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LSC Lithium acquires strategically located Stella Marys in Salinas Grandes
Nov. 06, 2017 08:49AM PST
Battery Metals InvestingLSC Lithium Corporation (“LSC” or together with its subsidiaries, the “Company”) (TSXV:LSC) is pleased to announce that, further to its news releases dated June 5, 2017 and September 22, 2017, the Company has acquired the Stella Marys Project located in the Salar de Salinas Grandes, in Salta Province, Argentina. In connection with the acquisition, LSC …
LSC Lithium Corporation (“LSC” or together with its subsidiaries, the “Company”) (TSXV:LSC) is pleased to announce that, further to its news releases dated June 5, 2017 and September 22, 2017, the Company has acquired the Stella Marys Project located in the Salar de Salinas Grandes, in Salta Province, Argentina. In connection with the acquisition, LSC issued 588,000 LSC common shares, which are subject to a 4-month hold period until March 3, 2018.
As quoted in the press release:
STELLA MARYS HIGHLIGHTS
LSC is the single largest tenement holder in the Salar de Salinas Grandes Basin.
LSC is the designated sole operator in the Salar de Salinas Grandes, Salta Province.
Land package has increased by 1,472 hectares to over 86,000 hectares.
Adjacent tenements show high values of lithium exceeding 3,000 mg/L on Cangrejillos and Cangrejillos I and 2,000 mg/L on Sofia III.1
High lithium values in excess of 800 mg/L reported by Orocobre Ltd. on immediately adjacent tenements, from surface sampling and shallow wells.2
