Canadian Orebodies Inc. (TSX VENTURE:CO) today announced that the company has completed the purchase of 100% legal and beneficial interest (subject to a 2% NSR retained by the vendor, 50% of which can be purchased by Orebodies for $1,000,000) in 5 separate Lithium/Rare Metals properties with an arm’s length third-party vendor.
The press release is quoted as saying:
Orebodies has cut small orientation grids over the showing areas on the Falcon property and have now commenced an orientation Gradiometeric Mag and VLF survey. It is further intended to conduct a resistivity survey over the orientation grids as conditions permit. The intention of the surveys is to determine the ability to trace and locate lithium bearing pegmatites by geophysical techniques for the purpose of distinguishing between pegmatite bearing veins and host rock.
