For thousands of other reports visit RSC's Mineral Intellingence Map
Alba Minerals Ltd.
Summary
| Project: | Clayton Valley | |
|---|---|---|
| Deposit: | Clayton Valley | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 2/8/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-2-2017: Alba Minerals Ltd. announces a Supporting Acquisition report for its Clayton Valley deposit at the Clayton Valley project. JV - Summary of property in support of acquisition. This Technical Report is prepared for Alba Minerals Ltd (Alba), a publ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bradley Peek (Peek Consulting Inc.) | |
| ABSTRACT: | This Technical Report is prepared for Alba Minerals Ltd (Alba), a publicly traded Canadian corporation with corporate offices in Vancouver, BC, Canada. Alba is listed on the TSX Venture Exchange (TSX-V:AA.H) and has entered into an option agreement with Noram Ventures, Inc. (Noram) and its wholly-owned subsidiary, Green Energy Resources (Green Energy) to purchase a 25% interest, and an option to acquire a further 25% interest, in the properties (also herein called the “claims”) described in this report. Alba wishes, on the basis of the transaction described in the option agreement, to be moved from TSX Nexus status to the TSX-Venture Exchange, which makes this transaction a “Reviewable Transaction” according to the rules of the TSXV. Accordingly, the property needs to be the subject of a current NI 43-101 report. It is for this reason that Alba has requested the production of this report. Noram acquired a land position in the Clayton Valley of Nevada consisting of 888 placer claims. The land package covers 17,738 acres (7,178 hectares). The perimeter of Noram’s claims are located within 1 mile (1.6 kilometers) of Albemarle Corporation’s (Albemarle’s) lithium brine operations. Lithium is produced at Albemarle’s plant from deep wells that pump brines from the basin beneath the Clayton Valley playa. The plant is the only lithium producer in the United States and has been producing lithium at this location continuously since 1967. Noram has begun to quantify the lithium resource through a shallow core drilling program (±55 core holes in depth) and at the same time continue to explore extraction methods to recover lithium from the sediments. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report