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Last Updated : 09 December 2009 at 15:00 IST
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Rodinia Minerals get clearance for Clayton Valley drill

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TORONTO (Commodity Online): Rodinia Minerals Inc. (TSX VENTURE:RM) has acquired all the necessary environmental clearance for drilling on its flagship Clayton Valley, Nevada lithium property to Layne Christensen, of Chandler, Arizona.

Rodinia has already awarded the contract and the mobilization of drills to the property has been initiated and drilling is expected to commence as soon as possible, the company said in a press release.

The drill program will focus on target areas surrounding Rockwood Holdings' Silver peak wells within the 50,440 acres of Rodinia's 534 claims in Nevada's lithium-rich Clayton Valley.

Vertical dual-tube reverse circulation drill holes of 6 inch diameter drill rods are planned to test the extensive lithium-bearing aquifers, as outlined by compiling gravity, seismic and borehole data from previously completed work in the area.

Geologically, the aquifers in the Clayton Valley have many characteristics that place it among the best and most economical lithium bearing basins in the world. Results from this drilling will be used to establish a NI 43-101 compliant resource estimate.

According to David Stein, President and CEO, the project has progressed very well. Work has focused at this stage on a systematic analysis of the available geological databases to prioritize the targets for initial drilling and to identify additional priority targets within the project area, he added

“Final planning for the initial targets is complete, field offices are established and we are excited for the drills to start turning. We anticipate results within approximately six weeks of collaring the first drill hole," said Stein.
NCDEX SILVERSEP2012 03 September 2012 contract was trading at Rs 0 . What's your view on it?
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