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Sigma Lithium Resources Corp.
Summary
| Project: | Grota do Cirilo | |
|---|---|---|
| Deposit: | Grota do Cirilo | |
| Location: | Brazil | |
| Commodities: | Lithium | |
| Date: | 10/9/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-10-2018: Sigma Lithium Resources Corp. announces an Exploration/Drilling Update report for its Grota do Cirilo deposit at the Grota do Cirilo project. Drilling results incl. 49.6m @ 1.83% Li2O from 168.0m. VANCOUVER, British Columbia, Oct. 09, 2018 -- S | |
| Resources: | (Resource, M+I): 12.9Mt @ 1.56% Li2O | |
| CP/QP: | [Overall Report]: Marc-Antoine Laporte (Independent) | |
| ABSTRACT: | VANCOUVER, British Columbia, Oct. 09, 2018 -- SIGMA Lithium Corporation ("Sigma" or the "Corporation") (TSX-V: SGMA) is pleased to announce the shipment of high quality coarse lithium concentrate samples with an average grade of 6.27% Li2O and a size of 9.3mm to potential long term off-take partners in Asia for validation. The samples reflect the high quality of Sigma’s spodumene concentrate, including its low impurities, specifically low levels of alkaline elements at 0.76% in the form of sodium oxide plus potassium oxide and low levels of iron at 0.79% as iron oxide. Shipping these samples represents a significant milestone for Sigma. Analysis and validation by significant customers of the high-quality nature of Sigma’s lithium spodumene concentrate produced by the phase I production plant is an essential part of the process of setting up long-term off-take relationships. Sigma is on schedule to “break ground” for the construction of a larger commercial scale lithium concentrate production plant in 1Q19. “The high quality of our spodumene concentrate reinforces the significance of this project,” said Calvyn Gardner, CEO of Sigma. “Sigma’s relevance has been recognized in our ongoing discussions with potential off-take customers. We have received overwhelming interest from key potential customers, including offers to potentially contribute towards capex financing in exchange for off-take agreements to secure long term supply of our lithium concentrate. Such positive indications clearly reflect that Sigma is viewed as a potentially large and reliable source of high-quality lithium concentrate for many years to come.” Sigma is also pleased to provide updated assay results from its ~30,000m diamond drilling campaign on the lithium deposits at its Grota do Cirilo Property. The project’s lithium resources are expected to significantly increase from 13.5 million to at least 37 million tonnes, as previously identified in Sigma’s existing National Instrument 43-101 (“NI 43-101”) independent technical report filed earlier in 2018. Areas of exceptional grades were identified from the assays of certain drill holes, with the exceptional lithium spodumene ore grades ranging from 5.16% to 6.15% Li2O, as per the examples below | |
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