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Southern Lithium Corp.
Summary
| Project: | Cruz | |
|---|---|---|
| Deposit: | Cruz | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 10/4/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-10-2017: Southern Lithium Corp. announces an Exploration/Drilling Update report for its Cruz deposit at the Cruz project. Drilling results incl. 453m @ 70.44mg/L Li from 0m. VANCOUVER, British Columbia, Oct. 04, 2017 -- Southern Lithium Corp. (TSX-V:SNL | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Larry Segerstrom (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Oct. 04, 2017 -- Southern Lithium Corp. (TSX-V:SNL) (FSE:SL5) (OTC:SLLTF) ("Southern" or "the Company") announce the Phase One lithium brine drilling program results for the Cruz Property in the Pocitos Salar Basin in Salta Province, Argentina. The first drill hole, CREX 1701 was terminated at a depth of 476 metres and encountered brine aquifers averaging 47.5 milligrams per litre ("mg/l") lithium. The brine aquifers were sampled using a drive-point sampler at key formational changes. The densities of the samples range from 40.3 mg/l to 65.0 g/l, indicating the presence of brine in the sections. The second hole, CREX 1702, was drilled to the south of CREX 1701 and the hole was terminated at a depth of 503 metres. CREX 1702 encountered brine aquifers over a total 52.5 metres (m) from surface to 453 metres (m) to the termination point of the hole, averaging 70.44 milligrams per litre ("mg/l") lithium. The brine aquifers were sampled using a drive-point sampler at key formational changes. The densities of the samples averaged 47.5 milligrams per litre ("mg/l") lithium in first hole (CREX 1701) and 70.44 milligrams per litre ("mg/l") lithium in the second hole (CREX 1702), indicating insufficient presence of lithium brine throughout the section to be commercially viable. Therefore, the Company will not be completing the mineral property option agreement previously announced on Nov.16, 2016 and amended on Sept 29th, 2017. | |
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