Rodinia Lithium Provides Update on the Salar de Diablillos Project
Rodinia Lithium Inc. (RM.V) is down 2 cents or 6% at 31 cents after providing an update on progress at its Salar de Diablillos project located in Salta Province, Argentina. It said diamond drilling on the Salar commenced during the first week of July and has successfully confirmed the dominant lithologies identified by the company's extensive reverse circulation drilling campaign. The vast majority of the lithologies intersected during diamond drilling have been sand and gravel. Both of these units tend to produce acquifers with high specific yield values and are seen by management as favourable for production wells.
In addition, the company announced that drilling and installation of the first pump test well is complete. The first pump test will take place at the site where D-RC-16 was drilled. Two of three planned monitoring wells have also been drilled and are in the process of being screened.
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