Actionable news
All posts from Actionable news

Nevada Energy Metals Expands BFF-1 Clayton Valley Lithium Project

VANCOUVER, British Columbia, April 20, 2016 /PRNewswire via COMTEX/ -- VANCOUVER, British Columbia, April 20, 2016 /PRNewswire/ --

Nevada Energy Metals Inc. "the Company" TSX-V:BFF SSMLF, -3.16% (Frankfurt: A2AFBV) is pleased to announce that the Company has expanded its Clayton Valley holdings by acquiring an additional 27 claims to its lithium brine exploration project at Silver Peak, Esmeralda County, Nevada. The BFF-1 project now comprises 87 claims with an area encompassing 1,740 acres /704 hectares and directly abutting the region of brine production of Rockwood Lithium, a subsidiary of Albermare Resources ALB, +0.91% in the northern portion of Clayton Valley.

The claims cover an area of playa, including the Goat Island graben (inferred from gravity inversion; Quantec, 2008; Petrick, 2008), that encompasses a portion of a deep-circulation geothermal system beneath basin-fill sediments locally blanketed with travertine in north-western Clayton Valley. The Goat Island graben segments Clayton Valley into a northerly-trending, 1-2 km-wide sub-basin with a distinct escarpment on each side. Geological modeling and assessment of historical drilling results by J.B. Hulen...