Wednesday, August 19, 2009

CNBC reports: The Great Lithium Rush TNR.v, CZX.v, ROC, FMC, SQM, RM, WLC.v, CLQ.v, AVL.to, RES.v, F, NSANY, DAI, TM, TTM, BYD, GOOG, AAPL, RIMM, HUI,

"REE market in the West was killed by China's pricing of hard rock mining and they have consolidated market after that. Now with Electric Cars and Green Mobility Revolution at our doorsteps Lithium and REE is a strategic commodity"


The push for electric car batteries could fuel another commodity boom. Insight with Seifi Ghasemi, Rockwood Holdings CEO.



Video:

http://www.cnbc.com/id/15840232?video=1219662579&play=1


More on Lithium Brines in Nevada:


Obama’s Electrification of America


"Replenishment of brines comes from surrounding Rhyolite, which are the most lithium rich in the world. Brines in the area have concentrations as high as 1000 ppm. Concentrations as low as 166 ppm have been used in lithium brine pool extraction methods." – AuthorThe following two junior companies have brine deposits in Nevada.
Rodinia Minerals Inc RM:TSX.v
http://www.rodiniaminerals.com/
TNR Gold Corp TNR:TSX.v www.tnrgoldcorp.com"



"Fish Lake Valley : Lithium Brine Property
Area is famous for hosting the only Lithium Brine producing asset in the entire North America, Chemitall Silvstream property. http://www.tnrgoldcorp.com/i/pics/fish1.jpg
NEVADA, United States of AmericaLocated in Fish Lake Valley, approximately 25 miles from Clayton Valley, which contains the only lithium producer in the United States and the only lithium brine producer in North America. Clayton Valley has been in production since 1967. Lithium brine has been known in Fish Lake Valley since the middle of the last century and received attention from the US Geological Survey during the 1970's during a lithium reconnaissance program to identify exploration targets similar to Clayton Valley. Fish Lake Valley is one of the two most prospective areas identified in that study. In spite of this recommendation, the valley does not appear to have received much serious attention."



"Mud Lake Property
International Lithium Corp. ("ILC") currently holds eight main projects around the world. Nevada USA
Location Twenty Placer Claims (3,200 acres) have been located within Mud Lake Basin. The claim block is situated about 10 miles southeast of Tonopah, Nevada. The basin is accessible by non-maintained roads passable by two-wheel drive vehicles. Mud Lake occupies a depression in the southern end of Ralston Valley. The basin is approximately 5 miles wide and 5 miles long and has a surface area of about 25 square miles. The playa is bounded by the Cactus Range and Monitor Hills to the east, Goldfields, Nevada to the south, Alkali Valley to the west, and Ralston Valley to the north.Geological History Mud Lake occurs in a asymmetric, undrained basin that is filled with interbedded fine-grained sediments with halite, some volcanic ash layers, and some tuffs. The brine that saturates the sediments consists of concentrated sodium chloride solution containing potassium and minor amounts of magnesium and calcium. The main source of lithium is the volcanic ash that extends across the region. The source of the lithium in the Mud Lake Basin is believed to be a hydrothermal source that was directly evolved from magma or magmatic heat. Chemical weathering and leaching of the lithium rich volcanic rocks is believed to be a secondary source of lithium in the brines of the Mud Lake basin deposit. The transport of lithium would require a hydrothermal fluid, surface water, or meteoric groundwater. The Mud Lake Basin lithium deposit occurs in the brines at depths of a few hundred meters in the valley-filled sediments and volcanic units, which include clays, sands, beds of halite and gypsum and tuffs. The near surface sediments contain variable amounts of kaolinite, illite, halite, calcite, dolomite, gypsum, quartz, feldspar, zeolite, and smectite."

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