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Neo Lithium Corp.
Summary
| Project: | Tres Quebradas | |
|---|---|---|
| Deposit: | Tres Quebradas | |
| Location: | Argentina | |
| Commodities: | Lithium-Potassium | |
| Date: | 3/20/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-3-2017: Neo Lithium Corp. announces an Exploration/Drilling Update report for its Tres Quebradas deposit at the Tres Quebradas project. Drilling results incl. 200m @ 683mg/L Li, 5960mg/L K from 0m . Neo Lithium Corp. (“Neo Lithium” or the “Company”) (T | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Waldo Perez (Internal) | |
| ABSTRACT: | Neo Lithium Corp. (“Neo Lithium” or the “Company”) (TSXV: NLC) is pleased to report drill geochemical, and porosity results from its ongoing drilling program at the Tres Quebradas lithium brine project (“3Q Project”) in Catamarca Province, Argentina. The main target of the 3Q Project until now has been known as the Northern Target, an area originally identified by surface sampling with an average lithium concentration of 895 mg/L and potassium concentration of 7,694 mg/L, and very low critical impurities, that extends over an area covering 4 km by 14 km (please refer to Neo Lithium's press release on July 20th, 2016 and the Company's current technical report). On February 28, 2017, the Company issued a news release providing an update concerning drill results outside the Northern Target, over areas with low lithium content on surface but with significant lithium grades at depth (192 metres with 528 mg/L lithium and 4,797 mg/L potassium with a ratio of Mg/Li=2.6 and Sulfate/Li=0.63). Following these results, the Company extended the drill program south of the Northern Target, defining a new Southern Target with four more platforms and eight holes to be drilled at approximately 300 metres depth. The purpose of this news release is to provide results from another drill hole in the Northern Target and another in the Southern Target. “Results continue to show the impressive nature of this unique salar - virtually the entire salar complex contains high grade lithium, not just the Northern Target where we had initially concentrated our efforts due to surface results,” said Constantine Karayannopoulos, Chairman of Neo Lithium. “The footprint of the high-grade lithium bearing area has dramatically increased from the original 1,820 ha of the Northern Target to approximately 6,897 ha of the combination of the Northern and the Southern Targets and is proving to be very deep. All of this is very good news and should have a significant positive impact on the resource estimation expected to be released in the second quarter of this year”. | |
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