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.
Black Canyon Lithium Property:
Located in central Arizona, and consists of two exploration permits totalling 360 hectares. The property covers a lithium clay exploration target that is adjacent to the Lyles Hectorite Deposit which is currently being mined for its clay by a local private company. The Lyles Hectorite Deposit is reported to have very high lithium content of 5,300 ppm Li2O, with anomalous lithium values documented to the north and south. Regional geological mapping and satellite photo analysis indicate that there is a high probability of the same lithium bearing clay unit on the Black Canyon Property.