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Advantage Lithium Corp.
Summary
| Project: | Cauchari | |
|---|---|---|
| Deposit: | Cauchari | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 9/25/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-9-2017: Advantage Lithium Corp. announces an Exploration/Drilling Update report for its Cauchari deposit at the Cauchari project. JV - Downhole pump testing results incl. average lithium brine grade of 682mg/L over 48h. Vancouver, British Columbia, Sep | |
| Resources: | (Resource, Inf.): 230Mm3 brine @ 380mg/l Li, 3700mg/l K | |
| CP/QP: | [Overall Report]: Murray Brooker (Not stated) | |
| ABSTRACT: | Vancouver, British Columbia, September 25, 2017 – Advantage Lithium Corp. (the "Company" or "Advantage Lithium") (TSX Venture: AAL) (OTCQX: AVLIF) is pleased to announce the complete results from sampling over the 48 hour preliminary pumping test on CAU10 in the southeast of the Cauchari JV, where three drill rigs are now expanding the depth and lateral extent of the existing NI43-101 mineral resource dated December 20161 . Advantage has now received all the 30 primary assay results from the preliminary pumping test on well CAU10 installed in the SE sector (see hole location in Figure 1 below) of the Cauchari JV. This well was installed with filter sections between 50 and 340 metres. Results have returned an average lithium grade of 682 milligrams per liter (mg/l) over the period of 48 hours, consistent with the initial average of 678 mg/l over the first 6 hours of this test. This is positive as it confirms lithium grades have been maintained throughout the pumping test, with an excellent Mg/Li ratio averaging 2.2/1 over the 48 hour test period. This lithium concentration and Mg/Li ratio are directly comparable to that defined during exploration at the now producing Olaroz project, 20 km to the north of the Cauchari JV (refer to the NI43-101 Technical Report on the Salar de Olaroz Lithium Potash Project by Houston and Gunn, May 13, 2011). Systematic double-packer sampling of individual filter sections will proceed shortly over the total 340m depth of the developed well. The second rotary drill rig has completed installing hole CAU09, also in the SE sector approximately 2.5km from CAU10, and samples from the preliminary pumping test will be announced when they are to hand in the next few weeks. | |
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