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E3 Metals Corp.
Summary
| Project: | Clearwater | |
|---|---|---|
| Deposit: | Clearwater | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 11/15/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-11-2017: E3 Metals Corp. announces a Resource Estimation report for its Clearwater deposit at the Clearwater project. First Inferred Mineral Resource at Clearwater. Vancouver, BC – November 15, 2017 – E3 METALS CORP. (TSX-V: ETMC, FSE: OU7A, OTC: EEMMF | |
| Resources: | (Resource, Inf.): 1.9Mt (LCE) @ 77.4mg/L Li at Clearwater | |
| CP/QP: | [Resources]: Raymond P. Spanjers, Gordon Macmillan (Independent) | |
| ABSTRACT: | Vancouver, BC – November 15, 2017 – E3 METALS CORP. (TSX-V: ETMC, FSE: OU7A, OTC: EEMMF) (the “Company”, “E3” or “E3 Metals”) is pleased to announce that it has completed its first National Instrument 43-101 (NI 43-101) Inferred Mineral Resource Estimate (the “Resource”) of 1.9 million tonnes lithium carbonate equivalent (LCE) from 4,617,079,087 m3 (4.6 km3 ) of brine formation water at an average grade of 77.4 mg/L for the Central Clearwater Resource Area, located within a portion of the Company’s Clearwater Property. The Resource was prepared for the Company by Raymond P. Spanjers, P.G., of North Carolina, USA, Gordon MacMillan, P.Geol., of Alberta, Canada and Wayne Monnery, P.Eng., of Alberta, Canada, all “qualified persons” within the meaning of NI 43-101 and independent of the Company. The NI 43-101 Technical Report in respect of the Resource will be filed on SEDAR and the Company’s website within 45 days. The Resource is based on a fluid flow 3-dimensional model for a confined aquifer and represents the volume of lithium enriched brine available to be produced from the reservoir. “This is a significant accomplishment for E3 Metals and a milestone for the Company. This Inferred Mineral Resource is the largest Petro-Lithium resource in the world announced to date.” commented E3 Metals’ CEO Chris Doornbos. “I would like to congratulate the team on their hard work and dedication in reaching this milestone and we look forward to progressing the Company forward and continuing to build value into 2018. I would also like to thank the producers for collaborating with us, along with the operators and field staff who conducted the work safely and diligently | |
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