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Neo Lithium Corp.
Summary
| Project: | Tres Quebradas | |
|---|---|---|
| Deposit: | Tres Quebradas | |
| Location: | Argentina | |
| Commodities: | Lithium-Potassium | |
| Date: | 6/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-6-2018: Neo Lithium Corp. announces an Exploration/Drilling Update report for its Tres Quebradas deposit at the Tres Quebradas project. Drilling results incl. 569m @ 634mg/L Li, 6655mg/L K from 18m. TORONTO, June 18, 2018 -- Neo Lithium Corp. (“Neo Lit | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Waldo Perez (Internal) | |
| ABSTRACT: | TORONTO, June 18, 2018 -- Neo Lithium Corp. (“Neo Lithium” or the “Company”) (TSXV:NLC) (OTCQX:NTTHF) is pleased to announce that the Company has completed the 2017-2018 3Q Project drilling season with a total of 4,345 metres of diamond drilling and 2,056 metres of rotary drilling, an increase of 50% in drilled metres compared to the previous season. The objective of the drilling was to upgrade and expand the previously reported resource calculation by in-fill drilling and also drilling into the deeper parts of the basin after a seismic survey indicated that there could be deep aquifers down to 600-800 metres. Please visit the Company’s web site for location of the holes (http://www.neolithium.ca/project/default.aspx#section=maps). “We expanded the drilling program this current season with tremendous success,” stated Waldo Perez, President and CEO of Neo Lithium. “Not only did we drill the highest-grade hole ever at the 3Q project this year, but also doubled the depth of the known mineralization.” The drill hole PB1-R-18 tested the upper sedimentary units under the 3Q northern lake formed by sands and conglomerates. Hole PP1-R-19 was drilled outside of the salar basin in an effort to study the extension of lithium rich brine outside the salar. y. Results show that the grade improves at depth. For example, PP1-D-17 runs from 18 to 587 metres at an average of 627 mg/L Lithium and from 479 to 587m at an average of 662 mg/L Lithium. This 10% increase in grade in the deeper aquifer is common in most holes. Hole PP1-D-20 was drilled outside of the salar basin to study the extension of lithium brine outside the salar. | |
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