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Lithium Power International Ltd.
Summary
| Project: | Maricunga | |
|---|---|---|
| Deposit: | Cocina, Litio | |
| Location: | Chile | |
| Commodities: | Lithium-Potassium | |
| Date: | 2/15/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-2-2017: Lithium Power International Ltd. announces an Exploration/Drilling Update report for its Cocina, Litio deposit at the Maricunga project. JV - Drilling results incl. 336m @ 975mg/t avg Li, 7273mg/l avg K from 18m. Lithium Power International’s C | |
| Resources: | (historical estimates only) | |
| CP/QP: | [Overall Report]: Murray Brooker (Hydrominex Geoscience Pty Ltd.) | |
| ABSTRACT: | Lithium Power International’s Chief Executive Officer, Martin Holland, commented: “The deep drill hole S19 is a very significant result for the company, demonstrating porous sediments exist below the 200m depth of the resource drilling. This result points to the potential for a long-term mine life at the Maricunga project. The project is a major high grade lithium brine body open at depth and now that the drilling program is complete, the company is working on the resource estimate, in parallel with the environmental impact assessment and process and engineering studies for the project. We look forward to providing updates on these activities as we advance. Furthermore, the company has an extensive international investor roadshow planned from the 27th of February to the 16th of March across Chile, Toronto (PDAC) and USA”. inal assays from the Maricunga drilling program confirm high grade lithium brine is present throughout the Maricunga properties, with hole S19 suggesting the brine body is extensive and continues significantly deeper below the 200m resource drilling. Lithium grades at Maricunga are significantly higher than any other brine project in South America except for that of the producing Atacama, Chile lithium brine project operated by SQM and Albemarle. | |
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