For thousands of other reports visit RSC's Mineral Intellingence Map
LSC Lithium Corp.
Summary
| Project: | Pozuelos | |
|---|---|---|
| Deposit: | Pozuelos | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 11/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-11-2018: LSC Lithium Corp. announces a Resource Estimation report for its Pozuelos deposit at the Pozuelos project. Updated mineral resource estimate at the project. TORONTO, ONTARIO – November 27, 2018 – LSC Lithium Corporation (“LSC” or together with | |
| Resources: | (Resource, M+I): 8973203m3 @ 505mg/L Li for 1678000t LCE contained at Pozuelos | |
| CP/QP: | [Resources]: Donald H. Hains (Hains Engineering Compnay Ltd.) | |
| ABSTRACT: | TORONTO, ONTARIO – November 27, 2018 – LSC Lithium Corporation (“LSC” or together with its subsidiaries, the “Company”) (TSXV:LSC) is pleased to announce an updated resource estimate (“Resource Estimate”) for its Pozuelos Project in Salta Province, Argentina. The updated NI 43-101 Mineral Resource Estimate has increased the Measured and Indicated Resource to 1,678,000 tonnes of lithium carbonate (Li2CO3) equivalent (“LCE”) and the Inferred Resource to 631,000 tonnes of LCE. This is an increase of 29% in the Measured and Indicated Resource category and 27% in the Inferred Resource category compared to the previous Resource Estimate dated February 28, 20182 . The average grades from the salar have also increased by 30% in the Measured and Indicated category from 387mg/l to 505mg/l and by 52% in the Inferred category from 340mg/l to 518mg/l. Ian Stalker, President and CEO of the Company, noted, “We are extremely pleased with the updated Mineral Resource Estimate on the Pozuelos Project. This is a huge milestone for LSC and is a great announcement ahead of our anticipated PEA. The updated Resource Estimate emphasises the potential of the jointly developed Pozuelos-Pastos Grandes Project with the impressive size of the Resource. The PPG Project now has a combined Resource of 2,617,000 tonnes LCE in the Measured and Indicated category and 938,500 tonnes LCE3 in the Inferred category which will be used in the anticipated PEA based on a target production rate of 20,000tpa lithium carbonate. Our targeted 20,000tpa of lithium carbonate production in 2021 may indeed be only the beginning for this impressive inventory when we combine both salars.” Hains Engineering Company Limited and Hains Technology Associateslocated in Toronto, Ontario, Canada were engaged to prepare the pdated Mineral Resource Estimate for LSC’s Pozuelos Project and also to prepare the Technical Report in accordance with National Instrument 43-101 - Standards and Disclosures for Mineral Projects. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report