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Lithium Americas Corp.
Summary
| Project: | Thacker Pass | |
|---|---|---|
| Deposit: | Thacker Pass | |
| Location: | United States | |
| Commodities: | Lithium-Potassium-Sodium | |
| Date: | 5/17/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 17-5-2018: Lithium Americas Corp. announces a Resource Estimation report for its Thacker Pass deposit at the Thacker Pass project. Updated mineral resource estimate at Thacker Pass deposit. Lithium Nevada Corp. (LNC), a wholly owned subsidiary of Lithium | |
| Resources: | (Resource, M+I): 385260Kt @ 2917ppm Li | |
| CP/QP: | [Resources]: Timothy Carew, Mario Rossi (SRK Consulting (Canada) Inc.;GeoSystems International Inc.) | |
| ABSTRACT: | Lithium Nevada Corp. (LNC), a wholly owned subsidiary of Lithium Americas Corp. (LAC), is advancing the Thacker Pass Project. The Thacker Pass Deposit is part of the Thacker Pass Project (formerly known as Lithium Nevada Project or Stage I of Kings Valley Project), which is a first-of-its-kind, lithium claystone mining project. The Thacker Pass Project encompasses the mineral claims that were formerly referred to as the Stage 1 area of the Lithium Nevada Project. The claims owned by LNC that are north of the Thacker Pass Project no longer form part of this mineral project. This Technical Report follows a News Release (dated April 5, 2018) detailing an updated Resource Estimate based on further exploration, in accordance with the National Instrument 43-101 for the Standards of Disclosure for Mineral Projects requirements. A Prefeasibility Study is currently in progress and completion is expected by the end of the second quarter 2018. The project has been in active development since 2008, and was operated by WLC until 2015 when it merged with LAC. In March 2016, WLC adopted the LAC name and renamed the Nevada-based subsidiary LNC. Previous NI 43-101 compliant Technical Reports for the Thacker Pass Project were issued in 2014 and 2016 (the 2014 Prefeasibility Study was prepared by Tetra Tech[1] and the 2016 Technical Report prepared by SRK[10] ). The Technical Report, based on a 2,000 ppm (parts per million) Li cut off, issued in 2016 identified 51 million metric tonnes of Measured Resource and 164 million metric tonnes of Indicated Resource for the Thacker Pass Project. An a | |
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