Nov 3 2015
Pure Energy Minerals Limited is pleased to report that, via its wholly owned US subsidiary, Esmeralda Minerals LLC, it has secured an additional 1320 acres (534 hectares) of lithium placer mining claims in Clayton Valley, Nevada. 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.
Qualified Person and Quality Control/Quality Assurance:
Gerhard Jacob, P.Geo, EFG (European Geologist), is a qualified person as defined by NI 43-101, and has supervised the preparation of the scientific and technical information that forms the basis for this news release. Mr. Jacob, P.Geo is not independent of the Company as he is a director.