Brian Buchanan, President of Spire stated, "We are pleased that final acceptance has been attained on our lithium prospect. Management feels that lithium will be a commodity in greater demand in the future and, therefore, felt it prudent to acquire a sizeable contiguous block of prospective lithium property at this time."
New Demand for Lithium
For many years, the majority of lithium compounds and minerals were used in the production of ceramics, glass and primary aluminum. Rapid growth in lithium battery use has resulted in batteries gaining significant market share, and rechargeable lithium-ion and lithium-polymer batteries appear to have the greatest potential for growth.
The Merritt, BC, Canada, Prospect Valley Gold Property, under option to Altair Ventures Ltd., continues to move forward with the winter exploration program and on going data analysis. To date, over 8 target areas have been identified. The majority of these targets are located in the centre of the claim block along a prominent north-northeast trending linear zone that includes the Discovery South Zone and the Discovery North Zone. Some of these are considered priority targets for planned 2010 drilling program on the Prospect Valley Gold Property.