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Northern Iron Corp. Signs Agreement to Acquire Lithium Projects in Nevada and Arizona
(via Thenewswire.ca) Vancouver, British Columbia, Canada / TheNewswire / July 28, 2016 - ...
About this update from Ares Strategic Mining Inc
[{"type":"text","content":"Northern Iron Corp. Signs Agreement to Acquire Lithium Projects in Nevada and Arizona(via Thenewswire.ca)\n\n \nVancouver, British Columbia, Canada / TheNewswire / July 28, 2016 - Northern Iron Corp. (\"Northern Iron\" or the \"Company\") (TSX-V: NFE) (FRANKFURT: N8I) today announced the signing of an agreement to acquire three highly prospective lithium projects; two in Arizona and one in Nevada. \n\n\n \nDetails of the agreement and properties follow below.\n\n\n \nBasil Botha, president, said: \"Lithium demand is pressuring lithium prices and the forecasted demand is set to continue to expand the market and the Company intends to play a meaningful role in meeting the needs of the lithium market. Our three highly prospective properties are in Tesla's backyard with excellent infrastructure and unlike many of the lithium projects scattered throughout the world, the projects in Nevada and Arizona can be worked year round\". \n\n\n \nNEVADA\n\n\n \nNorthern Iron Corp. has entered into an agreement to acquire 140 mineral claims comprising 2,800 acres in Clark County, Nevada. The contiguous 'Jackpot Lake' claim group is located 39 miles NE of Las Vegas. \n\n\n \nHighlights/Geology - Jackpot Lake\n\n\n \nThe USGS conducted a survey in 1976 taking 129 core samples, all of which encountered lithium with values up to 550 ppm and an average of 175 ppm. \n\n\n \nBasil Botha noted \"The geological and structural setting as well as the weathering history and brine at Jackpot Lake is highly analogous to the Clayton Valley, where Albemarle has its Silver Peak lithium-brine operation.\n\n\n \nAlbermarle has been in continuous production of lithium carbonate and lithium hydroxide products from Clayton Valley brines since 1967.\n\n \n \nThe property is ideally situated to take advantage of amongst other things the solar energy zone in Nevada, and right off of the highway with associated logistical and infrastructural advantages.\"\n\n \n \nARIZONA\n\n \n \nThe company has also entered into an agreement to acquire two land packages in Arizona, consisting of 1,434 acres in the Wilcox Playa Basin; a large dry lakebed in southeastern Arizona, and 289 acres in the the Little Rock Target in Yavapai County, Arizona.\n\n\n \nHighlights/Geology - Willcox Playa\n\n\n \nThe Willcox Playa lithium brine target, as per the USGS 1976 report, consists of one of...