Advantage Lithium to Acquire Stella Marys Project in Argentina's "Lithium Triangle"

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VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 14, 2016) – Advantage Lithium Corp. (the “Company” or “Advantage Lithium”) (TSXV:AAL) has entered into letter of intent (the “LOI”) to acquire 100% interest in the Stella Marys project, Salta Province, Argentina (the “Property”).

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 14, 2016) – Advantage Lithium Corp. (the “Company” or “Advantage Lithium“) (TSXV:AAL) has entered into letter of intent (the “LOI”) to acquire 100% interest in the Stella Marys project, Salta Province, Argentina (the “Property”). The 1,472 ha property is located in the western sector of the Salinas Grandes salar within Argentina’s “Lithium Triangle” of developing and producing projects, including the country’s two lithium producers. Stella Marys lies immediately adjacent to Orocobre’s Salar de Salinas Grandes lithium-potassium-boron brine project, which hosts a near-surface, low sulfate inferred resource estimate of 56.5 million cubic meters of brine grading 795 mg/l lithium (239,200 tonnes lithium carbonate equivalent (LCE)) and 9,547 mg/l potassium (1.03 million tonnes of potash equivalent) and 283 mg/l boron.
Orocobre’s shallow inferred mineral resource is immediately adjacent to and potentially extends onto the Stella Marys property, where a previous operator is reported to have completed a comprehensive exploration program of mapping and sampling, geochemistry, some drilling with pump tests, and preliminary engineering. These and other technical reports will be confirmed as part of the Company’s due diligence.
Project Highlights

  • 1,472 ha project immediately adjacent to a large, shallow depth, inferred resource
  • Prior exploration work includes mapping, sampling, geochemistry, drilling with pump tests and preliminary engineering
  • Salta province of Argentina is ranked by Fraser Institute (2015 survey) as one of the most favourable jurisdictions in Central and South America for exploration
  • Near to excellent infrastructure corridor of road, rail, and power

The Lithium Triangle and Argentina’s Salta Province
Argentina, Chile and Bolivia hold the world’s largest lithium and comprise what’s has become known as the “lithium triangle,” – a desert region in the high Andes. In Argentina, this region hosts a number of developed and developing projects, including two producing lithium mines (Orocobre’s Olaroz and FMC’s Salar de Hombre Muerto), along with several properties with advanced technical studies to feasibility study level, and numerous earlier-stage lithium and potash exploration targets.
According to the Fraser Institute’s 2015 survey, Salta province ranked as one of the most favourable jurisdictions for exploration in Central and South America in its Investment Attractiveness Index, due to mineral policy and best practices.
David Sidoo, President and Director, of Advantage Lithium, commented: “Acquiring a lithium brine project of this calibre in Argentina’s Lithium Triangle is a tremendous step forward for the company and our progress points clearly to calibre of the management and technical team we have assembled. With a drill program soon to start at our Clayton NE project in Nevada, a recent agreement to acquire three exciting early-stage projects in Mexico and now, this more advanced project next to Orocobre’s large and shallow resource at Salar de Salinas Grandes, we are closer to fulfilling our goal as a leading junior in the lithium space.

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