Rockland Resources Moves Lithium Focus To Utah, Collects 4,080 ppm Lithium Sample
Rockland Resources (CSE: RKL) evidently has acquired new claims in the United States. The claims, referred to as the Lithium Butte property, is found in the Basin and Range province of west-central Utah.
The new property is said to consist of 60 lode claims covering 1,200 acres. Located on BLM land, the property is said to be the first of several regional properties being acquired by the company in west-central Utah, with staking currently underway on additional claims. The claims are to be 90% owned by Rockland, with a 1.5% net smelter royalty also applying to the property.
Exploration is reportedly well underway on the project, with the company having collected ten grab samples on a reconnaissance program conducted in May. Assay results have already been returned from the program, with the highest assays returning 4,080 ppm within claystones.
Five of those samples came from tuff-breccia with what is referred to as strongly developed clay alteration in an outcropping that has an estimated stratigraphic thickness of 20 metres. That is where the highlighted sample was collected, with a total of five of the samples assaying at 1,200 ppm lithium or higher, with the average among the group amounting to 2,142 ppm.
“Although this project is at a very early stage, we are extremely encouraged by these high-grade lithium grab samples from volcanic-derived claystones on the Lithium Butte Property. The next stage of work will include channel sampling to confirm the thickness of the lithium-rich claystone units on the Property. Since the claystone is locally well-exposed and accessible to surface sampling, we anticipate that this work will be done this summer,” commented Rockland President Richard Sutcliffe.
Rockland Resources last traded at $0.13 on the CSE.
FULL DISCLOSURE: Rockland Resources is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Rockland Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
