Nickel Rock Resources Inc. Plans to Expand Capacity at Their Lithium Production Facility At Silver Peak, Nevada
January 12, 2021 at 08:45 am EST
Nickel Rock Resources Inc. announced on January 7th, 2021 plans to expand capacity at their lithium production facility at Silver Peak, Nevada. A portion of Albemarle's project adjoins 77 placer claims owned 100% by Nickel Rock Resources Inc. Additionally, in 2021 Albemarle reported it will commence exploration of clay and evaluate technology that could accelerate the viability of lithium production from clay resources in the region. The general structure of the producing area in the north part of the Clayton Valley basin is known from geophysical surveys and drilling to be a graben structure with its most down-dropped portion
the east-northeast side of the valley (Zampirro, 2004). A similar graben structure has been identified on the property of Nickel Rock Minerals in the northwest part of the Clayton Valley basin where the Goat Island graben is inferred from gravity inversion (Quantec, 2008; Petrick, 2008). The valley is segmented into a northerly trending, one to km wide subbasin with a distinct escarpment on each side caused by the displacement of a block of land downward. Recent work by other operators indicates that important deposits of lithium-bearing claystone are being found in Clayton Valley and this will be the primary target for the proposed
program currently being arranged. Readers are cautioned that the information in this press release regarding the property of Albemarle is not necessarily indicative of the mineralization on the property of interest. A short distance to the east, Cypress Development owns 100 per cent of the Clayton Valley lithium
projects located immediately east of Albemarle's mine. Exploration and development by Cypress have discovered a large world-class resource of lithium-bearing claystone adjacent to the brine field.