Bacanora Minerals Provides Update on Drilling at Sonora

On Tuesday, Bacanora Minerals (TSXV:BCN) provided an update on drilling activities at its Sonora Lithium project in Mexico. Sonora consists of Bacanora’s wholly owned La Ventana concession as well as concessions held by companies owned 70 percent by Bacanora and 30 percent by Rare Earth Minerals Plc.

As quoted in the press release, highlights of drilling at La Ventana included:

• A total of 2,100 metres have been drilled in 14 in-fill holes on La Ventana, a further nine holes remain to be drilled in the ongoing program.
• Intercepts of the Upper Clay range from 26.1 to 50.8 metres in length and those for the Lower Clay range from 12.98 to 22.5 metres on La Ventana.
• Analyses received for the first three holes indicate that weighted averages for lithium content in the Upper Clay Unit varies from 955 ppm over 41.6 metres (hole LV-19) to 2,264 ppm Li over 7.75 metres (hole LV-21); for the Lower Clay Unit lithium content varies from 1,618 ppm over 23.84 metres to 2,649 ppm over 12.80 metres. Individual 1.5 metre long samples of clay range up to 5,130 ppm Li.
• As previously announced (press release: March 16, 2015), the Company has retained SRK Consulting (UK) Limited to provide an updated independent lithium resource estimate.

Bacanora Chairman, Colin Orr-Ewing, said:

We are very pleased by the intercept of clay units in hole ES-42 on the Fleur concession as this clearly opens up the area to expansion of the lithium resource on both La Ventana and Fleur, an exciting discovery for a step-out hole, as the resource potential in this area could be developed by open pit mining methods. . It demonstrates that faulted blocks exist on other parts of the property and the bounding faults have the potential to bring the clay units into an economic envelope. Progress on mine and plant design and process certification is advancing quickly.

Click here to read the Bacanora Minerals (TSXV:BCN) press release