We all know that Albemarle is trying it's hardest to block any more exploration from happening in and around the Clayton Valley which seems to also affect Reedy. It seems the Government is wanting to find a middle ground that allows explorers to effectively explore the area whilst also protecting existing water rights. It still seems up in the air at this point and I see some doubt that BSS will be next although eventually I have no doubt we will get a drill bit in to BSS.
I originally was most bullish on BSS given the MT surveys and anomolous Li in well water near-by.
Excerpt from article I posted the other day.
"Given the risk of sudden sinkholes that can irrevocably damage centuries old aquifer systems and the one-way movement of precious water supplies in a desert environment like Nevada, it’s no wonder that water allocation in the state is such a contentious issue. A proposed bill is currently under consideration at the state legislature that would protect groundwater and geothermal resources, while also allowing for limited water access for exploration companies.
Citing the need for transparency in the current permitting process, Dave Shaddrick, President of the Nevada Mineral Exploration Coalition, has called the bill a “very good solution to that problem.” Albemarle, which has the senior water rights in Clayton Valley and is the largest consumer of water in the area, is opposed to the bill."
(20min delay)
