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Vulcan Energy Resources Ltd.
Summary
| Project: | Vulcan | |
|---|---|---|
| Deposit: | Vulcan | |
| Location: | Germany | |
| Commodities: | Lithium | |
| Date: | 12/2/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-12-2019: Vulcan Energy Resources Ltd. announces an Exploration/Drilling Update report for its Vulcan deposit at the Vulcan project. Assay results from 2019 geothermal well brine sampling program. Vulcan Energy Resources Ltd. (“Vulcan”, “VUL”, “the Compa | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Roy Eccles, Steven Nicholls (APEX Geoscience Ltd.) | |
| ABSTRACT: | Vulcan Energy Resources Ltd. (“Vulcan”, “VUL”, “the Company”) is pleased to announce the results from its October 2019 regional geothermal well brine sampling and analysis campaign in the Upper Rhine Valley, Germany. Results were generally above expectation, ranging from 104 mg/l Li to a maximum recorded value of 215 mg/l Li (average of 181 mg/L Li) as analyzed by total metal Inductively coupled plasma - optical emission spectrometry analysis (ICP-OES). The highest average lithium grade was recorded from the Insheim plant where Vulcan has an MoU with the owner Pfalzwerke geofuture to earn in to 80% of the lithium rights. The Li-brine analytical results will be used in Vulcan’s maiden mineral resource estimate for the project, which is expected to be completed imminently. Managing Director, Dr. Francis Wedin commented: “These geochemical results, which confirm the high lithium grades within the heated, high-flow rate geothermal brines of the Upper Rhine Graben, are an important step of our strategy to fast-track the development of the Vulcan project, to achieve our goal of producing a Zero Carbon Lithium™ hydroxide product in Germany. The next step will be to incorporate the results into our maiden mineral resource estimate, which we expect to update our shareholders on imminently.” | |
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