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Lithium X Energy Corp.
Summary
| Project: | Sal de los Angeles | |
|---|---|---|
| Deposit: | Sal de los Angeles | |
| Location: | Argentina | |
| Commodities: | Lithium-Potassium-Boron | |
| Date: | 8/30/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 30-8-2016: Lithium X Energy Corp. announces a Resource Estimation report for its Sal de los Angeles deposit at the Sal de los Angeles project. Updated mineral resource estimate for recently acquired Sal de los Angeles project. The Sal de los Angeles Proje | |
| Resources: | (Resource): 0.19Mt Li, 2.14Mt K, 0.22Mt B (Ind.) and 0.19Mt Li, 2.07Mt K, 0.23Mt B (Inf.) contained | |
| CP/QP: | [Resources]: Frederik Reidel (FloSolutions-Chile) | |
| ABSTRACT: | The Sal de los Angeles Project, that covers the vast majority of Salar de Diablillos, is an advanced exploration stage brine project that is characterized by elevated lithium, potassium, and boron hosted in a high altitude salar, or evaporitic basin. On March 3, 2016 Lithium X Energy Corporation (TSX.V: LIX) (LiX) entered into an agreement with Aberdeen International Inc (TSX: AAB) to acquire up to 80% of Potasio y Litio de Argentina (PLASA), which owns 100% of the Sal de los Angeles Project. The company intends to develop the project from resource through to feasibility using a combination of extraction wells and surface ponds to produce concentrated brine. The first step, which is the subject of this technical report, is to integrate historical brine geochemical analyses with historical and more recent hydrogeologic data in order to provide an updated mineral resource estimate. Recommendations for advancing the project are also included as part of this technical report. The Sal de los Angeles property is located in the Puna region of northwest Argentina, approximately 145 km southwest of the city of Salta, a few kilometers north of the border between the Provinces of Salta and Catamarca, Argentina. The property area lies entirely within the Province of Salta. Centroid coordinates for the Project are approximately 726,800 E and 7,206,050 N (Universal Transverse Mercator (UTM) system, WGS84 Zone 19 South). | |
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