NRG Metals samples 229 mg/L Li at Salar Escondido
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
(NGZ) Shares: 102,484,135