LSC Lithium Corporation (“LSC” or together with its subsidiaries, the “Company”) (TSXV:LSC) is pleased to announce its wholly owned subsidiary has entered into a purchase agreement with Bolera Minera S.A. (“Bolera”) to purchase tenements covering approximately 583 hectares in Salinas Grandes, Salta Province (the “Bolera Tenements”). The acquisition will increase LSC’s land package with LSC owning over 90% of the Salta tenements in Salinas Grandes following the acquisition.
As quoted in the press release:
The Bolera Tenements are strategically located immediately adjacent to LSC’s tenements Negrita I, Prode IV, Martana I and Romina I (see Map 1). LSC will acquire the Bolera Tenements and corresponding technical data for cash consideration totalling US$900,000 payable in three installments. Closing of the acquisition is expected to take place on or about February 6, 2018. Following closing, LSC will commence exploration on the Bolera Tenements to verify prior data from the previous operator. LSC understands that a previous operator completed geophysics and sampling on the properties.