HENDERSON, Nev., April 28, 2016 (GLOBE NEWSWIRE) -- Rostock Ventures Corp. (OTCBB:ROSV) (the "Company") is pleased to announce that it has closed the transaction with Rangefront Consulting, LLC to obtain a 100% interest in the ELON claims in Clayton Valley, Nevada.
The ELON claim block consists of four 20-acre placer claims and is located in Esmerelda County, Nevada, and is contiguous to claims held by both PURE Energy and Lithium X in Clayton Valley. Clayton Valley is home to Albemarle’s Silver Peak Lithium Mine, the only mine producing lithium from brine in North America. Both PURE Energy and Lithium X are actively exploring their respective claim blocks in Clayton Valley.
The Clayton Valley area has been the focus of significant levels of exploration and acreage acquisition in recent months and is considered to be one of the best places for lithium exploration in North America. Greg Rotelli, President of Rostock Ventures recently remarked, “We are pleased to complete this initial acquisition of claims in the very prospective Clayton Valley lithium trend. The Company, with the guidance of its newest board member, Eric Allison, a geologist, is currently developing plans to further evaluate these claims as well as identify additional areas for possible future acquisitions. It is the Company’s intention to grow its acreage position in this very exciting and prospective lithium play.”
Forward-looking Statements:
Some of the statements contained in this press release are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, including the risks and uncertainties related to the progress, timing, cost, and results of technology programs; competition from other companies; and the Company's ability to obtain additional funding required to conduct its activities. Please refer to the company's filings with the Securities and Exchange Commission for a comprehensive list of risk factors that could cause actual results, performance or achievements of the Company to differ materially from those expressed or implied in such forward looking statements. The Company undertakes no obligation to update or revise any forward-looking statements.