
Aaron Wolfe
Vice President, Corporate Development
(416) 309-2696
info@rodiniaminerals.com
www.rodiniaminerals.com

For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

18 feb 2010

Li3 Energy Executes Final Agreement to Acquire Next Lithium Assets in Big Smoky Valley, Nevada



LIMA, PERU--(Marketwire - February 17, 2010) - Li3 Energy, Inc. (OTCBB: LIEG), ("Li3 Energy" or the "Company") is pleased to announce it has executed a definitive purchase agreement to acquire the assets of Next Lithium Corp. ("Next Lithium").

The Company will acquire options on a 100% interest in up-to 170,000 acres of a strategically located lithium brine mineral property located in Big Smoky Valley near Tonopah, Nevada. The Property shares similar geology to Clayton Valley, which lies a few miles south and contains Rockwood Holdings' Silver Peak Mine, one of the world's leading producers of lithium hydroxide, and currently the only producing lithium mine in the United States of America.

During the 1970's and 80's and following the start of production at the Silver Peak Mine, the United States Geological Survey (USGS), carried out a series of regional reconnaissance programs, including sampling and drilling in Big Smoky Valley. As part of the USGS drill program, one hole was drilled on the Property and a second hole was drilled a short distance west of the Property. Both holes intersected geochemically anomalous concentrations of lithium in the brines, with grades up to 365 ppm. Gravity surveys over the region also confirmed the existence of various structures that may have created topography favorable for evaporite accumulation and subsequent traps, which potentially could host commercially viable mineral rich brines.

Mr. Luis Saenz, President and CEO of Li3 Energy, stated, "We are extremely excited about this project, which represents the largest lithium brine land position near to the Silver Peak Mine. We anticipate very shortly the commencement of our aggressive exploration program, which underscores Li3's commitment to discovering a major lithium resource within the United States, particularly in light of the recent significance the U.S. government has placed on the domestic production of lithium."

Li3's exploration program will include surface sampling, regional and detailed seismic surveys, diamond drilling and pumping tests. The cost of the program has been estimated to be $1.5 million and is expected to be completed by the fourth quarter of 2010.

Closing of the transaction is subject to customary conditions to closing, which is expected to occur shortly.

About Li3 Energy, Inc. (OTCBB: LIEG)
Li3 Energy, Inc. is an early stage, U.S. public company currently pursuing a business strategy in the lithium brine mining and energy sector in the Americas, with an initial focus on identifying and acquiring opportunities in Peru, Argentina, Chile and the United States. Li3 Energy aims to acquire a significant portfolio of lithium brine deposits in the Americas for the purpose of development and production in order to meet growing market demand and to support the clean energy and green energy initiatives being implemented globally. For more information, visit: www.li3energy.com.

Forward-Looking Statements
Certain statements in this news release are forward-looking statements. These statements are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "proposes," "hopes," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information and assumptions of management. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of Li3 Energy, including, but not limited to, Li3 Energy 's ability to identify appropriate corporate acquisition and/or joint venture opportunities in the lithium mining sector and to establish the technical and managerial infrastructure, and to raise the required capital, to take advantage of, and successfully participate in such opportunities; future economic condition; political stability; and lithium prices. Additional information on risks and other factors that may affect the business and financial results of Li3 Energy can be found in Li3 Energy's annual, quarterly and current reports and other documents filed with the U.S. Securities and Exchange Commission and available at www.sec.gov.

Luis Saenz, CEO
INVESTOR RELATIONS
Adam Chambers
Phone: 315-229-4408
Fax: 315 -506-6725
Email Contact
www.li3energy.com

For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

6 ene 2010

Li3 Energy, Inc. Engages Rojas & Asociados as Project Manager


LIMA, PERU--(Marketwire - January 6, 2010) - Li3 Energy, Inc. (OTCBB: LIEG), ("Li3 Energy" or the "Company") is pleased to announce that it has engaged Rojas & Asociados (Rojas) as project manager for its upcoming exploration programs in Chile, Argentina and Peru. Rojas is an innovative mining consulting firm, focused on the Latin American market. The firm -- based in Argentina and founded 11 years ago -- provides strategic advice on exploration management, generative exploration, negotiation, market intelligence, public relations, and provincial political / social situation, among others.

The Rojas team has managed numerous exploration programs from initial evaluation to preliminary feasibility, through a versatile outsourcing model, in close collaboration with clients from Canada, Australia and the US.

Additionally, Rojas co-organizes the premier Argentinean mining sector event known as "Argentina Mining" which has been produced biannually since 1996 and which enjoyed an attendance of over 2700 participants in 2008. This year's upcoming event will take place August 24 - 26, 2010 in San Juan City.

Luis Saenz, Chief Executive Officer of Li3 Energy, stated: "We are very pleased to be working with Rojas & Asociados. Their extensive lithium exploration experience will enable us to expedite our comprehensive multi-phased exploration program aimed at evaluating 15 strategically located lithium properties encompassing approximately 200,000 acres. The program will consist of sampling, geophysics and drilling culminating in preliminary economic assessments of priority targets by the end of Q-4 of this year."

About Li3 Energy, Inc.

Li3 Energy, Inc. is an early stage, U.S. public company currently pursuing a business strategy in the lithium brine mining and energy sector in the Americas, with an initial focus on identifying and acquiring opportunities in Peru, Argentina, Chile and the United States. Li3 Energy aims to acquire a significant portfolio of lithium brine deposits in the Americas for the purpose of development and production in order to meet growing market demand and to support the clean energy and green energy initiatives being implemented globally.

Forward-Looking Statements

Certain statements in this news release are forward-looking statements. These statements are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "proposes," "hopes," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information and assumptions of management. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of Li3 Energy, including, but not limited to, Li3 Energy 's ability to identify appropriate corporate acquisition and/or joint venture opportunities in the lithium mining sector and to establish the technical and managerial infrastructure, and to raise the required capital, to take advantage of, and successfully participate in such opportunities; future economic condition; political stability; and lithium prices. Additional information on risks and other factors that may affect the business and financial results of Li3 Energy can be found in Li3 Energy's annual, quarterly and current reports and other documents filed with the U.S. Securities and Exchange Commission and available at www.sec.gov.

Contact:
Li3 Energy, Inc.
Luis Saenz
CEO
Av. Pardo y Aliaga 699 Of. 802, San Isidro
Lima 27, Peru
+011-511-212-1880
Email Contact
www.li3energy.com

14 dic 2009

Marifil Files NI 43-101 Report on Lithium in Catamarca Province


SPOKANE, WASHINGTON--(Marketwire - Dec. 14, 2009) - MARIFIL MINES LTD. (TSX VENTURE:MFM) ("Marifil" or "the Company") announces that an independent geological consultant has completed a National Instrument 43-101 report on Marifil's lithium claims (cateos) in Catamarca Province, Argentina. This report has been filed on SEDAR and is available on the company website at: www.marifilmines.com.

The NI 43-101 report recommends a two phase program for a total cost of $1,500,000. Phase I, at a cost of $225,000, will be comprised of additional sampling and geophysical work. Phase II, at a cost of $1,275,000, will include 7,900 meters of drilling. This program will be sufficient to carry out an NI 43-101 compliant ore resource calculation on at least two or more of the claims.

The Company has completed some initial economic model studies showing that an area as small as 1,000 hectares could contain more than 250,000 tons of recoverable lithium from a brine column 25 meters thick, grading 200 parts per million lithium, assuming a porosity of 8%, a brine density of 1.3 grams per cubic centimeter, and an overall recovery factor of 50%. Equally important, our exploration model suggests that this resource might be partially renewable from ground water influx.

This press release has been reviewed and approved by John Hite, President of Marifil Mines Ltd. and by Richard Walters, Vice President under whose directions the exploration program is being carried out. Mr. Hite and Mr. Walters are Qualified Persons as defined by National Instrument 43-101.

For further information regarding Marifil Mines Ltd., please refer to the Company's filings available on SEDAR (Http://www.sedar.com) or at Marifil's Website (Http://www.marifilmines.com.)

General Disclaimer

Marifil Mines Ltd. "Marifil" has taken all reasonable care in producing and publishing information contained in this news release, and will endeavor to do so on a periodic basis. Material in this news release may still contain technical or other inaccuracies, omissions, or typographical errors, for which Marifil assumes no responsibility. Marifil does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information on this site. Under no circumstances, including, but not limited to, negligence, shall Marifil be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer or other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material from this news release. The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information on this site, except for personal use unless you have obtained our express written permission.

Forward-Looking Statements

This news release may contain forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.



The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.


For more information, please contact

Marifil Mines Ltd.
John Hite
President
(509) 467-5200
or
Marifil Mines Ltd.
Hugh Oswald
Investor Relations
(604) 684-4743 ext. 243
hugh@ascentacapital.com
www.marifilmines.com


For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

2 dic 2009

Marifil Finds Lithium in Catamarca Province


SPOKANE, WASHINGTON--(Marketwire - Dec. 1, 2009) - MARIFIL MINES LTD. (TSX VENTURE:MFM) ("Marifil" or "the Company") announces that it has found anomalous amounts of lithium on several of its lithium claims (cateos) in Catamarca Province, Argentina.

Initial prospecting was carried out by digging holes up to 2 meters deep and sampling saline crusts and/or brine (salty water) samples if brines were present. The map below shows the location and approximate values of lithium found in this initial exploration program.

Anomalous amounts of lithium, boron, and potash were found on the Company's Antofalla II and Cachari Pampa claims. The assays are summarized below.

A National Instrument 43-101 report is in preparation and the Company expects to have this report completed within ten days. Meanwhile the Company will be mobilizing one of its teams to this area to carry out more detailed sampling.

"While some of these samples contain anomalous amounts of lithium, boron, and potassium and are highly encouraging, more work is necessary to better understand the claims," stated John Hite, president of Marifil Mines. "We will be mobilizing a crew to carry out more closely spaced sampling as well as to sample some new claims the Company has staked in Jujuy Province."

To view map please click here.






























Note: all assays are reported in parts per million (ppm). One ppm is equivalent to one milligram per litter.

This press release has been reviewed and approved by John Hite, President of Marifil Mines Ltd. and by Richard Walters, Vice President under whose directions the exploration program is being carried out. Mr. Hite and Mr. Walters are Qualified Persons as defined by National Instrument 43-101.

For further information regarding Marifil Mines Ltd., please refer to the Company's filings available on SEDAR (Http://www.sedar.com) or at Marifil's Website (Http://www.marifilmines.com).

General Disclaimer
Marifil Mines Ltd. "Marifil" has taken all reasonable care in producing and publishing information contained in this news release, and will endeavor to do so on a periodic basis. Material in this news release may still contain technical or other inaccuracies, omissions, or typographical errors, for which Marifil assumes no responsibility. Marifil does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information on this site. Under no circumstances, including, but not limited to, negligence, shall Marifil be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer of other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material from this news release. The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information on this site, except for personal use unless you have obtained our express written permission.

Forward-Looking Statements

This news release may contain forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.



The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.


30 nov 2009

Li3 Energy, Inc. anuncia la firma de una Carta de Intención para adquirir Puna Lithium Corporation

LIMA, Perú, 30 de noviembre /PRNewswire/ -- Li3 Energy, Inc. (OTC Bulletin Board: LIEG; "Li3 Energy") se complace en anunciar que ha firmado una carta de intención para adquirir Puna Lithium Corporation ("Puna").

Puna tiene una opción para adquirir hasta un 80 por ciento (80%) de participación en 123.000 acres de una excelente área ubicada en una extensión de 9 salares chilenos, que incluye el Salar de Atacama, donde Sociedad de Chile SC tiene actualmente plantas en producción. El Salar de Atacama en este momento contiene las más altas concentraciones económicas de litio del mundo, así como algunos de los costos más bajos de procesamiento, debido a: su bajo contenido de magnesio, sus altas tasas de evaporación y su capacidad para operar a lo largo de todo el año.

Puna también tiene una opción para adquirir hasta el ochenta y cinco por ciento (85%) de participación en las 90.000 acres de propiedad del salar en la Argentina, en los salares Centenario, Rincón, Pocitos y Cauchari.

La operación está sujeta a una auditoría legal y financiera por parte de Li3, que espera que estará finalizada dentro de los próximos 90 días. Las partes han acordado hacer sus máximos esfuerzos para firmar un acuerdo formal dentro de los próximos 90 días. La carta de intención contiene, y el acuerdo formal contendrá, disposiciones de exclusividad y otras condiciones para el cierre.

Luis Sáenz, CEO de Li3 Energy, declaró: "Estamos muy contentos con la adición de estas dos importantes extensiones de tierra que complementan nuestra adquisición de Big Smoky Valley, Nevada, que se anunció la semana pasada. Esta transacción posiciona a Li3 como una importante propietaria de tierras en el Altiplano de la Puna que contiene las mayores concentraciones de salmuera de litio del mundo y aloja a más del 70% de las reservas y producción de litio del mundo.

"Con la combinación de Nevada, Argentina y Chile, Li3 ha asegurado aproximadamente 300.000 acres de salmuera de calidad premium en las principales 3 áreas de producción políticamente estables de salmuera de litio del mundo. Estas propiedades brindarán la plataforma para que Li3 -en el sector de la producción primaria- ejecute su plan de negocios de desarrollar con rapidez una compañía verticalmente integrada de producción, fabricación y venta de litio. Nuestro equipo técnico está preparado y ansioso por comenzar a trabajar en todas los salmueras para el desarrollo acelerado de estos activos ".

Acerca de Li3 Energy, Inc.

Li3 Energy, Inc. es una compañía de Estados Unidos que cotiza acciones en bolsa y que está en su etapa inicial, y que actualmente tiene su estrategia comercial puesta en el sector de minería de litio y energía en las Américas. Su objetivo inicial está en identificar y adquirir oportunidades en Perú, Argentina y Chile. Li3 Energy desea adquirir una importante cartera de depósitos de salmuera de litio en las Américas para desarrollo y producción, con el fin de cumplir con las demandas crecientes del mercado, y para apoyar a las iniciativas para una energía limpia y ecológica que se están implementando a nivel global.

Declaraciones a futuro Algunas de las afirmaciones de este comunicado de prensa son declaraciones a futuro. Dichas afirmaciones están sujetas a riesgos e incertidumbres. Palabras como "espera", "tiene la intención de", "tiene planeado", "propone", "espera", "podría", "debería", "anticipa", "probablemente", "cree" y palabras de significado similar también constituyen declaraciones a futuro. Las declaraciones a futuro se basan en los hechos y análisis actuales, y otras informaciones y suposiciones de los directivos. La adquisición propuesta de Puma Lithium está sujeta a una cantidad de condiciones que pueden no cumplirse, y no se puede asegurar que ello ocurrirá, ni puede haber certeza de que los proyectos Chile Salar, Centenario Brine, Rincón Brine, Pocitos y Cauchari Brines tendrán éxito. Los resultados reales pueden diferir sustancialmente de los actualmente anticipados debido a una cantidad de factores que van más allá del control razonable de la Compañía, incluso, pero sin limitarse a, la capacidad de la Compañía de identificar otras adquisiciones corporativas y/u oportunidades de empresas conjuntas en el sector de minería de litio y de establecer la infraestructura técnica y gerencial, y de recaudar el capital requerido, de aprovechar, y de manera exitosa en dichas oportunidades, situación económica futura, estabilidad política, y precios del litio. En las presentaciones de la Compañía ante la Securities and Exchange Commission de EE. UU. en www.sec.gov, se puede encontrar información adicional sobre los riesgos y otros factores que pueden afectar el negocio y los resultados financieros de la Compañía.

FUENTE Li3 Energy, Inc.

-0- 30/11/2009 Any views or opinions are solely those of the author and do not necessarily represent those of PR Newswire.