Pretty poor of the Next Small Cap article to state the following as we all know that RMX have pulled out of that.
Update on the Red Valley Lithium Brines Project
While the Mukabe-Kasari Cobalt Copper project is currently receiving most of the attention, RMX continues to progress its Red Valley Lithium Brines Project in the US state of Utah.
In late May, RMX published an update on it progress at Red Valley. Progress on drill hole 2 at the project was slower than had been anticipated due to inclement weather, including unusually late snowfall. Additionally, a hard basalt aquifier zone was encountered at 130 feet with higher than expected amounts of water overflow which ultimately caused a loss in circulation to the open hole rotary drill.
To address this, the drill was converted to a Reverse Circulation (RC) system and the Robit casing advanced tooling system was implemented.
This new strategy has meant further time delays, but that said, the most recent update from onsite personnel has been very positive.
RMX, along with its JV partner, has decided to extend hole 2 to a depth of 1300-1500 feet to test and determine the maximum amount of water producing zones available.
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Pretty poor of the Next Small Cap article to state the following...
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