RLC 0.00% 0.2¢ reedy lagoon corporation limited

RLC - 2018, page-38

  1. 115 Posts.
    ENJOYE READING

    Reedy’s nearest project, the Big Smoky South project is only ten km’s from Silver Peak. Its Columbus Salt Marsh project sits about 50km to the north west of Silver Peak and the Alkali Lake project about 30km to the north east.


    MUST READ PART


    In a move that underpins the fascination that people have around exploration, Reedy Lagoon managed to find, (probably in at attic somewhere) an obviously typewritten, 1977 geological survey report commissioned by the US Department of the Interior relating to the region that Reedy’s projects fall within.


    The report is littered with references to Lithium bearing brines in underground springs in the region.
    It says in part; “Analyses of waters from springs in Nevada have led to the identification of an area containing anomalous amounts of lithium northwest of the Clayton Valley area. Fish Lake Valley and Columbus Salt Marsh contain waters having relatively high lithium and potassium concentrations.”
    It then goes on to say; “Some constituents of the brines and/or their associated salts have been commercially produced. Sodium, chloride, boron, potassium, trona, and other Ions and salts are now produced or have been produced from some of these brines. Most of the commercial production has been for the major constituents of the brine. However, a minor element, lithium, can also be produced economically from some brines.”


    In a scene reminiscent of the famous Harry Potter film, Reedy Lagoon management were no doubt wide eyed after blowing the cobwebs of this 1977 report.


    Early this year the company tested the theories contained in the report and had their own bingo moment  moment after their surface based geophysical surveys threw up strong conductors across all three project areas – all with resistivity readings of less that one ohm-metre in some parts.
 
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