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NRG Metals Inc.
Summary
| Project: | Hombre Muerto North | |
|---|---|---|
| Deposit: | Hombre Muerto North | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 5/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-5-2018: NRG Metals Inc. announces an Exploration/Drilling Update report for its Hombre Muerto North deposit at the Hombre Muerto North project. Drilling results incl. 100m @ avg 905mg/L Li from 0m. May 24, 2018 / Vancouver, BC / NRG Metals Inc. (“NRG” | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael Rosko (Montgomery & Associates) | |
| ABSTRACT: | May 24, 2018 / Vancouver, BC / NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) the Company is delighted to report that double packer samples collected over the first 100 meters of the hole average 905 mg/l lithium with a low Mg to Li ratio of 3.0 to 1.0. The assay results are shown in the table below. Drilling has advanced to a depth of 300.5 meters, and brine is present from the surface to the bottom of the hole. The hole has been drilled almost entirely in clastic sediments consisting of poorly consolidated sandstone and conglomerate. Drilling on the hole is currently being paused to collect brine samples from 300 to 100 meters. Once sampling of this interval has been completed, drilling advance will resume. José de Castro, Chief Operating Officer of NRG Metals Inc., commented “We are very excited about the exceptional results from the initial sampling. The lithium grades and low Mg to Li ratios exceeded our expectations. The 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.” Meanwhile, the rotary hole located 16 meters east of the core hole has advanced to a depth of 174 meters. This hole will be drilled to a depth of up to 400 meters, depending upon the results obtained in the core hole. The rotary hole is being drilled at a diameter of 12 inches, and upon completion, the hole diameter will be enlarged by reaming to a diameter of 17 inches, and 10-inch perforated casing will be installed so that pumping tests can be performed. If the results warrant, this hole can be utilized as a production well. On site geological staff have also confirmed that a pumping well is being drilled by a competitor, approximately one kilometer south of the Tramo property boundary. | |
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