First Lithium Resources Inc. (TSX VENTURE:MCI)(OTCBB:FLNTF)(FRANKFURT:MHN) reported that the company has entered into an Option Agreement with Ashburton Ventures Inc., to earn an 80% interest in the Teels lithium prospect located at Teels Marsh, Mineral County, Nevada, approximately 54 miles northwest of Clayton Valley.

The press release is quoted as saying:

The Clayton Valley (which has been producing lithium brines since the 1960s and continues in production today) was also mined in the 1800s for salt and borax, denoting obvious similarities to Teels. As lithium-bearing brines tend to be the last product of evaporation, it appears (and from the Clayton Valley work) that the deeper portions of the playa, usually fault derived (as at Atacama, Chile) have been allowed the proper time for evaporation of these last stages of brines.

Click here to access the entire press release

Click here to access First Lithium Resources Corporate Site

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