Rodinia Lithium Inc. Announces Increased Resource Potential At Salar de Diablillos Based On Independent Gravity Survey
September 29, 2010
- GRAVITY SURVEY ALLOWS ESTIMATION OF BASEMENT DEPTH AND POTENTIAL AQUIFERS CONTAINED WITHIN THE BASIN
- RESULTS SHOW BASEMENT DEPTHS EXCEEDING 390 METRES FROM THE SALAR SURFACE
- RESULTS EXTEND THE POTENTIAL MINERALIZED HORIZONS FURTHER NORTH BY AN ADDITIONAL 2.0 KILOMETRES
- GRAVITY SURVEY WILL BE AN INVALUABLE TOOL DURING THE UPCOMING RESOURCE ESTIMATION PROCESS
Toronto, Ontario, September 29, 2010: Rodinia Lithium Inc. (“Rodinia” or the “Company”) (TSX-V: RM; OTCQX: RDNAF), is pleased to report that it has received the results from a gravity survey covering its Salar de Diablillos lithium-brine project in Salta, Argentina (“Diablillos” or the “Salar”). The gravity survey was completed by Quantec Geoscience Argentina S.A., a subsidiary of Quantec Geoscience Ltd. of Toronto, Canada. The gravity survey allows for the estimation of basement depth and potential aquifers contained within the basin, and will be an invaluable tool during the resource estimation process.
William Randall, President and CEO of Rodinia, commented “The results from the gravity survey are extremely encouraging, as they define a basin capable of hosting potentially significant resources of lithium, potash, and boron. We are pleasantly surprised to find that the basin extends further north than anticipated, beyond the visible Salar surface, and to note that the deepest parts of the basin remain untested. Given the positive drill results announced September 17, we feel confident in the economic potential of this deposit given the depth and extent of the inferred aquifers” (see Press Release dated September 17, 2010 for additional details on drill hole D-RC-01).
The gravity survey results show basement depths that exceed 390 metres from the Salar surface and suggest an extension of the potentially mineralized horizons further north beyond the Salar surface by an additional 2.0 kilometres.
The results estimate the deepest portion of the basin, with depths approaching 400 metres, to be in the northern and north-eastern region of the Salar. This region coincides, in part, with the high-grade zones defined on surface (see Press Release dated September 24, 2010 and Press Release dated May 26, 2010) and indicates that reverse circulation drill hole D-RC-01 was drilled very close to basement depth. The deepest areas of the Salar have not yet been tested by the current drill program.
Results received from the gravity survey are being processed to produce an estimate of the basin volume and to aid in the current drilling program. The Company plans to release additional results as they become available.
All exploration and drilling initiatives undertaken by Rodinia are supervised by William Randall, MSc (Geology), the President and CEO of Rodinia, and by Ray Spanjers, Rodinia’s Manager of Exploration. Both Messrs. Randall and Spanjers are considered qualified persons, as defined by National Instrument 43-101, and Mr. Randall has reviewed and approved the scientific and technical information in this release.
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 email@example.com. Follow us on Twitter: http://twitter.com/RodiniaLithium
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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; 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.
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