TRUCKEE, Calif., June 17, 2016 (GLOBE NEWSWIRE) -- Oroplata Resources, Inc., (OTCBB:ORRP) (“Oroplata or the “Company”) is pleased to announce the results from the examination of a large geochemical dataset that has confirmed the presence of highly anomalous Lithium values at the 100% owned Western Nevada Basin project (“WNB”).
Oroplata’s team examined a large database of 2,809 dry surface sediment samples taken over a course of five years by the USGS, through the Western Nevada Basin project area, as well throughout a large (115 mile x 100 mile) block of central Nevada, of which a total of 1,640 samples had Lithium analysis conducted. The associated elements of Boron and Potassium were also evaluated and reviewed to enhance the search criterion.
Lithium is highly soluble in water and accumulates in residual brines in the shallow subsurface of depositional basins. Currently Lithium Brine production in the U.S. only occurs at Clayton Valley, Nevada, where the economic grade is 200 milligrams per liter (mg/l) or 200 parts per million (ppm).
Highlights from the large data-set include:
The average concentration in all the sediment samples surveyed through the large area were 36 ppm for Lithium, 31 ppm for Boron, and 17,793 ppm for Potassium
Only 3% of the samples proved to have anomalous to exceptional Lithium and Boron values. These high values were concentrated almost entirely over a 40-by-16 mile section that contains the WNB project. Many of the Lithium values in this region returned 80 ppm to over 200 ppm Lithium.
The maximum values for Lithium and Boron in the dry surface sediments was 247 ppm and 634 ppm respectively, which were located directly at the WNB project area.
"The geologic, the geophysical and the highly anomalous geochemical characteristics of the Western Nevada Basin project all point to a new distinct area for Lithium brine production,” comments CEO, Craig Alford, PGeo. “This is a massive anomaly, and we are all extremely excited by the direct confirmation of essentially economic values of Lithium reported at surface.”
Safe Harbor Statements
Certain information contained in this news release constitutes “forward-looking statements” as such term is used in applicable United States and Canadian laws. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates”, “intends” or “believes”, or that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”, or “be achieved”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Many of these factors are beyond the Company’s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the SEC. Such risks and other factors include, among others, the availability of financing on acceptable terms, accidents, labor disputes, acts of God and risks of the mining industry including, without limitation, delays in obtaining governmental approvals or permits, title disputes or claims limitations on insurance coverage. The Company believes that the expectations reflected in the forward-looking statements included in this news release are reasonable; however, no assurance can be given that these expectations will prove to be correct, and such forward-looking statements should not be unduly relied upon. At this time no economic deposit has been delineated. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.
Source:Oroplata Resources, Inc.