LithiumOre Partner Discusses the Potential of its Railroad Valley Lithium Project
INCLINE VILLAGE, March 6, 2019 - LithiumOre (the "Company"), a wholly-owned subsidiary of Oroplata Resources, Inc. (OTCQB: ORRP), a lithiumresource exploration and development company, today announced thatin an interview with Proactive Investors their partner 3PLOperating Co. ("3PL") discussed the Company's Railroad ValleyLithium Project.
3PL Chief Executive Officr Vince Ramirez maintains LithiumOre's Railroad Valley Lithium Project is located at the center of "one of the largest brine deposits in the world." Ramirez comments that there are "30 billion barrels of brine within the Railroad Valley brine pool."
To access the video interview, please click here: https://www.youtube.com/watch?time_continue=4&v=IOBNP6PJSvw
3PL is a privately held mining development firm engaged in the exploration and development of lithium brine deposits within the Western Nevada Basin.
Made in America, LithiumOre holds 1,300 lithium mineral claims, totaling 26,000 acres, located in Railroad Valley of Nye County, Nevada. Railroad Valley is approximately 112 miles northeast of Clayton Valley and can be accessed by paved highway directly from U.S. Route 6. Railroad Valley is one of Nevada's largest trapped basins and is noted to hold all the necessary commercial and engineering prerequisites for a massive lithium brine deposit. The Company's claims have been evaluated by experts and the BLM and are in planned on-site exploration.
LithiumOre, Corp.
LithiumOre (http://lithiumore.net), a wholly-owned subsidiary of Oroplata Resources, Inc. (OTCQB: ORRP), is a lithium resource exploration anddevelopment company, whose primary focus is the establishment of alow cost, long life proved production base to supply the rapidlygrowing and currently flourishing lithium-ion battery industry forboth mobile devises and laptops, as well as the burgeoning EV(electronic vehicle) industry. LithiumOre is focused on becoming asubstantial, profitable lithium producer via the timely developmentof valuable production-grade lithium brine deposits in Nevada.
For more information, please visit: http://lithiumore.net
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including those with respect to the expected project economics for Western Nevada Basin (Railroad Valley), including estimates of life of mine, average production, cash costs, AISC, initial CAPEX, sustaining CAPEX, pre-tax IRR, pre-tax NPV, net cash flows and recovery rates, the impact of self-mining versus contract mining, the timing to obtain necessary permits, the submission of the project for final investment approval and the timing of initial gold production after investment approval and full financing, metallurgy and processing expectations, the mineral resource estimate, expectations regarding the ability to expand the mineral resource through future drilling, ongoing work to be conducted at the Western Nevada Basin (Railroad Valley), and the potential results of such efforts, the potential commissioning of a Pre-Feasibility study and the effects on timing of the project, are "forward-looking statements." Although the Company's management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, interpretations or reinterpretations of geologic information, unfavorable exploration results, inability to obtain permits required for future exploration, development or production, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices, final investment approval and the ability to obtain necessary financing on acceptable terms or at all. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended September 30, 2018. The Company assumes no obligation to update any of the information contained or referenced in this press release.
Contact Information
Corporate:
775-434-4744
info@lithiumore.net
