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NRG Metals Inc.
Summary
| Project: | Hombre Muerto North | |
|---|---|---|
| Deposit: | Hombre Muerto North | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 10/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-10-2018: NRG Metals Inc. announces a Resource Estimation report for its Hombre Muerto North deposit at the Hombre Muerto North project. Additional information regarding previous mineral resource estimate. October 3, 2018 / Vancouver, BC / NRG Metals In | |
| Resources: | (Resource, M+I): 141798m3 brine @ 756mg/l Li contained at Hombre Muerto North | |
| CP/QP: | [Resources]: Michael Rosko (Montgomery & Associates) | |
| ABSTRACT: | October 3, 2018 / Vancouver, BC / NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) is pleased to provide additional information regarding the maiden lithium (Li) and potassium (K) resource statement for its Hombre Muerto North lithium brine project in the Salta province of Argentina. The average grade of lithium for the 571,000 tonne combined Measured and Indicated resource (509,000 measured and 62,000 indicated) is 756 mg/liter lithium, with a low lithium to magnesium ratio of 2.6 to one. We provided the NI 43-101 resource statement in Table 1 of our October 2, 2018 press release, and we have reproduced Table 1 below with the inclusion of grade data for lithium and potassium. We refer the reader to our October 2, 2018 press release for detailed information about the resource estimate. As we reported in a press release dated September 21, initial pumping tests from our first pumping test well (TWW18-01) located on the eastern side of the property indicated an average pumping rate of 25 liters per second of brine. We have completed pumping tests on the second pumping test well (TWW18-02), located approximately 2.1 kilometers west of the first pumping well, and we are pleased to report that the initial results from the second pumping well indicated an average pumping rate of 20 liters per second of brine. Both tests were conducted over a period of 72 hours. The capacity of the pump used for the pumping tests for both holes was limited, and we expect that the pumping rates will be exceeded with a larger pump. | |
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