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NRG Metals Inc.
Summary
| Project: | Carachi Pampa | |
|---|---|---|
| Deposit: | Carachi Pampa | |
| Location: | Argentina | |
| Commodities: | Lithium-Potassium | |
| Date: | 2/16/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-2-2017: NRG Metals Inc. announces a Supporting Acquisition report for its Carachi Pampa deposit at the Carachi Pampa project. Summary of property in support of acquisition. The author was requested by NRG Metals Inc. (“NRG”) to assess the technical mer | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nivaldo Rojas (Rojas y Asociados Mining Consultants ) | |
| ABSTRACT: | The author was requested by NRG Metals Inc. (“NRG”) to assess the technical merits for lithium and potassium exploration at its Carachi Pampa Lithium Project (“Project”), located in the Carachi Pampa basin in the high elevation Puna region of Catamarca province, northwestern Argentina. The Project lies within the Lithium Triangle of South America, which encompasses parts of the basins and ranges throughout the Andean Puna Region of Argentina, Bolivia, and Chile, where closed basins have allowed development of a number of lithium and potassium brine deposits. The Project is located 282 Km northwest of the provincial capital of Catamarca and some 340 Km westnorthwest of Caldera in the 3rd Region of Chile, which is the closest commercial sea port on the Pacific Ocean. Access to the Project from the city of Catamarca totals 562 Km by paved roads, including 30 Km of good dirt roads. Travel time is about seven hours. From Copiapó, Chile, access is by well-maintained dirt and paved roads totalling 960 Km. Driving time from Copiapó is about 15 hours. The Project consists of two rectangular mining properties known as Beatriz (3,004 hectares), which is registered to Enrique Perez-Antich and Rinaldo N. Herrera and Luz María (3,383 hectares), which is registered to Crydon S.A. The properties are duly registered at the Juzgado Electoral y de Minas of Catamarca. Both properties are free and clear from any liens, charges or encumbrances. NRG has signed separate Letters of Intent with both owners, which give NRG the right to enter into Exploration and Option to Purchase Agreements subject to satisfactory completion of due diligence and making a series of payments set forth in the Letters of Intent. | |
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