NRG Met­als sam­ples 229 mg/L Li at Salar Es­con­dido

Stockwatch Daily - - MINES & METALS - Mr. Adrian Hobkirk re­ports

NRG MET­ALS Inc. has dis­cov­ered lithium at the Salar Es­con­dido lithium project in Cata­marca prov ince , Ar­gentina. Con­sis­tent with the com­pany’s geo­phys­i­cal data and ge­o­log­i­cal model, the tar­get zone of sed­i­ments sat­u­rated with brine that could contain lithium was in­ter­sected, and the first lithium val­ues from near the top of the brine are very en­cour­ag­ing as shown in the at­tached ta­ble.

(See NGZ Ta­ble 1 on page 16)

The sam­ples, which were col­lected with a sin­gle packer, were an­a­lyzed by the Alex Ste­wart lab­o­ra­tory in Ju­juy, Ar­gentina. Alex Ste­wart em­ployed in­duc­tively cou­pled plasma op­ti­cal emis­sion spec­trom­e­try (ICP-OES) as the an­a­lyt­i­cal tech­nique for the pri­mary con­stituents of in­ter­est, in­clud­ing those shown in the at­tached ta­ble.

Adrian Hobkirk, chief ex­ec­u­tive of­fi­cer of NRG Met­als, com­mented: “We are very ex­cited with the ini­tial re­sults from near the top of the brine zone at Salar Es­con­dido. These re­sults prove the concept that there is a buried salar that con­tains lithium at Salar Es­con­dido. Fur­ther­more, the mag­ne­sium/lithium ra­tio is rel­a­tively low at 4.6, which is very en­cour­ag­ing. We are hope­ful that lithium grades will in­crease at deeper lev­els, which is the case in many salars in Ar­gentina. We look for­ward to con­tin­u­ing the ex­plo­ration at Salar Es­con­dido to fully as­sess and de­lin­eate this dis­cov­ery.”

The drill hole has in­ter­sected weakly con­sol­i­dated sand­stone and un­con­sol­i­dated sand hori­zons with oc­ca­sional con­glom­er­ate and clay lay­ers from a depth of 113 me­tres to 176 me­tres, as well as pre­dom­i­nately poorly con­sol­i­dated con­glom­er­ate with oc­ca­sional clay lay­ers be­low 176 me­tres. Sa­line brine is present be­low a depth of 140 me­tres. As of Dec. 5, 2017, the hole had reached a depth of 221 me­tres, and the com­pany is plan­ning to ex­tend the hole to a depth of 350 me­tres.

The Salar Es­con­dido is a large basin, roughly 20 kilo­me­tres by 40 kilo­me­tres in size, which is mostly cov­ered by a se­ries of over­lap­ping al­lu­vial fans. NRG’s tech­ni­cal team be­lieves that a large salar with an area of at least 700 square kilo­me­tres had de­vel­oped in the basin ap­prox­i­mately two mil­lion years ago. Af ter the salar was formed, it was buried by co­a­lesc­ing al­lu­vial fans and it is thus con­sid­ered to be a pa­leo-salar, hence the name Salar Es­con­dido, which means hid­den salar in Span­ish.

About NRG Met­als Inc. NRG Met­als is an ex­plo­ration-stage com­pany fo­cused on the ad­vance­ment of lithium brine projects in Ar­gentina. In ad­di­tion to the Salar Es­con­dido lithium project, the com­pany is evaluating the 3,287-hect are Hom­bre Muerto North lithium project in the prov­ince of Salta. Hom­bre Muerto North is lo­cated at the north­ern end of the pro­lific Hom­bre Muerto salar, ad­ja­cent to FMC’s pro­duc­ing Fenix mine and Gal­axy Re­sources’ Sal de Vida de­vel­op­ment-stage project. The com­pany has filed an en­vi­ron­men­tal im­pact study and ap­plied for per­mits to drill Hom­bre Muerto North and ap­proval is pend­ing. A Na­tional In­stru­ment 43-101 tech­ni­cal re­port on Hom­bre Muerto North was filed on SEDAR on Oct. 16, 2017.

On-site qual­ity as­sur­ance and qual­ity con­trol (QA/QC) were su­per­vised by Wil­liam Fey­er­abend, a cer­ti­fied pro­fes­sional ge­ol­o­gist and a qual­i­fied person un­der NI 43-101. All sam­ples were col­lected in 500-millil­itre plas­tic bot­tles with sam­ples num­bers clearly iden­ti­fied, and NRG staff trans­ported the sam­ples to the Alex Ste­wart lab­o­ra­tory. Mea­sure­ments in the field in­cluded pH, con­duc­tiv­ity, tem­per­a­ture and den­sity, and the field mea­sure­ments were con­sis­tent with the same mea­sure­ments made in the lab­o­ra­tory by Alex Ste­wart. Du­pli­cate and blank sam­ples were in­serted into the sam­ple batch, and the re­sults were sat­is­fac­tory. Mr. Fey­er­abend su­per­vised and ap­proves the sci­en­tific and tech­ni­cal dis­clo­sure con­tained in this press re­lease.

We seek Safe Har­bor.

Allen Ver­non Am­brose, Jose Gus­tavo de Cas­tro Alem, James Ken­neth Duff, Adrian Fred­er­ick C Hobkirk, Gor­don Ken­neth Neal, Fer­nando E Vil­lar­roel

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