Railroad Valley Lithium Property:
Located in south-central Nevada, and consists of 199 placer claims totalling 9,835 acres (3,980 hectares). The property fits the current geological model and understanding of lithium brine deposit occurrences (as defined by USGS Open File 2013-1006), and is considered analogous to the nearby Clayton Valley, which hosts the operating Silver Peak lithium mine owned by Albemarle Corp (NYSE-ALB). The Railroad Valley Property is situated within an enclosed, fault-bounded basin valley, centred by a dry lakebed (playa) with significant amounts of evapotranspiration. Documented soil samples collected on the surface of the playa, by the United Stated Geological Survey (USGS), contain elevated concentrations of over 500 ppm Li2O.
Management cautions that mineralization present in the Clayton Valley area is not necessarily indicative to the presence of mineralization in the Railroad Valley area