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Jindalee acquires 2nd lithium project in US

Jindalee Resources Ltd. staked 242 placer mineral claims covering about 4,840 acres managed by the U.S. Bureau of Land Management about 16 kilometers from the town of McDermitt on the Nevada-Oregon border.

The claims are 100% owned by the Jindalee wholly owned unit HiTech Minerals Inc. and were acquired for the cost of field work, staking and filing the relevant claims.

The company said June 13 that it is moving ahead with the necessary permitting and approvals to allow for drill testing as soon as possible.

The proposed drilling program will follow the "encouraging values" returned from initial surface sampling, including up to 3,020 parts per million lithium.

Earlier in the month, Jindalee staked 28 placer mineral claims covering about 560 acres at Clayton North in Nevada.