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Pure Energy Minerals (TSXV:PE) reported that its subsidiary has secured an additional 1320 acres of lithium mining claims in Clayton Valley, Nevada.
Pure Energy Minerals (TSXV:PE) reported that its subsidiary has secured an additional 1320 acres of lithium mining claims in Clayton Valley, Nevada.
As quoted in the press release:
Pure Energy’s total project size is now approximately 9,324 acres (3,773 hectares).
The CA claim block consists of 66 placer mining claims, (each approximately 20 acres in size) to fill in the west and southwest quadrants of the property. The claims were acquired for staking costs, and as the new claims have been recorded and secured by a wholly-owned subsidiary of Pure Energy, there are no royalties, lease payments, work commitments or other encumbrances that apply to the claims, other than normal annual recording and payment obligations.
The Company’s claim package overlies the north-south trending basin that is present beneath the southern half of Clayton Valley. A detailed seismic reflection survey of the area conducted by Pure Energy included the new CA claims area, and allows for the potential expansion of the resource assessment of the entire claim area.