Advantage Lithium JV Hits Lithium Brines on 1st Hole at Clayton NE

- November 1st, 2016

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov 1, 2016) – Advantage Lithium Corp. (TSXV:AAL) and its joint venture partner, Nevada Sunrise Gold Corp. (“Nevada Sunrise”), are pleased to announce that lithium-bearing brines have been intersected in the first borehole of the 2016 drilling program at the Clayton NE lithium brine project within the Clayton Valley salar in southwest Nevada.

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov 1, 2016) – Advantage Lithium Corp. (TSXV:AAL) and its joint venture partner, Nevada Sunrise Gold Corp. (“Nevada Sunrise”), are pleased to announce that lithium-bearing brines have been intersected in the first borehole of the 2016 drilling program at the Clayton NE lithium brine project within the Clayton Valley salar in southwest Nevada. Clayton NE borders Albemarle Corporation’s (“Albemarle”) Silver Peak lithium brine production operation in Clayton Valley, North America’s only operating lithium mine. Hole CNE-16-01 has intercepted aquifer formations that host brines at depths between 553 and 1,200 feet. Lithium values in the first five grab samples taken within the aquifer zones are highly anomalous including up to 218 parts per million (“ppm”) with three of the five samples averaging 209 ppm lithium and total dissolved solid (“TDS”) results in the same samples were recorded up to 110,000 ppm.

Drilling on this hole is still in progress. Target depth for the hole is estimated at 1500 feet or contact with bedrock at the base of the basin.

Highlights

  • Lithium values up to 218 ppm. Lithium brines intercepted by 1st drill hole at Clayton NE, CNE-16-01, showing values up to 218ppm lithium in the first 5 groundwater samples. These values are similar to Albemarle’s brine samples from their Silver Peak operation, immediately adjacent to Clayton NE.
  • TDS values up to 110,000 ppm. Total dissolved solids (“TDS”) values for the first five groundwater brine samples from hole CNE-16-01 were recorded up to 110,000 ppm for samples containing the highest lithium values. This relationship of TDS to lithium grade indicates a direct correlation between higher lithium values and higher strength brine.
  • Water rights in Clayton Valley. Advantage Lithium and Nevada Sunrise are the only lithium explorers in the Clayton Valley, other than Albemarle, with access to certified water rights.
  • More results to come. Two holes from the current drill program are still to be drilled, targeting the broadest and most conductive zones detected by the recently-completed (September, 2016) DC Resistivity survey.

Ross McElroy, Technical Adviser and Director, of Advantage Lithium, commented: “We’ve encountered strong lithium grades and TDS results in brines with our first hole at Clayton NE, comparable to results reported from several wells on Albemarle’s operating mine right next door. This is a tremendous start to our drill program and is a strong validation of our recently completed 3D Resistivity ground geophysical survey (see News Release October 18, 2016), which successfully identified highly conductive horizons, interpreted as brine formations at depth.”

David Sidoo, CEO and President, of Advantage Lithium, said: “We are the only Clayton Valley lithium junior with access to certificated water rights for the purpose of future development. Thus hitting strongly anomalous lithium in brine results is an important step forward for our North American operations. We are very encouraged by these results and are looking forward to our next holes at Clayton NE.”

Read the full report.

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