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NRG Metals Inc.
Summary
| Project: | Hombre Muerto North | |
|---|---|---|
| Deposit: | Hombre Muerto North | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 6/14/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-6-2018: NRG Metals Inc. announces an Exploration/Drilling Update report for its Hombre Muerto North deposit at the Hombre Muerto North project. Drilling results incl. 200m @ avg 888mg/L Li from 100m. June 14, 2018 / Vancouver, BC / NRG Metals Inc. (“NR | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael Rosko (Montgomery & Associates) | |
| ABSTRACT: | June 14, 2018 / Vancouver, BC / NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) the Company is pleased to report that assays for double packer samples collected over the interval from 100 to 300 meters of the first core have been received, and average 888 mg/L lithium with a relatively low Mg to Li ratio of 3.0 to 1.0. These values are very similar to those returned for the first 100 meters of the hole, indicating the presence of a remarkably consistent high-grade brine. The assay results are shown in the table below. The hole has been completed to the targeted depth of 401 meters, and the drill has been moved approximately 2.2 kilometers to the east where drilling on a second core hole is underway. As of June 12, the hole had advanced to a depth of 151 meters mostly in clastic sediments consisting of poorly consolidated sandstone and conglomerate. José de Castro, Chief Operating Officer of NRG Metals Inc., commented “We are very excited about the outstanding results from our first hole. The results continue to exceed our expectations. These high grades and favorable Mg to Li ratios have the potential to have a very positive impact on any future capital and operating costs should the economic viability and technical feasibility of the project be established. We are very encouraged to see the entry of POSCO from South Korea into the Hombre Muerto basin with their pending $ 280 million purchase of the northern part of the Sal de Vida lithium project from Galaxy Resources Ltd. | |
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