Mesa Exploration Receives Metallurgical Report for Lithium, Potash Project
22 Giugno 2011 - 8:12PM
Marketwired
Mesa Exploration Corp. (TSX VENTURE: MSA)(PINK SHEETS: MSAJF)
("Mesa") is pleased to announce the receipt of a report outlining a
conceptual metallurgical process for the Green Energy mineral brine
project prepared by Dr. Richard Hammen of IntelliMet LLC. The
report summarizes a processing plan utilizing molecular and ionic
separation and reverse osmosis for extracting lithium, potash,
magnesium, boron and bromine from the mineral-rich brine.
Metallurgical testing will be performed based upon the report on
the brine recovered from the upcoming drilling program to verify
chemical composition and determine process factors such as recovery
and optimum flow rates.
Historic analysis of the brines yielded concentrations of 1,700
ppm lithium, 47,000 potassium, 43,600 ppm magnesium, 4,575 ppm
boron and 6,100 ppm bromine. These results are selective and are
unlikely to represent average grades on the property. The mineral
grades and other technical data such as brine flow are taken from
historical estimates prior to the implementation of NI 43-101. A
qualified person as defined under NI 43-101 has not done sufficient
work to classify the historical estimate as current mineral
resources or mineral reserves. Mesa is not treating the historical
estimates as current mineral resources or mineral reserves as
defined in NI 43-101.
Commodity Prices
The prices of the commodities in the brine are not common such
as the price of a barrel of oil or an ounce of gold, therefore
below are prices and sources of information on the five commodities
examined in the report:
Lithium Carbonate $6,160 per ton, source:
http://www.reuters.com/article/2011/05/03/idUS268406+03-May-2011+MW20110503
Potassium Chloride $537 per ton, source:
http://curiousfarmer.com/2011/03/24/march-2011-fertilizer-prices/
Magnesium Chloride $200 per ton, source:
http://www.alibaba.com/product-free/109350394/Magnesium_Chloride_Crystals_Flakes_Pellets_USP.html
Boric Acid $836 per ton, source:
http://ec.europa.eu/enterprise/sectors/chemicals/files/docs_studies/final_report_borates_en.pdf
Bromine $3,800 per ton, source:
http://www.gulfresourcesinc.cn/news/gulf-resources-reports-fourth-quarter-and-fiscal-year-2010-results.html
This Press Release has been reviewed by Gregory French, CPG
#10708, and a Qualified Person as defined in Canadian National
Instrument 43-101, who is responsible for the preparation of the
technical information in this news release.
About Mesa Exploration
Mesa is developing and exploring a portfolio of mineral
properties in the United States where it controls significant land
holdings. Mesa is advancing the Green Energy Project, a large brine
deposit containing 40% dissolved solids containing Lithium, Potash,
Magnesium, Boron, Bromine and other potentially valuable minerals.
All projects are within proven mining districts with excellent
access and infrastructure. Mesa currently has 14 million shares
issued and outstanding, and no debt. For further information please
visit our website at www.MesaExploration.com.
ON BEHALF OF THE BOARD
MESA EXPLORATION CORP.
Foster Wilson, President and CEO
This news release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, including the likelihood of
commercial mining and possible future financings are
forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors
that could cause actual results to differ materially from those in
forward-looking statements include unsuccessful exploration
results, changes in metals prices, changes in the availability of
funding for mineral exploration, unanticipated changes in key
management personnel and general economic conditions. Mining is an
inherently risky business. Accordingly the actual events may differ
materially from those projected in the forward-looking statements.
For more information on the Company and the risks and challenges of
its business, investors should review the Company's annual filings
that are available at www.sedar.com.
The TSX Venture Exchange has neither approved nor disapproved of
the contents of this news release.
Contacts: Mesa Exploration Corp. Corporate Communications
775-824-4533 info@mesaexploration.com www.MesaExploration.com
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