Lithium One options Muerto property beside Sal de Vida
Ticker Symbol: C:LI
Lithium One options Muerto property beside Sal de Vida
Lithium One Inc (C:LI)
Shares Issued 35,773,689
Last Close 9/9/2009 $1.37
Thursday September 10 2009 - News Release
Mr. Patrick Highsmith reports
LITHIUM ONE EXPANDS SAL DE VIDA LITHIUM BRINE PROJECT TO
Lithium One Inc. has signed a definitive option agreement to acquire a 100-per-cent interest in an additional 4,390 hectares of the Salar del Hombre Muerto in northwest Argentina. The new property adjoins the ground recently optioned from Maktub Compania Minera SRL and increases the area of the company's Sal de Vida lithium brine project to approximately 194 square kilometres.
The company has now consolidated the majority of the eastern portion of Salar del Hombre Muerto into the new Sal de Vida project. The western half of the salar is the site of Argentina's only commercial-scale lithium mining operation, Fenix, owned by Minera del Altiplano, a subsidiary of FMC Corporation. The 2008 production from the Fenix operation represented nearly 14 per cent of the total world production of lithium metal.
Lithium One has initiated an exploration program on the Sal de Vida project, with the intent to advance the project to a feasibility decision in 2010.
