TORONTO, ONTARIO–(Marketwire – June 17, 2010) – Rodinia Minerals Inc. (“Rodinia” or the “Company”) (TSX VENTURE:RM)(PINK SHEETS:RDNAF)(OTCQX:RDNAF), is pleased to announce the advancement of its exploration program at its Salar de Diablillos lithium-brine project in Salta, Argentina (“Diablillos”). “We are encouraged by our ability to define a high-grade lithium-potash zone with our auger drill exploration program and are excited to commence the next phase of exploration at Diablillos” remarked William Randall, President and CEO of Rodinia. “Starting our first standard reverse circulation (“RC”) drill program at Diablillos marks another key milestone for the Company and one, we anticipate, may provide significant support in establishing a NI 43-101 compliant resource estimate for the property.” (See Press Releases dated March 1, April 20, and May 26, 2010 for auger drill results at Diablillos). Rodinia has engaged Quantec Geoscience Argentina S.A., a subsidiary of Quantec Geoscience Ltd. of Toronto, Canada to conduct a gravity survey of the Diablillos property and the Company anticipates receiving this analysis before finalizing the initial drill targets.
In addition, the Company has awarded the contract for drilling at Diablillos to Compania Argentina de Perforaciones S.A., a reputable drill supply and contracting company in Argentina. The mobilization of the drill is expected to commence shortly. All drilling and environmental permits in support of the drill campaign are in place, as are access agreements with surface land holders.
Raymond P. Spanjers, MSc. (Geology), Rodinia’s Manager of Exploration will be running the drill program at Diablillos. Mr. Spanjers, a licensed Professional Geologist, has 29 years experience in industrial mineral exploration, plant and mine management. Prior to joining Rodinia, Mr. Spanjers spent 10 years with FMC Lithium Division where he explored for lithium brine deposits in Nevada and the Andean Puna of Argentina to identify potential production sites. Mr. Spanjers has also spent time exploring for and mining lithium deposits of spodumene pegmatites in the King’s Mountain Belt of North Carolina. He also oversaw the Company’s last drill campaign on its Clayton Valley Project in Nevada, USA.
Mr. Spanjers and his team in Argentina will explore across the entire salar with up to 32 drill holes using a standard RC drill rig. It is anticipated that initial drill targets will be prioritized based on an extensive review of the previously completed auger drill samples and the gravity survey to be received from Quantec Geoscience. The Company anticipates drilling under this program to occur to depths between 50 and 250 metres. All exploration and drilling initiatives undertaken by Rodinia are supervised by William Randall, MSc (Geology), the President and CEO of Rodinia. Mr. Randall is a qualified person, as defined by National Instrument 43-101, and he has reviewed and approved the scientific and technical information in this release. According to the Company’s sampling protocol, sample size is to exceed 300 millilitres and be stored in clean, secure containers for transportation. The prepared samples are then forwarded to the ALS Laboratory Group, Environmental Division, in Fort Collins, CO (USA) for analysis. A rigorous QA/QC program is implemented consisting of regular insertion of standards and blanks to ensure laboratory integrity.
About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration company with a primary focus on lithium exploration and development in North and South America. The Company is positioned to capitalize on the expected increase in demand for lithium carbonate that is projected to result from the anticipated paradigm shift to mass adoption and use of key lithium applications like lithium-ion batteries as well as glass ceramics, greases, pharmaceuticals etc. Rodinia is currently exploring its Clayton Valley project in Nevada, USA, which surrounds the only lithium-brine producer in North America, and its Diablillos project in Salta, Argentina.
Please visit the Company’s web site at www.rodinialithium.com or write us at email@example.com. Follow us on Twitter: http://twitter.com/RodiniaLithium.
Except for statements of historical fact contained herein, the information in this press release constitutes “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “may”, “will” and include without limitation, statements regarding the impact of the drill program at the Diablillos property; the potential of the Company’s projects; the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, permitting, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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