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RM RouteMaster Capital Inc

0.83
0.00 (0.00%)
22 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 Successfully Harvests Sylvinite on Site at Diablillos

14/05/2012 9:05pm

Marketwired Canada


Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM)(OTCQX:RDNAF)
is pleased to report that sylvinite has been successfully produced and harvested
at the Company's 100% owned Diablillos lithium-potash brine project ("Project"
or "Salar" or "Diablillos") in Salta, Argentina. Sylvinite, a potash and sodium
chloride, has been harvested during operation of the pilot engineering program
being conducted on site. The results of the brine geochemical development during
this pilot cycle was within the Company's expectations and offers significant
confirmation of the initial portion of the metallurgical process described in
the Company's Preliminary Economic Assessment conducted on Diablillos dated
December 22, 2011 and filed on the SEDAR profile of the Company at www.sedar.com
(the "PEA").


William Randall, Rodinia's President& CEO, commented, "Having harvested
sylvinite during the regular operation of our pilot engineering program is a
major milestone for the Company. We remain confident that these results confirm
our ability to produce potash from Diablillos using conventional methods
employed by other major brine producers in South and North America. This asset
continues to meet our targeted milestones as we advance towards feasibility and
production." 


This initial result from the pilot engineering program is from the first series
of solar evaporation tests at ambient conditions of the Salar. The evaporation
was started May 2011 and concluded in April 2012. The first series is one of
five evaporation tests in progress. Each test in pools and pans were started at
different times of the year to see the effect of weather on the evaporation
cycle chemistry. The resultant brine from these evaporation tests will
subsequently be processed for recovery of boron and lithium products.


The process engineering department continues to monitor the evolution of both
the pools and pans installed on site at approximately 4050 metres above sea
level. As announced previously, a first stage of magnesium and sulphate removal
has been completed, followed by successful removal of sylvinite in the ensuing
step, confirming that potash is going to be a valuable by-product of an eventual
lithium carbonate production facility.


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 m3 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.


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 and has read and approved the scientific and technical information
contained in this release.


Readers are cautioned that the PEA is preliminary in nature and is partly based
on inferred mineral resources that are considered too speculative geologically
to have the economic considerations applied to them that would enable them to be
categorized as mineral reserves. There is no certainty that the PEA based on
these mineral resources will be realized. The results depend on inputs that are
subject to a number of known and unknown risks, uncertainties and other factors
that may cause actual results to differ materially from those presented here. 


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 anticipated timing with respect to the development of the property; the
results of the pilot engineering 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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