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Alba Letter Of Intent To Purchase Rio Grande I Lithium Property In Argentina
(via TheNewswire) Vancouver, B.C / TheNewswire / August 9, 2017 - Alba Minerals Ltd. (...
About this update from Avventura Resources Ltd.
[{"type":"text","content":"Alba Letter Of Intent To Purchase Rio Grande I Lithium Property In Argentina(via TheNewswire)\n\n \nVancouver, B.C / TheNewswire / August 9, 2017 - Alba Minerals Ltd. (\"Alba\") (TSX-V: AA.V: AXVEF:US Frankfurt: A117RU) We are please to report that it has signed a Letter of Intent (LOI) to purchase RIO GRANDE I Lithium Property (\"The Property\") in Salta, Argentina. The Property consist of 1491 hectares adjacent to LSC's Rio Grande Project, a company which entailes a strategic relationship with nearterm Lithium producer Enirgi Group.\n\n\n \nThe Rio Grande Salar is located in the northwestern part of the geographic region known as the \"Puna\" within the Province of Salta, close to the Chilean Border. Rio Grande is known for its accessibility and infrastructure due to its proximity to the historical La Casualidad Sulfur Mine District. The propitious regional and local, associated with an intense volcanic activity is responsible for the distinctive brine chemistry. Based on a a shallow sampling program executed by ADY in 2011 and own data, LSC Lithium Inc. reported elevated lithium-concentrations of up to 420 mg/L (Technical Report NI 43/101, December 2016) at surface. In addition, Rio Grande Salar has been identified as a mayor natural source of sodium sulphate in South America.\n\n\n \nTo the East, approximately 30% of the Rio Grande I Property covers Salar and alluvial fan which are the focus of Alba's lithium brine exploration prospects. The remaining 70% pertain to the former Mina Julia, a prolific extraction zone of Mina La Casualidad. The property is situated at a distance of approximately 5 hours (250km) from Enirgi Group's Salar del Rincon Lithium Carbonate Processing Plant (\"DXP Plant\") and can be accessed from Salta via Pocitos on national and provincial roads and railways that connect pacific and atlantic ports. The nearest station is Caipe about 75km from the property close to the Arizaro Salar. \n\n\n \nAlba is very pleased to take advantage of this opportunity and add another strategic property to our portfolio of highly prospective lithium brine and clay projects in Nevada and Argentina given present and future demand of Lithium, as well as other key elements needed in the Clean Energy Industry. \n\n\n \nAbout Alba Minerals Ltd.\n\n\n \nAlba Minerals Ltd. Is a Vancouver based junior resource company with projec...