Thesi. Like i said a while back PIO have a prime Lithium deposit up the road from Galaxy ( Mt. Cattlin) I honestly think we will see some kind of agreement on this in the future as Galaxy will want to buddy up with Gangfang through PIO. PIO is aligned with ILC, Director Wayne Spilsbury is on the board of PIO as well. Ganfang own 14% of ILC projects and it looks like they will fund PIO soon on there projects to enter Australia in a big way. If there is a going to be a JV this would have to be the smartest JV in the entire Lithium space GXY in bed with PIO
. PIO have so many valuable assets DYOR. PIO/ILC will hit production sooner than people think with Gangfang involved.
ILC do have Brine see below.
The Mariana project, a lithium-potash salar, consisting of several contiguous mining claims covering an expansive 160 km
2 project area, strategically encompasses the entire salar and a significant portion of the surrounding area to provide prospective land for a potential future processing plant facility. Salars, or salt lakes, host some of the largest known lithium resources in the world and the Mariana basin is one of the more prominent salars in the renowned lithium belt of South America that produces more than 70% of global production.
The Company completed a reverse-circulation Phase 1 resource delineation drill program on the Project in 2012. Four (4) widely spaced drill holes (totaling 444 metres), were positioned approximately 5 km apart to characterize the subsurface strata and brine across several previously identified geological and geochemical domains within the 10 x 15 km salar (salt lake) basin. In addition, the objective was to add to the geological model of the salar and determine the aquifer potential of the stratigraphy encountered. For further details please see news release dated
April 24, 2012.
As expected, the upper stratigraphic interval was primarily halite varying in depth from 18 to 32 metres in the peripheral areas (hole MA12-04 in the south, MA12-05 in the north and MA12-06 in the western region of the salar) and 66 metres depth in hole MA12-07 proximal to the center of the salar. Below this predominantly halite layer an extensive mixed evaporite layer approximately 32-52 meters thick, consisting of greater than 60% fine to coarse sand, was encountered in the three peripheral holes. Below the evaporite sequences in all holes an extensive medium to coarse grained, dark coloured, basaltic sand interval was encountered. Brine flow measurements recorded during drilling increased markedly below the halite sequence throughout the sand rich layers.
Unconsolidated stratigraphic units with a significant granular or sand component possess physical characteristics that allow them to maintain a higher degree of permeability and porosity at greater depths than halite (salt) units. Consequently, they represent a potential aquifer for hosting brine at depth and are an important target in the lithium-potash brine exploration model. The measured brine densities, ranging from 1,190 to 1,298 g/L, reflect a considerable quantity of dissolved salts, approximately 10 times the salinity of seawater.
Most recently the company installed data collection equipment necessary for permitting and design of the upcoming drill and pump test program being planned for Mariana in early 2015.
http://internationallithium.com/int...ject-argentina-joint-venture-ganfeng-lithium/
Mr. Wang is also a Director of ILC he graduated in 1990 with University of North Technology in Beijing, and subsequently established himself in the lithium sector with China State-Owned Enterprises (SOE). Also graduated with an executive MBA from the China Europe International Business School in 2002. Mr. Wang possesses an in-depth understanding of the lithium industry and market through his lengthy experience in sales and marketing of lithium products in China and around the world. He was integral to the formation of Ganfeng Lithium and has been instrumental to its growth as the managing director since 2006. Mr. Wang is currently vice-chairman and executive vice-president of Ganfeng Lithium. He could possible join PIO board as well soon.
PIO is a no brainer IMHO it is setting itself up for major success. Big news is coming with talks of ILC getting a bunch of new Lithium tenements. DYOR.
