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Lithium Consolidated Mineral Exploration Ltd.

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Summary

Project:

Botswana

Deposit:Botswana
Location:Botswana
Commodities:Lithium
Date:2/27/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:27-2-2018: Lithium Consolidated Mineral Exploration Ltd. announces an Exploration/Drilling Update report for its Botswana deposit at the Botswana project. Drilling results incl. 1m @ 4.1mg/l Li from 15m. Lithium Consolidated Mineral Exploration Ltd (“LCME
Resources:x
CP/QP:[Overall Report]: Jerry Aiken (Independent)
ABSTRACT:Lithium Consolidated Mineral Exploration Ltd (“LCME”) has completed a limited drilling program on Prospecting Licences 264/2016 and 266/2016 situated over the Ntwetwe Pan, in the Makgadikgadi Depression, in northern Botswana. The drilling program was designed to test for the presence of lithium bearing brines. Five holes were drilled for a total of 338m using a down-the-hole hammer air percussion rig. The drilling program was hindered by the early onset of the wet season which caused certain of the preferred drill sites to become inaccessible due to pan surfaces becoming too soft (for the drilling rig). Highly saline groundwater was found in all the holes, with true brines (TDS >100,000 mg/l) in three holes. The SRV-BH/5 hole had the strongest air lift yields of up to 60 m3 /hr, as measured at the drill site. A total of 34 water samples were submitted to X-Lab Earth Science (Pty) Ltd, in Johannesburg, South Africa. Assay results confirmed the presence of hypersaline brines with TDS values up to a maximum of 150,000 mg/l and conductivities up to 163,000 µS/cm. Four samples recorded lithium values in excess of 1.0 mg/L with the highest being 4.1 mg/L. The Prospecting Licenses are believed to be underlain by a lacustrine calcareous sandstonesiltstone unit of Tertiary age and capped by a hard-siliceous sinter layer at surface, based on observations of the rock chip samples from the drilling program.

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