LIBERTY ONE LITHIU COM NPV (OTCMKTS:LRTTF) is currently mobilizing local logistics and support for drilling operations that are set to begin before the end of the month. Shares for LRTTF have been rising this morning and overall this stock has doubled in value over the last six months. The increased run today means that the market is expecting good news when those drills get going.
In addition, LRTTF has seen volume steady in the 3M register since the news broke. Commencement of drilling operations at the Pocitos mine could strengthen investors’ confidence given that the company has sufficient funds to fully fund the program. The property is well positioned for lithium brine production. When LRTTF did a sampling in September, they were shocked to discover that the entire property could be full of lithium. This drilling program is going to allow the company to fully understand the character of Pocitos West, but Argentina has salar deposits that are high in lithium concentrate and low in magnesium making them easy to refine.
LIBERTY ONE LITHIU COM NPV (OTCMKTS:LRTTF) trumpets itself as a company that is an emerging exploration player focused on the acquisition and development of high grade lithium brine deposits destined for use by global business interests. The Company believes that strategic resource access is the key to a robust energy strategy to protect economic stability worldwide.
Moreover, LRTTF engages in the acquisition, exploration and development of mining properties in Canada and the United States. The company primarily explores for lithium brine deposits. It holds interests in the Paradox North property with 233 placer claims covering 4,480 acres located in the Paradox Basin in Grand County, Utah, as well as an option to earn a 70% interest in the Pocitos West project covering 15,857 hectares located in Salta Province, Argentina.
According to company materials, “Liberty One Lithium Corp. is an emerging exploration company focused on the acquisition and development of high grade lithium brine deposits. The Company believes that strategic global resources are the key to a robust energy strategy to protect economic stability worldwide.”
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Company CEO, Brad Nichol notes, “We will start off with a sample hole in the southern segment of the property, drilling rotary only and packer sampling to identify brine and lithium. We will drill initially to 300 meters, stop to sample, and while awaiting expedited results, we will continue down to find basement or whatever might define a “bottom” to the brine section. We are looking for lithium content above 100 mg/L and if porosities range above 20%, as can be anticipated in a sandy aquifer, the size of the “storage space” within the horizon will be greatly expanded.”
“While progressing north to the second site in the central portion of the mining licenses,” continues Mr. Nichol. “We could simultaneously proceed to install a production-size well, and drill an adjacent rotary/core hole for aquifer characterization, including detailed lithology and core sampling for effective porosity measurement.”
LIBERTY ONE LITHIU COM NPV (OTCMKTS:LRTTF) is seeing a nice bump in trading and is capping off a solid week. Investors have been waiting for drilling to start and now this company could start to see even more volume as drilling results roll out. We will be updating readers as the news takes on more shape. Sign-up for continuing coverage on shares of $LRTTF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $LRTTF, either long or short, and we have not been compensated for this article.
