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Neo Lithium Corp.
Summary
| Project: | 3Q | |
|---|---|---|
| Deposit: | 3Q | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 4/8/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-4-2019: Neo Lithium Corp. announces an Exploration/Drilling Update report for its 3Q deposit at the 3Q project. Drilling results incl. 137.6m @ 1128mg/l Li. TORONTO, April 08, 2019 -- Neo Lithium Corp. (“Neo Lithium” or the “Company”) (TSXV: NLC; OTCQX: | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Waldo Perez (Internal) | |
| ABSTRACT: | TORONTO, April 08, 2019 -- Neo Lithium Corp. (“Neo Lithium” or the “Company”) (TSXV: NLC; OTCQX: NTTHF; FSE: NE2) is pleased to announce that Hidrotec SA completed Drill Hole PP25-R-1 down to 167 metres and a long-term pump test has been completed in its wholly-owned Tres Quebradas lithium brine project ("3Q Project") in Catamarca Province, Argentina. Drill hole PB1-R-24 is located in the high-grade zone of the 3Q Project. The rocks found in the hole are porous halite, sands and gravels from the surface to the bottom of the hole. The hole was stopped at 160 metres depth due to technical difficulties drilling loose gravel. The hole was finished with 8 inches diameter PVC filters from 16 metres all the way to the bottom of the well. Sampling was done with a pumping rate of 11 m3 /h and 5 brine samples were collected during 6 hours of pumping. The average lithium grade of the 137.6 meters that were pumped was 1,128 mg/l Li. The Magnesium/Lithium ratio is 1.6 and the Sulfate/Lithium is 0.18. The location of the drill hole is available on the Company’s web site at: http://www.neolithium.ca/project/default.aspx#section=maps "The high-grade zone in the northern end of the 3Q project has been drilled in the past down to only 100 metres with PB-R-18. Results of the new hole, PB-1-R24 extends the high-grade zone down to 160 metres," said Waldo Perez, President and CEO of Neo Lithium. "We will continue our efforts to extend the resource of the high-grade zone at depth in order to hopefully increase high grade reserves at the final feasibility stage." | |
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