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Nickel Rock to Drill for Lithium Clays at Clayton Valley, Nevada by Mid-March
Nickel Rock to Drill for Lithium Clays at Clayton Valley, Nevada by Mid-March C...
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[{"type":"text","content":"\n \n \n \n Nickel Rock to Drill for Lithium Clays at Clayton Valley, Nevada by Mid-March\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n March 1, 2021\n \n /CNW/ --\n \n Nickel Rock Resources Inc.\n \n (\"the Company\")\n \n (TSXV: NICL) (OTCQB: NIKLF)\n \n is pleased to announce that a drill contract, contemplating approximately 3,000 feet of reverse circulation (RC) drilling, has been signed with\n \n Alford Drilling\n \n , LLC. of\n \n Spring Creek, Nevada\n \n . The project calls for a drilling program that will result in up to six exploration holes at the Company's recently expanded claim block at Silver Peak,\n \n Clayton Valley\n \n ,\n \n Esmeralda County\n \n , Nevada.\n \n \n The Nickel Rock land package directly adjoins a western portion of neighbouring lithium producer Albemarle's lithium evaporation ponds and covers approximately 2,300 acres (930 Ha) of potential lithium bearing clay and brine deposits within lake sediments and ash beds reported in rough drillers logs of historic water quality monitoring wells on file with the Nevada State Engineers office (permit #66034A). Albemarle recently announced on\n \n \n January 7, 2021\n \n \n that it will commence exploration for clay and evaluate technology that could accelerate the viability of lithium production from clay resources in the region. It has been widely\n \n reported\n \n that Albemarle is planning to double its lithium production by 2025 in\n \n Nevada\n \n at the Silver Peak mine by committing between\n \n US$30 million\n \n and\n \n US$50 million\n \n in additional investment on the property.\n \n \n The Nickel Rock land package is also nearby the 5,430 acres of lithium clay properties owned by Cypress Development Corp. referred to as the \"Cypress Clayton Valley Lithium Clay Project\" which is immediately east of the Albemarle Silver Peak Mine. Exploration and development by Cypress has discovered\n \n a large world-class resource of lithium-bearing claystone\n \n adjacent to the brine field to the east and so...