Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: howestreetbull who wrote (16987)	5/19/2016 9:40:33 AM
From: howestreetbull	Read Replies (1) \| Respond to of 203329

Lithium Jrs $ABR.v $PE.v $BCN.v $NEV.v $DJI.v $LIX.v $MMJ.c $AIX.v $DGO.v $NMX.v $LAC.t $SIE.V $UMB.c UMB.c News Out...Tule Valley Lithium Exploration Program May 19, 2016 Tule Valley Lithium Exploration Program UMBRAL ENERGY CORP. (CSE: UMB) (OTCQB: UMBBF) (the “Company” or “Umbral”) is pleased to announce that further to the news of April 26, 2016 The Company has begun its initial exploration plan of identifying anomalous zones and geological mapping, to determine the presence and composition of lithium. Activities may include, brine auger samples, surface sampling on the top of the playa along with the surrounding exposed bedrock. If the aquifer is accessible at shallow depths a fluid sample will be taken and analyzed. Tule Valley Lithium Exploration Project is prospective for lithium. The property is 4,800 acres and is located approximately 190km south west of Salt Lake City, Utah. Access is by an all-weather road from Delta, Utah. Mineral activity in the area includes; Redhill Resources’ Honey Comb Beryllium-Rubidium-Lithium-REE project, located 20km north of Tule Valley. Redhill indicates initial surface sampling assays of 1500-1700ppm lithium from a rhyolite dome (September 30, 2011 NI43-101 report). Materion Corporations’ Spor Mountain beryllium mine is situated 30km to the northeast of Tule Valley. Both the Honey Comb and Spor Mt projects indicate that the volcanic rocks surrounding Tule Valley are lithium-rich, and may have therefore acted as a source of lithium for local brines. The Sevier Lake property of Crystal Peak Minerals, 60km to the southeast of Tule Valley, is a brine-sourced potash, lithium and magnesium project. Crystal Peak’s November 18, 2013 NI43-101 report states that lithium values in post-production brine solution (after potassium-sulphate extraction) ranges from 50 to 200mg/l lithium (0.005% to 0.020% Li). Crystal Peak is an evaporite basin similar to Tule Valley. A combined analysis of geophysical, geochemical and geological data suggests the possibility of anomalous Li/Be/Rb/K values could be located in the brines of the Tule Valley playa The Tule Valley playa merits further exploration, including geophysics and drilling to evaluate potential for a mass brine deposit. Jag Bal, President of Umbral commented, "With Crystal Peak Minerals recently announcing that they intend to focus on evaluating the development of lithium on their Sevier Playa project, Umbral is eager to immediately begin exploration on our Tule Valley project.” Qualified Person: The technical content of this news release has been reviewed and approved by Phil van Angeren, a registered Professional Geologist with APEGA, and a Qualified Person under the provisions of National Instrument 43-101.