NECA -Business Description http://www.newamericae
Post# of 102771
[b][u]NECA -Business Description[/u][/b]
http://www.newamericaenergycorp.com/
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The Company is an Exploration Stage Company, our principal business is the acquisition and exploration of mineral resources.On February 3, 2011 we entered into property acquisition agreements with First Liberty Power Corp., and GeoXplor Corp, whereby we we acquired an option, as well as exploration rights, in certain unpatented mining claims located in Southern Utah called the Uravan Property.
The Clayton Ridge lithium project property is located adjacent to the Clayton Valley Playa on the southern extension of the Clayton Ridge Trough. The claim is approximately 5 miles southwest of the Chemetall Foote lithium processing plant Chemetall-Foote Corp's Silver Peak operation, located in Clayton Valley, is the only lithium brine producer in North America and has been in operation since 1966.
The Company intends to explore the property to determine if lithium evaporates and brine deposits have formed at depth similar to those found at Clayton Valley.
In 1979, the U.S. Department of Energy through the U.S. Geological Survey ("USGS") conducted a regional lithium project which included sampling, gravity and seismic surveys on the New America Energy property.
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