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Mammoth Energy Group to Increase Investment Into Chile’s Salar de Maricunga
Apr. 27, 2011 01:24PM PST
Battery MetalsMammoth Energy Group Inc. (PINK:MMTE) plans to increase the company’s investment and to acquire a total of 8645 acres in the Salar de Maricunga located near Copiapo, Chile.
Mammoth Energy Group Inc. (PINK:MMTE) plans to increase the company’s investment and to acquire a total of 8645 acres in the Salar de Maricunga located near Copiapo, Chile.
The press release is quoted as saying:
The acquisition, once completed, will have 43-101 compliant lithium values of 1000 mg/l. The Salar de Maricunga is a world class lithium asset with similar lithium values as the Salar de Atacama, which is currently mined by Sociedad Quimica y Minera S.A.