Bearing Reports Maricunga Assay Results

Bearing Resources (TSXV:BRZ) has received results from Li3 Energy from the exploration program at the Maricunga lithium brine project in Chile.
As quoted in the press release:

Bearing has entered into a definitive agreement to acquire Li3 and its interest in the Maricunga lithium brine project (the “Li3 Definitive Agreement“). Li3 holds a 17.7% interest in the project along with Minera Salar Blanco (“MSB“) and Lithium Power International Limited (“Lithium Power“) at 32.3% and 50% respectively. Under the terms of the joint venture, Lithium Power has agreed to fund exploration and development costs with both Li3 and MSB having a free carry until the completion of a definitive feasibility study.
Exploration Results
Assay results for two holes are provided which were drilled on the “old code” San Francisco tenement. Results were initially released by Lithium Power on January 17^th, 2017. Highlights include hole S3 that returned 1,040 mg/l lithium over 186 metres and hole S13 that returned 999 mg/l lithium over 186 metres.
San Francisco Drilling

• Hole S3 — Hole S3 was drilled near the centre of the tenement. Brine samples averaged 1,040 mg/l lithium and 7,708 mg/l potassium over a 186-metre test interval starting at 12 metres with peak assays of 1,240 mg/l lithium and 9,870 mg/l potassium over 6 metres at 174 metres. Hole S3 is located about 2km south from hole M2 and 3km west from hole M10, both of which have been previously released.
• Hole S13 — Hole S13 was drilled in the northern section of the tenement. Brine samples averaged 999 mg/l lithium and 7,294 mg/l potassium over the 186-metre test interval, with peak assays of 1,260 mg/l lithium and 9,480 mg/l potassium over 6 metres at 102 metres. Hole S13 is located about 2.5 km north east of hole M2 and 3km north of hole M10, both of which have been previously released.

Click here to read the full press release.