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Neo Lithium Corp.
Summary
| Project: | Tres Quebradas | |
|---|---|---|
| Deposit: | Tres Quebradas | |
| Location: | Argentina | |
| Commodities: | Lithium-Potassium | |
| Date: | 3/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-3-2018: Neo Lithium Corp. announces an Exploration/Drilling Update report for its Tres Quebradas deposit at the Tres Quebradas project. Drilling results incl. 512m @ 638mg/L Li, 6668mg/L K from 18m. TORONTO, March 05, 2018 -- Neo Lithium Corp. (“Neo Lit | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Waldo Perez (Internal) | |
| ABSTRACT: | TORONTO, March 05, 2018 -- Neo Lithium Corp. (“Neo Lithium” or the “Company”) (TSXV:NLC) (OTCQX:NTTHF) is pleased to provide an update for its 2017-2018 3Q Project exploration and development campaign. “We discovered a new aquifer at depth identified in the previously announced seismic results,” stated Waldo Perez, President and CEO of Neo Lithium. “We could not be more pleased with the drilling results of only our second drilling season, particularly the discovery of this deep aquifer as it adds considerable blue sky to the 3Q project.” Exploration Update The season started with a 50-linear km seismic reflection survey (first of its kind in lithium brine exploration) along the entire 3Q salar and peripheral basins. Results showed that the basin could be deeper than 600m and tilted eastwards (see the Company’s website http://www.neolithium.ca/project/default.aspx#section=maps to see the sections). Most of the drill holes in the initial drill season were located in the western, shallow part of the basin and the average depth of the holes was about 130m (the deepest hole was 357m). This season the Company focussed on completing in-fill drilling and getting into the deeper part of the basin. Drilling so far includes a total of 2,239m of diamond drill holes and 985m of rotary drill holes, resulting in 8 diamond drill holes and 8 rotary holes (used for pump wells). The average depth was 300m and the deepest hole was 580m. These numbers are preliminary since the Company continues to drill with three rigs simultaneously and results arrive daily. | |
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