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RM RouteMaster Capital Inc

0.83
0.00 (0.00%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
RouteMaster Capital Inc TSXV:RM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.83 0.82 0.84 0 01:00:00

Rodinia Lithium Announces Up to 1,800 mg/L Lithium from Aquifer I Pit Sample Results

13/07/2011 12:30pm

Marketwired Canada


Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM)(OTCQX:RDNAF)
is pleased to announce results from an additional surface sampling program at
its Salar de Diablillos project ("Diablillos" or "Salar") located in Salta
Province, Argentina. Results from three large surface pits, a result of current
surface mining of ulexite within the top three meters of the Salar, returned
high grade values of lithium ("Li"), potassium ("K") and boron ("B"). In
particular, samples P8 and P9 returned the highest lithium values sampled on the
Salar, with values up to 1800 mg/L Li, 13000 mg/L K, and 990 mg/L B.


William Randall, President & CEO of Rodinia, commented, "The results from these
samples are a very pleasant surprise as they are considerably higher grade than
our previous surface sampling program, performed with an auger drill. What makes
these samples even more encouraging is the fact that they were collected
following a period of intense rainfall, possibly the largest in recorded
history, meaning that these samples have probably not been further concentrated
from their original geochemistry. This is a major development in the definition
of Aquifer I. We will now look at the possibility of developing this aquifer
through a series of pits or trenches, in a similar way to the brine potash mines
of the Utah Salt Flats. Management remains optimistic that this may potentially
provide the Company with high grade, low cost initial production with respect to
the Salar."




   Table 1 - Results from pit samples P7, P8 & P9 - All samples taken in 
    the same area of the Salar.                                          
                                                                         
   ----------------------------------------------------------------------
   Sample       Li (mg/L)    K (mg/L)    B (mg/L)       Mg:Li      SO4:Li
   ----------------------------------------------------------------------
   P7                 590        6100         650        4.41       16.44
   P8                1800       13000         840        3.39        6.67
   P9                1400       13000         970        3.36        8.57
   ----------------------------------------------------------------------



The pit samples maintain the favourable geochemistry of the Salar's brine, which
is characterized by low magnesium to lithium ratios and distinctively low
sulphate to lithium ratios. Lower sulphate levels can reduce the need for
expensive reagents, such a calcium chloride ("CaCl2"), during the conventional
evaporation processing techniques expected to be employed at the Salar.


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 is 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 and development company
with a primary focus on Lithium exploration and development in North and South
America. The Company is also actively exploring the commercialization of a
significant Potash co-product that is expected to be recoverable through the
lithium harvesting process.


Rodinia's Salar de Diablillos lithium-brine project in Salta, Argentina,
contains a recoverable resource of 2.82 million tonnes lithium carbonate
equivalent and 11.27 million tonnes potassium chloride equivalent. The project
contains a recoverable inferred resource of 952,553,000 m(3) grading 556 mg/L
lithium and 6,206 mg/L potassium. Throughout 2011, Rodinia will focus on
continuing to develop the Diablillos project by completing additional drilling
and advancing through scoping study. More information on the Company's
recoverable resource estimate can be found on its SEDAR filing page at
www.sedar.com.


The Company also holds 100% mineral rights to approximately 70,000 acres in
Nevada's lithium-rich Clayton Valley in Esmeralda County, and is currently in
the process of assessing the size, quality and processing alternatives of this
deposit. The Clayton Valley project is located in the only known lithium-brine
bearing salt lake in North America, and looks to represent the only new source
for domestic lithium carbonate supply.


The Projects are supervised by Ray Spanjers, Rodinia's Manager of Exploration.
Mr. Spanjers is considered a Qualified Person, as defined by National Instrument
43-101.


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 and surface sampling program at the Diablillos
property and results of such programs; 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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