Bacanora Minerals Ltd. (TSXV:BCN) staked an additional concession of 900 hectares, adjacent to its La Ventana concession, and a further three concessions of 2,020 hectares adjacent to the El Sauz and Fleur concessions. The staking of these additional concessions was made in order to cover ground to the east and south of existing concessions where management believes there is the possibility to find down-dip eastward extensions of the of the lithium-bearing clay units found on Bacanora’s La Ventana concession, as well as the El Sauz and Fleur Concessions.
As quoted in the press release:
With the addition of the La Ventana 1 concession, total acreage under concessions owned 100% by Bacanora (being La Ventana, La Ventana 1 and San Gabriel) now totals 3,290 hectares. With the addition of additional acreage adjoining the El Sauz and Fleur Concessions (all of which is subject to the joint venture between the Company and Rare Earth Minerals Plc. (“REM”), pursuant to which REM has an option to earn up to a 49.9% interest) (such lands are collectively referred to as the “Joint Venture Lands”)), the total acreage under the Joint Venture Lands now totals 5,325 hectares.