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Initial Drill Results On Sonora Lithium Project
Initial Drill Results On Sonora Lithium Project.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 6665H Rare Earth Minerals PLC 24 June 2013 \n \n\n24 June 2013\nRare Earth minerals plc\n(\"Rare Earth Minerals\", \"REM\" or \"the Company\")\nINITIAL DRILL RESULTS ON THE SONORA LITHIUM PROJECT \nBCN / REM LITHIUM JOINT VENTURE LANDS\n \nMexico Drill Hole ES-01 Results\nHighlights:\n· REM intersects significant lithium values in both Upper Clay and Lower Clay Units in drill hole ES-01 at its Fleur - El Sauz Lithium Project in northern Mexico. \n· Upper Clay Unit averages 2,113 ppm Li (1.13% Lithium Carbonate Equivalent ('LCE')*) over 4.58 metres from 124.66 metres; in addition, another interval of 8.23 metres averages 4,017 ppm Li (2.14% LCE) from 135.33 metres down the hole. \n· Lower Clay Unit averages 4,422 ppm Li (2.36% LCE) over 23.83 metres from 156.0 metres down the hole.\n \nDavid Lenigas, The Company's Chairman commented: \n \n\"REM is extremely pleased with the results for ES-01. These results are very similar to results from drill holes in the adjoining La Ventana lithium deposit of Bacanora Minerals, providing further confirmation of the continuity and persistence of the lithium-bearing clay units onto the joint venture lands and highlighting the potential for a significant lithium resource to be developed on the joint venture lands.\"\n \nUpdate:\nHole ES-01 intersected sediments collectively grouped into the Upper Clay Unit from 99.4 metres to 143.4 metres down the hole (Table 1, below). Lithium values in individual samples taken across lengths from 0.91 to 1.52 metres range from 143 to 6,200 ppm Li. Within this interval there are two clay-rich zones: one averaging 2,113 ppm Li (1.13 % LCE*) occurs from 124.66 to 129.24 metres down the hole for an length of 4.58 metres and the other clay-rich zone occurs from 135.33 to 143.56 metres and averaged 4,017 ppm Li (2.14 % LCE) over that 8.23 metre interval. \nThe Lower Clay Unit was intersected from 156.10 to 193.50 metres down the hole. Lithium values in individual samples taken across lengths from 1.52 to 2.44 metres range from 2,030 to over 10,000 ppm Li. The interval from 156.0 to 179.83 averaged 4,422 ppm Li (2.36 % LCE) over the 23.83 metre length.\nClay units also exhibited elevated values in other alkali metals, includi...