7th Nov 2016 12:07
LONDON (Alliance News) - Rare Earth Minerals PLC said Monday that Macarthur Minerals Ltd, in which it has a 16.6% stake, has completed staking an additional 360 claims over acreage surrounding its Stonewall Lithium project.
Macarthur has completed staking an additional 360 claims covering around 6,975 acres, or 28.22 square kilometers, surrounding the project in the Lida Valley, Nevada.
It has done so because of the lithium prospectivity of the Lida Valley, indicated by the surface grades returned from an initial drilling programme of up to 145.5 parts per million lithium.
Shares in Rare Earth Minerals were down 3.4% at 0.546 pence Monday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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