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LSC Lithium Corp.
Summary
| Project: | Rio Grande | |
|---|---|---|
| Deposit: | Rio Grande | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 2/15/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 15-2-2018: LSC Lithium Corp. announces a Resource Estimation report for its Rio Grande deposit at the Rio Grande project. Initial Mineral Resource for the Rio Grande project. TORONTO, ONTARIO – February 15, 2018 – LSC Lithium Corporation (“LSC” or togethe | |
| Resources: | (Resource, Inf.): 14.138MM m3 total brine for 411.426Kt Li contained at project | |
| CP/QP: | [Resources]: Louis Fourie, Donald H. Hains (Terra Modelling Services Inc.;Independent) | |
| ABSTRACT: | TORONTO, ONTARIO – February 15, 2018 – LSC Lithium Corporation (“LSC” or together with its subsidiaries, the “Company”) (TSXV:LSC) is pleased to announce the issue of its maiden Mineral Resource on its Rio Grande lithium project. This is the second in a series of resource estimates planned for release by the Company this year on its multiple properties. This initial NI 43-101 Mineral Resource estimate includes a total of 2,190,000 tonnes of lithium carbonate (Li2CO3) equivalent (LCE) in the Inferred Mineral Resource category with the top 50m of the deposit amounting to 1,375,435 tonnes grading at 338mg/l Li and the lower 50m to 100m amounting to 814,582 tonnes grading at 410mg/l Li (See Table 1). Lithium grades tend to improve between 50m to 100m below surface and this trend indicates potentially improved grades at depth. The Company’s President & CEO Ian Stalker stated, “The delivery of this large resource down to just 100m depth, which includes over 2M tonnes in the Inferred Resource category, is a significant step forward for the Company in a short period of time. Although large, this resource has the potential to increase in size based on geophysical results indicating greater potential to a depth of 500m+ and will be tested in the next phase of drilling. The Company has made excellent progress in the last six months culminating with the issue of both this resource and also that for Pozuelos in the last two weeks which amounted to 1.29m tonnes LCE in the Measured and Indicated Resource category at an average grade of 387mg/l Li and 312,942 tonnes LCE in the Inferred Resource category at an average grade of 323mg/l Li. 1 The Rio Grande resource is planned to be upgraded to a Measured and Indicated Mineral Resource as soon as possible as LSC will conduct further drilling to test the depth extensions and porosity levels. We look forward to the additional resource estimates for Salinas Grandes and Pastos Grandes in the near and medium term respectively.” | |
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