HENDERSON, Nev., July 29, 2016 (GLOBE NEWSWIRE) -- Oroplata Resources, Inc., (OTCBB:ORRP) (“Oroplata” or the “Company), is extremely pleased to announce that it has entered into a binding agreement (the "Agreement") with Plateau Ventures of Utah, to exercise its second option to acquire an additional 700 mining placer claims at the Western Nevada Basin project (“WNB”), in Nevada.
The original WNB project agreement covered 500 contiguous mining placer claims covering approximately 10,000 acres (See news releases dated June 1 and June 17, 2016). With the additional claims, Oroplata, will now hold approximately 24,000 acres. The company expects that all 1200 claims will be transferred to Oroplata’s Nevada subsidiary on or before August 31st, 2016. After the ownership of these rights are recorded at Nye County as well as at Bureau of Land Management, The Company will hold a 100% interest in the claims with no royalties at development.
About the Western Nevada Basin Project:
The WNB Project is located within the Railroad Valley, approximately 94 miles (151 kilometers) northeast of Tonopah, in Nye County, Nevada. The project can be accessed directly from U.S. Route 6. The Railroad Valley is one of Nevada’s largest trapped basins and is noted to hold all the necessary prerequisites for a massive Lithium Brine deposit.
The presence of Lithium in the valley was confirmed by the U.S. Geologic Surveys’ sediment sampling and Oroplata believes the WNB has the potential to host economic lithium-bearing brines in extensive subterranean aquifers beneath the valley floor. Historic and modern oil exploration and development data obtained by Oroplata indicate that favorable geologic formations and brines are present that appear to be very similar to the lithium brine deposit model of the Clayton Valley.
Clayton Valley hosts the Silver Peak lithium-brine mine, which is operated by Albemarle Corp. Lithium Brine projects have proven to be substantially cheaper to explore and develop compared to hard rock mining alternatives; additionally, Lithium brine mining can be achieved with a minimal carbon and environmental footprint.
“Lithium will be the underlying fuel that will drive the green economy that is already taking hold in Nevada,” comments Craig Alford, Oroplata’s CEO. “We are seeing massive development in and around the Tesla Gigafactory location. This directly translates to new jobs and a big economic kickstart to the green sector of the economy. It’s a tremor in something that will shake the world. Oroplata’s expansion, exploration and development are planned to progress hand-in-hand with the evolution of this green economy.”
Oroplata Resources Inc. is focused on becoming a substantial profitable Lithium producer by the rapid development of valuable production-grade Lithium Brine deposits in the Railroad Valley in Nevada.