Rodinia Lithium Inc. Contracts Amec To Provide Independent Resource Estimate For Diablillos Project
November 17, 2010
Toronto, Ontario: Rodinia Lithium Inc. (“Rodinia” or the “Company”) (TSX-V: RM; OTCQX: RDNAF), is pleased to announce that it has engaged AMEC Internacional Ingeniería y Construcción Limitada (“AMEC”) to prepare an initial mineral resource estimate and National Instrument 43-101 compliant independent technical report with respect to the Salar de Diablillos lithium-brine project located in Salta, Argentina (“Diablillos” or the “Project”). AMEC is an international engineering consulting firm with world wide experience that includes estimating mineral resources at certain Chilean salars and experience in several lithium projects, including previous work on Diablillos itself. AMEC’s staff of highly qualified engineers and geologists are available to begin working on the project immediately.
Will Randall, President and CEO of Rodinia, commented “we are very pleased to have a firm with AMEC’s reputation and depth of qualified professionals preparing the resource estimate for Diablillos. This will be the Company’s first lithium resource estimate and one of the few NI 43-101 compliant lithium resource estimates completed to date. Having the opportunity to work with a group of AMEC’s stature is a vote of confidence for the work we have completed to date. The entire Rodinia team is eager to deliver this significant milestone in the Company’s development.”
AMEC’s team of consultants will be lead by Mr. Douglas Chapman (Principal Mining Engineer), Dr. Armando Simon (Principal Geologist), Dr. Rustin Cabrera (Principal Geologist), and Marc Etienne (Senior Hydrogeologist). Collectively this team of experts has over 120 years of experience that includes mining and processing in the Salar de Atacama, lithium exploration campaigns in Chile, and management of lithium projects in Bolivia, Argentina, Peru and Chile, among others.
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 firstname.lastname@example.org. Follow us on Twitter: http://twitter.com/RodiniaLithium
For further information please contact
Investor Cubed Inc.
Tel: +1 (647) 258-3311
Vice-President, Corporate Development
Tel: +1 (416) 309-2696
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 proposed technical report, anticipated results and timing with respect to a resource estimate, , the drill program at Diablillos, 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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