LSC Lithium’s W1-35 well tests at 591 mg/L Li

Stockwatch Daily - - MINES & METALS - Mr. Ian Stalker re­ports

LSC LITHIUM Corp. has com­pleted its phase 1 15-hole drill pro­gram on its 99-per-cent -con­trolled Salar de Pozue­los, Salta prov­ince. The pro­gram was de­signed to eval­u­ate the lithol­ogy and brine chem­istry across the full ex­tent of the salar to depths of up to 200 me­tres. The re­sults of the pro­gram in­di­cate the pres­ence of ex­ten­sive lithium min­er­al­iza­tion across the en­tire salar which cov­ers 10,787 hectares and is 99 per cent con­trolled by the com­pany.

The as­say re­sults show that the salar has ex­cel­lent brine chem­istry, rel­a­tive brine re­lease ca­pac­ity qual­i­ties and the brine val­ues down-hole are con­sis­tent with the sur­face sam­pling re­sults ob­tained pre­vi­ously. These re­sults are also con­sis­tent with high-grade lithium re­sults re­turned from pre­vi­ously an­nounced short- and long-term pump­ing well test re­sults. It is an­tic­i­pated that LSC will re­lease a Na­tional In­stru­ment 43-101 re­source re­port in De­cem­ber based on work com­pleted to date.

Pump test re­sults

• W1-35 short-term stress test: con­sis­tent Li as­says av­er­ag­ing 602 mil­ligrams per litre lithium and mag­ne­sium:lithium ra­tio of 4:1;

• W2-90 short-term stress test: con­sis­tent Li as­says av­er­ag­ing 545 mg/L Li and Mg:Li ra­tio of 5:1;

• W1-35 30-day test: av­er­aged 591 mg/L Li and a con­stant Mg:Li ra­tio of 4:1;

• W2-90 15-day test: av­er­aged 548 mg/L Li and a Mg:Li ra­tio of 5:1.

The phase 1 ex­plo­ration drilling pro­gram, which in­cluded 11 out of 15 planned holes on Salar de Pozue­los, has been com­pleted and the bal­ance of the as­say re­sults for brine packer sam­pling has been re­ceived. Three holes were can­celled due to ground con­di­tions pre­vent­ing ac­cess.

LSC’s pres­i­dent and chief ex­ec­u­tive of­fi­cer, Ian Stalker, stated: “The com­pany has ramped up its ef­forts on the ground and is mov­ing pos­i­tively on the Pozue­los, Sali­nas Grande and Rio Grande projects, as we push to com­plete three NI 43-101-com­pli­ant re­source state­ments by late this year, early next year.

These lat­est re­sults from Pozue­los have con­firmed the com­pany’s ex­pec­ta­tions in terms of the pres­ence of wide­spread, high-grade min­er­al­iza­tion across the Pozue­los salar. These re­sults, which are sup­ported by high-grade well pump test re­sults ac­quired ear­lier in the year, main­tain the sched­ule for the de­liv­ery of the Pozue­los NI 43-101 min­eral re­source re­port, planned for the end of the year. We are pleased with these re­sults as we drive to­ward planned prefea­si­bil­ity stud­ies in 2018. We hope to be able to start pre­lim­i­nary test­ing of these brines us­ing Enirgi Group Corp.’s di­rect ex­trac­tion tech­nol­ogy in late 2017, early 2018."

This work demon­strates the wide­spread na­ture of lithium min­er­al­iza­tion present through­out this large land hold­ing mea­sur­ing 10,787 hectares.

LSC has now mo­bi­lized con­trac­tors to con­duct a five-hole pump­ing well test pro­gram and hy­dro­ge­o­log­i­cal stud­ies to as­sess pump­ing con­di­tions in var­i­ous parts of the Salar de Pozue­los and as­sess bound­ary con­di­tions around the salar. This work pro­gram is an­tic­i­pated to be com­pleted by the end of Novem­ber.

We seek Safe Har­bor.

Karen Bax­ter con­densed this news re­lease (karenb@stock­

Stephen Roland Dat­tels, Trevor J Ey­ton, Robert James Met­calfe, Peter Ham­mond Rob­son, Bryan Ge­orge Syming­ton Smith

(LSC) Shares: 140,265,202

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.