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Bacanora Minerals Reports Inferred Resource of 712,000 Tonnes at Sonora Lithium Project
Sep. 05, 2012 11:50AM PST
Company NewsBacanora Minerals Ltd.(TSXV:BCN) announced that it has filed a NI 43-101 report for its Sonora Lithium project. The Company reported that it is very happy with the initial inferred Lithium resource of 712,000 tonnes of Lithium.
Bacanora Minerals Ltd.(TSXV:BCN) announced that it has filed a NI 43-101 report for its Sonora Lithium project. The Company reported that it is very happy with the initial inferred Lithium resource of 712,000 tonnes at the property.
As quoted in the press release:
The estimate of inferred resources for the upper clay unit is 22,642,000 tonnes averaging 2,632 ppm Li (1.3% LCE). For the lower clay unit the inferred resource is estimated at 20,682,000 tonnes averaging 4,103 ppm Li (2.0% LCE).
Bacanora, President and CEO, Paul Conroy, commented:
We are extremely pleased with the initial lithium resource estimate and look forward to continuing work in the coming months to further upgrade the resource with a view towards demonstrating the commercial viability of the deposit.
Click here to read the Bacanora Minerals Ltd. (TSXV:BCN) press release
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