Mammoth Energy Group Releases Information on Concentration Levels at Laguna Lagunilla
November 18 2011 - 5:07PM
Marketwired
Mammoth Energy Group Inc. (PINKSHEETS: MMTE), a lithium and
alternative energy mining company, announced today that its wholly
owned subsidiary Compania Lithium Investments Limitada of Chile has
announced its concessions located at Laguna Lagunilla are located
adjacent to one of the leading mining companies in the world.
Historical Lithium concentration levels at Laguna Lagunilla have
averaged from 0.019 - 0.154 g/ml of lithium and from 8.95 - 65.3
g/ml of potassium. Certain geological tests have shown that Lithium
and Potassium concentration levels combined could be up to 5% of
the entire Laguna Lagunilla.
"At Laguna Lagunilla our concessions are located next to one of
the leading global mining players in the world," announced William
Lieberman, President of Mammoth Energy Group. "Unfortunately due to
legal restrictions on press releases we are unable to publicly
announce their name," he added.
Mammoth Energy Group's Compania Lithium Investments Limitada has
already acquired an initial thirteen lithium concessions for a
total of 8,649 acres (3,500 Hectares) in the southern section of
the Salar de Maricunga, seven concessions for a total of 4,695
acres (1,900 hectares) in the Salar de Pujsa, 2,471 acres (1,000
hectares) in the Salar del Laco for a total of over 24,000 combined
acres throughout Chile. The company is currently in acquisition
mode and Compania Lithium Investments Limitada was created to
acquire, develop and explore Lithium and mining assets in Chile on
behalf of Mammoth Energy Group Inc.
About Mammoth Energy Group Inc. (PINKSHEETS: MMTE)
www.mammoth-energy.com Mammoth Energy Group Inc. is focused on
acquiring, developing and operating strategic mining energy
reserves in locations throughout the world. With an ever changing
shift to alternative energy and fuels Mammoth Energy Group will be
prepared to be a leading energy supplier and operator. Mammoth
Energy's goal is to become an important partner as the world's
energy paradigm begins to change throughout the next decade and
beyond.
Forward-Looking Statements This press release may contain
certain forward-looking statements within the meaning of Section
27A of the Securities and Exchange Act of 1933, as amended, and
Section 21E of the Securities and Exchange Act of 1934, as amended,
and such Forward-Looking Statements are intended to be covered by
the safe harbors created thereby. Investors are cautioned that all
forward-looking statements involve risks and uncertainties. All
statements other than statements of historical fact in this
announcement are forward-looking statements, including but not
limited to the viability of the company's business plans, the
effect of acquisitions on our profitability, the effectiveness,
profitability, and the marketability of the Company's products; the
Company's ability to protect its proprietary information; general
economic and business conditions; the volatility of the company's
operating results and financial condition; and other risks detailed
in the Company's filings with the Securities and Exchange
Commission.
These forward-looking statements involve known and unknown risks
and uncertainties and are based on current expectations,
assumptions, estimates and projections about the company and the
industry. The Company undertakes no obligation to update
forward-looking statements to reflect subsequent occurring events
or circumstances, or to changes in its expectations, except as may
be required by law. Although the company believes that the
expectations expressed in these forward-looking statements are
reasonable, management cannot assure the public that their
expectations will turn out to be correct, and investors are
cautioned that actual results may differ materially from the
anticipated results.
Contact: Mr. S. Ahshrup Phone: (212) 613-5453 Email:
info@mammoth-energy.com Web: www.mammoth-energy.com