First Liberty Power Corp. (OTC:FLPC) announced the completion of the field work component of the controlled source audio magnetotellurics / magentotellurics survey on its Esmeralda County, Nevada, Lida Valley Lithium property.
The press release is quoted as saying:
The Lida Valley property shares a similar geology and weathering history to nearby Clayton Valley (where the Company recently entered into an LOI to acquire an additional 3,000 acre claim block), and is located within 15 miles of the Montezuma Peak, which is believed to be the source of the region’s lithium. The north end of Clayton Valley hosts Chemetall Foote Corporation’s Silver Peak mine, the only lithium brine producer in the United States. Mine production comes from lithium enriched sub-surface brine located. This plant has been in production since 1967 and is designed to produce up to 1.2 million kilograms of lithiumhydroxide per annum.