Chengdu, July 07, 2016 — Concept Mining, a lithium exploration and development company with a focus on becoming a low-cost supplier for the lithium battery industry, announces today new information on Zorras Prospection and Exploitation Site.
“Our company has recently leased for 49 years a prospect site covering 10,532 hectares, situated 20 kilometers away from Zorras and 18 kilometers away from Mina Escondida of BHP Billiton. Preliminary data have revealed high concentration brine which gives high commercial feasibility to our future mining operations; our company is looking to bringing new economic perspectives on the region by expanding the local infrastructure: this will connect Zorras to the B-55 highway which will be a historical milestone for this area.” said Cao Dekang, Chief Investment Officer.
The results of the exploration program on Zorras Prospection and Exploitation Site will create significant shareholder value.
Geologic research of the area has indicated that proximal rhyolitic flows and tuffs surrounding the basin could be a potential source for the possibility of saturated lithium brine. Basin source rocks include rhyolite tuff, flows and volcanic sediments.
It’s valued highly prospective that Zorras Prospection and Exploitation Site is located within a geothermal cluster, at a basin low setting.
A gravity low shows a deep basin, whereas regional geophysical signatures in the area reflect similar anomalies comparative to that of the ones that has successfully defined one of the largest lithium resources next to North America’s only producing lithium mine.
About Concept Mining
Concept Mining is a lithium exploration and development company with a focus on becoming a low-cost supplier for the lithium battery industry. The clear vision to focus on projects with simple operations with a lower cost structure has delivered rapid results and a strong company position. The firm is a multi-faceted miner with lithium exploration portfolio, and mining services that delivers drilling, geophysical and project development services. With a range of select projects in production and in development, the company’s pipeline of sustainable and low capital mining operations ensures the company will continue to deliver shareholder value, profitability, liquidity and growth.
Huarun Tower, 8 Shuangqing Road,
Chengdu, Chenghua District, China