Great American Energy, Inc. Management Attend 5th Lithium Supply & Markets
Conference in Las Vegas, Visit Nevada-Based Lithium Project & Nearby
DENVER -- February 11, 2013
Great American Energy, Inc. (OTCBB: SRBL) ("Great American Energy" and/or "the
Company") is pleased to announce the management attended the 5^th Lithium
Supply & Markets industry conference in Las Vegas from January 29-31, 2013.
During the conference, the management team visited the Company's Big Smoky
Valley (BSV) lithium property in Nevada on January 29, 2013. The BSV lithium
project's 48 unpatented placer mining claims comprise ~7,680 acres (~3,108
hectares) adjacent to Clayton Valley's lithium deposit. The Clayton Valley
brines have some of the highest lithium content of brines anywhere in the
world, and the valley's deposit may exceed 700 million kg (Source:
Following the site visit, Great American Energy's management also visited the
adjacent Silver Peak Mine in Clayton Valley, America’s only producing lithium
mine, operated by Chemetall Foote, a subsidiary of Rockwood Holdings, Inc. The
Silver Peak Mine has been producing for over 40 years at a rate of ~5,000
lithium carbonate equivalent (LCE) tonnes per year. The lithium-bearing
rhyolites (i.e., fine-grained extrusive volcanic rock) contained in the
surrounding playa floor are among the richest in the world according to US
Geological Survey (USGS) information.
According to a National Instrument 43-101 compliant technical report (Coast
Mountain Geological Ltd, Sept. 2009) on what is now Great American Energy's
Big Smoky Valley lithium property, the BSV property represents similar geology
to that of the Silver Peak Mine in the adjoining Clayton Valley.
Among the themes explored at the 5^th Lithium Supply & Markets conference were
developments in end user markets (including the outlook for vehicle
electrification and its potential impact on the lithium demand for auto
batteries); the current exploration and production state (including status of
projects in development and the use of numerical modeling for reserve
estimation); and recent industry mergers (including Lithium 1 and Galaxy
Resources, and Tallison and Rockwood).
Great American Energy's CEO, Felipe Pimienta, commented: "Attending the
Lithium Supply & Markets conference was another reminder of just how much
industry demand for lithium is growing. It was very encouraging. And, as
always, visiting our Big Smoky Valley property and seeing the signs of proven
production so nearby further drove home the true potential of our lithium
property. Our visit also highlighted the further significance of our lithium
project's location, from Nevada being one of the top mining jurisdictions in
the world, to all the surrounding infrastructure, the extensive room for
evaporation ponds, and even our close proximity to lithium battery and
hybrid/electric vehicle manufacturers in California and others in the US and
Learn more about the Big Smoky Valley lithium project, the Company, and its
recent news at Great American Energy’s website:
ABOUT GREAT AMERICAN ENERGY, INC.
Great American Energy, Inc. is a publicly traded (OTCBB: SRBL) mineral
exploration and development company focused on supporting America’s growing
clean energy and clean tech industries. Based in Denver, Colorado, Great
American Energy is dedicated to responsibly identifying, acquiring and
developing mineral assets in America and US-friendly countries. The Company’s
portfolio of projects currently targets lithium and rare earth element
production, both of which are essential to America's clean energy and clean
tech industries. For more information on the Company and its activities, visit
Great American Energy’s website at http://www.gamericanenergy.com.
ON BEHALF OF THE BOARD OF DIRECTORS,
Great American Energy, Inc.
Felipe Pimienta, CEO
999 18th Street
This press release includes certain statements that are forward-looking in
nature and that involve a number of uncertainties and risks. Such
forward-looking statements are within the meaning of that term in Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. The forward-looking statements in this press
release are based on Great American Energy, Inc.'s current expectations and
projections regarding future events, which are based on currently available
information. The forward-looking statements in this press release may also
include statements relating to Great American Energy Inc.'s anticipated new
developments, business prospects, financial performance, strategies and
similar matters. Great American Energy, Inc. disclaims any obligation to
update any of its forward-looking statements, except as may be required by
1. Big Smoky Valley Lithium Project executive summary, GeoXplor Corp.
2. Coast Mountain Geological Ltd., Canadian National Instrument 43-101 Report,
Sept. 2009. (as cited in GeoXplor Corp. executive summary).
Great American Energy, Inc.
Felipe Pimienta, CEO
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