SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (1627)2/24/2014 1:09:57 PM
From: Goose94Read Replies (1) | Respond to of 202922
 
NX-V partners with SYH-V

Feb 20, 2014 - News Release

Lucky Strike Resources Ltd. has completed gravity surveys that have identified 23 gravity-low anomalies on the western Athabasca syndicate's flagship Preston property. The program also included a RadonEx survey (ground and water) to further define targets in advance of a drill program slated to commence in March. The 246,643-hectare Preston Lake property is the largest individual property proximal to Fission Uranium Corp.'s Patterson Lake South high-grade uranium discovery and the recent discovery made by NexGen Energy on the Rook 1 project (see NexGen's news release dated Feb. 19, 2014). The syndicate is the largest land tenure holder in the southwest Athabasca basin region, including properties strategically situated to the southwest and to the northeast of the PLS and NexGen discoveries.

Ron Rieder, president and chief executive officer of Lucky Strike Resources, reiterated Jordan Trimble's comments: "The new discovery made by NexGen at their Rook 1 project further exemplifies the district-scale potential the Patterson Lake region offers. All the syndicate partners are well positioned to take advantage of this going forward as we have carried out one of the largest regional exploration programs in the area over the last eight months in preparation for an initial drill program slated to commence in March."

Interpretation of the gravity data by Phil Robertshaw, PGeo, has successfully delineated gravity-low anomalies associated with previously identified high-potential exploration corridors defined by structure, magnetic lows, conductors, favourable geology and geochemistry. Gravity is a defining tool for exploration for uranium in the Athabasca basin and was a key mechanism for vectoring in on the recent discovery made by NexGen at the Rook 1 project. Hydrothermal fluids associated with high-grade uranium deposits will cause extensive alteration of the host rock, resulting in displacement and removal of minerals/elements, creating porosity and subsequent density contrast. This density contrast will be expressed as a gravity-low anomaly and is a prime drill target when qualified by other coincident indicators of uranium mineralization, such as geochemistry and radon.

In addition, several of the syndicate's gravity-low targets have been further refined using a proprietary RadonEx survey, which has been instrumental in assisting with discoveries in the Athabasca basin region. The syndicate is carrying out a ground electromagnetic survey to further refine conductor trends and pinpoint drill pad locations. Details concerning the coming drill program shall be provided in the near future.

About the Preston Lake property

The 246,643-hectare Preston Lake property is the largest land package proximal to the Patterson Lake South high-grade uranium discovery, owned by Fission Uranium. The syndicate continues to employ a systematic, proven exploration methodology that has led to numerous uranium discoveries in the region and throughout the Athabasca basin. This has been very effective in identifying numerous high-quality targets with similar geological features and exploratory indicators also present at the nearby PLS discovery and in other deposits in the Athabasca basin. Management cautions that mineralization present on proximal properties is not necessarily indicative of mineralization on the syndicate's property.

About the western Athabasca syndicate

The western Athabasca syndicate is a strategic partnership formed between Lucky Strike, Skyharbour, Athabasca Nuclear and Noka to explore and develop a 287,130-hectare suite of uranium properties that is the largest land position along the highly prospective margin of the western Athabasca basin controlled by a single group. Under the terms of the agreement, each of the four companies has an option to earn 25 per cent of the five uranium properties comprising the western Athabasca syndicate partnership by making a series of cash payments, share payments and incurring a pro rata amount of the total $6-million in exploration expenditures over the two-year earn-in term of the agreement. The properties were acquired for their proximity to the PLS discovery and interpreted favourable geology for the occurrence of PLS-style uranium mineralization. The bulk of the syndicate land package is bisected by all-weather Highway 955, which runs north through the PLS discovery onto the former Cluff Lake uranium mine.

Qualified person

Athabasca Nuclear director Charles Downie, PGeo, is the qualified person as defined by National Instrument 43-101 and has approved the technical information in this release.



To: Goose94 who wrote (1627)11/20/2015 10:31:59 AM
From: Goose94Read Replies (1) | Respond to of 202922
 
Noka Resources (NX-V) Nov 20, '15 is pleased to announce that it has entered into an agreement with arms-length vendors to acquire a 100% interest in the Columbus Lithium Project (the "Project"), comprised of 1920 acres of Federal placer claims, located in the Big Smokey Valley, Esmeralda County, Nevada. The Project is 30 minutes by road from the Clayton Valley, where the Albemarle's Silver Peak Lithium Mine is located and where Pure Energy has recently identified a NI43-101 inferred resource of 816,000 metric tonnes of lithium carbonate equivalent (LCE) at a cut-off of 20mg/L. (Technical Report (2015) Spanjers, MS. PG.)

The Project is located within the Columbus Salt Marsh, near Coaldale and west of ground controlled by Ultra Lithium. The principal target at the Project is a large circular gravity low anomaly which is interpreted as an in-filled basin which may contain lithium-rich brine. The Big Smokey Valley was preliminarily drilled in 1979 by the United States Geological Survey and anomalous lithium values were encountered in the basin sediments. It is the Company's belief that the quality and concentrations of lithium brines discovered in the Clayton Valley are present in the Big Smokey Valley.

Tesla Motors, which in September of 2015 signed an off-take agreement with Pure Energy, is driving the current lithium boom in Nevada. Tesla is constructing a lithium-ion battery factory, called Gigafactory, just outside of Sparks, Nevada, which is scheduled to be operational in 2016/17.

Under the terms of the agreement, the Company can earn a 100% interest in the Project by issuing 1,900,000 common shares to each of the vendors, for a total of 3,200,000 common shares. The Company must also make cash payments totaling $450,000 over the next three years, with the initial payment being due in December 2016, and incur no less than $1,000,000 in exploration expenditures within 36 months of the agreement. A one percent (1%) gross overriding royalty has also been granted to the vendors, of which one-half of one percent (0.5%) can be purchased by the Company for $1,000,000. This transaction is subject to TSX Venture Exchange approval.

2.About Lithium in Nevada

Lithium is a scarce and technologically important element produced primarily from brines and pegmatites. It is used in conjunction with renewable energy technologies and hybrid automobiles, primarily in the form of Li-ion batteries, currently the most used form of batteries in many electronics. The consumption of lithium carbonate is on the rise and is considered essential to the continued growth of electric and hybrid-electric transportation systems.

Located in the Basin and Range geological province in Southern Nevada, the Big Smokey Valley, which is approximately 3km wide and 14km wide, is an internally drained, fault bounded and closed basin. Geological modeling suggests that lithium-rich brines were transported and deposited in the both the Clayton and Big Smokey valleys during the Pleistocene era. The primary exploration model is to identify and map basins with ground gravity surveys and evaluate the chemistry of salts and sediments therein with DWRC or rotary-mud drilling. In the later stages of exploration, downhole geophysics and seismic reflection surveys are also utilized to define lithium-bearing aquifers.

Peter Born, P. Geo, has approved the information contained in this release. Mr. Born is a Qualified Person as defined by NI 43-101.

For further information, contact Nav Dhaliwal, President and Chief Executive Officer, at nav@nokaresources.com or 604-678-5308 or visit www.nokaresources.com.

3.ON BEHALF OF THE BOARD

"Nav Dhaliwal"

Nav Dhaliwal, President and Chief Executive Officer