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Nevada Energy Metals expands San Emidio lithium property

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Nevada Energy Metals expands San Emidio lithium property

Nevada EnergyMetals Inc. said April 26 that it has increased the explorationpotential of its SanEmidio lithium property in Nevada by adding 69 new claims to its landposition in the San Emidio Desert.

According to the company, the San Emidio Desert basin is analkali playa environment underlain by unconsolidated sediments and clays beingfed by lithium-bearing geothermal fluids.

The additional claims were staked to cover a portion of theplaya that was evaluated by Chevron Oil Co. in 1976 for its geothermal powerpotential. Historical results by previous operators exploring the playa forlithium reported lithium value in sediments up to 312 parts per million oflithium and up to 80 ppm of lithium in brine from a depth of 1.5 meters.

Nevada Energy further said no royalties, option payments orwork expenditures have been incurred as a result of the acquisition of the SanEmidio lithium exploration project, which now comprises 155 claims coveringabout 3,100 acres. The company staked the project's initial 86 placer claims in March.