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NRG Metals Inc.
Summary
| Project: | Hombre Muerto North | |
|---|---|---|
| Deposit: | Hombre Muerto North | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 8/23/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-8-2018: NRG Metals Inc. announces an Exploration/Drilling Update report for its Hombre Muerto North deposit at the Hombre Muerto North project. Drilling results incl. 1.5m @ 779mg/L Li, 1801mg/L Mg, 439mg/L B, 8074mg/L K. August 23, 2018 / Vancouver, B | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael Rosko (Montgomery & Associates) | |
| ABSTRACT: | August 23, 2018 / Vancouver, BC / NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) is pleased to report additional assays from the second diamond drill hole at the Hombre Muerto North lithium project. The samples were taken from depths ranging from 91.0 to 230.5 m below surface, and these assays range from 779 to 507 mg/L lithium with low Mg to Li ratios ranging from 2.3 to 3.0. The average for the entire hole is 638 mg/L Lithium with a Mg to Li ratio of 2.65 to 1.0. The assay results for the additional samples are shown in the following table. Host rocks are mainly poorly-consolidated sandstone from surface to 77 m, followed by a layer of compact halite from 77 to 139 m, poorly-consolidated sandstone from 139 to 166 m, and then intercalated halite and sandstone to 230.5 meters. The sample interval is not regular because it was difficult to collect samples due to caving of the hole. Nevertheless, these results confirm that brine containing high lithium grades is present from the surface to a depth of at least 230 m, the depth of the deepest sample. Based upon these encouraging results, management decided to drill a second pumping well adjacent to this core hole. Equipment has been moved into place, and the contractor has commenced drilling to an anticipated target depth of 400 meters. Jose de Castro, COO of NRG Metals Inc., commented, “we are extremely enthusiastic about the diamond drilling results, as well as the results from the pumping well. These results demonstrate the presence of high-grade lithium bearing brine across the breadth of our Tramo property. We look forward to completing the second pumping well and to fast tracking the project to production.” | |
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