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White Basin

The White Basin property includes 25 unpatented mineral claims comprising 500 acres and is located roughly 75 kilometers northeast of Las Vegas. Sampling on the property has returned values as high as 3,762ppm Li from six composite samples of the Horse Spring Formation. The Horse Spring Formation is Oligocene-Miocene in age and includes clay-rich, altered volcanic units with historic reports of elevated lithium (Brenner-Tourtelot and Glanzman, 1978, Energy 3, 255-262). Sampling by the Company has confirmed elevated lithium with results provided in the table below.

Sample Number

UTM Easting/Northing*

Description

Lithium, ppm**

S#2:LV

721505/4026514, 721486/4026659, 721515/4026804,

721698/4026819, 721775/4026607

Five sampling sites of calcareous playa lake units of Horse Spring Fm., collected by digging 30cm into the formation surface, then homogenized before assay.

3,762

S#1.LV

717621/4026824, 717551/4027292, 717725/4027010, 717608/4027443, 717889/4027073, 717989/4027010,  718130/4026836

Seven sampling sites of calcareous playa lake units of Horse Spring Formation, collected 30cm into the formation surface, then homogenized before assay.

2,093

S#3-LV

721322/4026892 to

721267/4027094

Sampling sites of calcareous playa lake units of Horse Spring Formation, collected 30cm into the formation surface, then homogenized before assay.

1,549

LV#8

721689/4026618

Calcareous Horse Spring Fm., from an outcrop ledge.

878

 

LVJH#1

721505/4026467

Calcareous Horse Spring Fm., collected from a drainage exposure.

838

LVJH#2

721613/4026625

Calcareous Horse Spring Fm., collected from a drainage exposure.

310

*UTM Zone 11S. **Lithium assays were obtained by arc spectrometry at Reed Laboratories (Carlsbad, CA) from 100mg aliquots. Standards and blanks were not included with the samples.

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