LithiumOre Issue Executive Summary for April 2019
INCLINE VILLAGE, NV / ACCESSWIRE / April 2 , 2019 / LithiumOre ( http://lithiumore.net ) (the ″Company″), a wholly-owned subsidiary of Oroplata Resources, Inc. (OTCQB: ORRP ), a lithium resource exploration and development company, is pleased to provide an Executive Summary for shareholders for April 2019.
We are very pleased to announce that our first exploration and production drill is expected to begin mid-April. This is the culmination of years of careful planning and preparation. Our drilling team, Welsco Corp, has 50 years of experience conducting geothermal, water well, and mineral exploration. Our lead driller, George Scheid, currently serves as Senior Driller Project Manager at Teton Energy Services and brings more than 30 years of experience managing onsite drilling operations in the exploration, petroleum, and mining industry. Our whole team is excited to begin making tangible advances towards our big picture goals.
Key Geophysical Survey In Progress
What is a geophysical survey?
The scientific collection of data regarding physical processes and properties of the Earth for reports about specific areas.
Who is doing it?
Zonge International, a provider of field services, equipment and consulting to geoscientists worldwide.
Where is it being done?
The deepest part of the Railroad Valley Basin as defined by gravity and historic oil wells.
Why is a geophysical important?
Data will be combined with existing gravity, seismic, and oil well geophysical surveys to refine targets for future drilling.
LithiumOre is a wholly owned subsidiary of Oroplata Resources, a premier battery metal exploration and development company based in Nevada. The company is focused on its Railroad Valley battery metals project in Nevada with the goal of becoming a substantial domestic supplier of battery metals to the increasing electric vehicles and battery storage markets in America.
Currently trading on: OTCQB (ORRP)
Shares Outstanding: 114,218,092
Shares Restricted: 59,760,000
(per OTC Markets, March 28, 2019)
930 Tahoe Blvd., Suite 802-16
Incline Village, NV, 89451
LithiumOre ( http://lithiumore.net ), a wholly-owned subsidiary of Oroplata Resources, Inc. (OTCQB: ORRP ), is a lithium resource exploration and development company, whose primary focus is the establishment of a low cost production base to supply the rapidly growing lithium-ion battery industry for both mobile devises and laptops, as well as the burgeoning EV (electronic vehicle) industry. LithiumOre is focused on becoming a substantial, profitable lithium producer via the timely development of valuable production-grade lithium brine deposits in Nevada.
For more information, please visit: http://lithiumore.net
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including those with respect to the expected project economics for Western Nevada Basin (Railroad Valley), including estimates of life of mine, average production, cash costs, AISC, initial CAPEX, sustaining CAPEX, pre-tax IRR, pre-tax NPV, net cash flows and recovery rates, the impact of self-mining versus contract mining, the timing to obtain necessary permits, the submission of the project for final investment approval and the timing of initial gold production after investment approval and full financing, metallurgy and processing expectations, the mineral resource estimate, expectations regarding the ability to expand the mineral resource through future drilling, ongoing work to be conducted at the Western Nevada Basin (Railroad Valley), and the potential results of such efforts, the potential commissioning of a Pre-Feasibility study and the effects on timing of the project, are “forward-looking statements.” Although the Company’s management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, interpretations or reinterpretations of geologic information, unfavorable exploration results, inability to obtain permits required for future exploration, development or production, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices, final investment approval and the ability to obtain necessary financing on acceptable terms or at all. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company’s filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended September 30, 2018. The Company assumes no obligation to update any of the information contained or referenced in this press release.
SOURCE: Oroplata Resources