Lithium

Noram Highlights Milestones During 2022

Noram Highlights Milestones During 2022

Noram Lithium Corp. ("Noram" or the "Company") (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) is pleased to review the Company's activities during 2022 and to highlight upcoming catalysts at its 100%-owned high-grade Zeus Lithium Project in Clayton Valley, Nevada

Highlights of 2022 Corporate Milestones:

  • COMPLETION OF STRATEGIC FINANCING:
    • Closing of US$14 Million strategic financing with Waratah Capital Advisors and Lithium Royalty Corp. at $0.825 with no warrant and no finder's fee or commission. Noram is now fully financed through 2023 to complete a Definitive Feasibility Study ("DFS").
  • ADDITIONAL MANAGEMENT APPOINTMENTS:
    • In March 2022, the Company appointed Bradley C. Peek, as Vice President of Exploration.
    • In August 2022, the Company appointed Simon D. Studer, as Vice President of Corporate Development - Europe.
    • In October 2022, the Company appointed Dr. Vahid Sohrabi, as Technical Advisor to the Board.
  • ZEUS PROJECT ADVANCEMENT:
    • Completed Phase VI exploration program consisting of 12 holes on time and within budget. The focus of the program was to upgrade existing inferred resources into the measured indicated categories to be utilized in the Pre-Feasibility Study.
    • All drill holes intersected high grade lithium over significant lengths and, upon completion in the coming weeks, the Company anticipates a robust 6th resource model that may align Noram with our peers regarding contained measured and indicated resources of lithium carbonate equivalent ("LCE").
  • ANALYST COVERAGE RECEIVED:
    • Two groups announced analyst coverage: Koby Kushner - Mining Analyst at Red Cloud Securities and Sid Rajeev - Fundamental Research Corp.

"2022 was another successful year for Noram and our shareholders. We will end the year in a very strong cash position, with a tightly controlled share structure, debt free, fully financed to reach the final feasibility stage, and with no further dilution to our shareholders until 2024," stated Mr. Sandy McDougall, CEO of Noram. "We remain confident that our pre-feasibility study will be completed in early 2023, and noting the importance of this technical report, our technical team and consultants are working through all components to deliver a quality report. I look forward to a very busy 2023 as we focus on de-risking the Zeus Lithium Project to further rerate Noram amongst its peers."

The technical information contained in this news release has been reviewed and approved by Bradley C. Peek, MSc, CPG, Vice President Exploration for Noram, who is a Qualified Person as defined under National Instrument 43-101.

Engagement of Native Ads, Inc.
Noram has retained Native Ads, Inc. ("Native Ads"), an arms-length party, to provide investor relations services in the form of strategic digital media services, marketing and data analytics services including, but not limited to, content development, video production and editing, website development, median buying and distribution, and campaign reporting and optimization. These services are set to commence in December 2022 pursuant to a consulting agreement dated November 23, 2022, and the Company has agreed to pay Native Ads fees totaling $90,000 USD for an initial service period of 6 months.

Native Ads has agreed to comply with all applicable securities laws and the policies of the TSX Venture Exchange in providing the services to the Company. Native Ads has offices in Vancouver, B.C. and New York, NY and delivers services to a diverse group of clients across North America, providing strategic digital media services, marketing and data analytic services and provides services to a diverse group of clients across North America. The appointment of Native Ads is subject to approval by the TSX Venture Exchange.

About Noram Lithium Corp.
Noram Lithium Corp. (TSXV:NRM| OTCQB:NRVTF | Frankfurt:N7R) is a well-financed Canadian based advanced Lithium development stage company with less than 90 million shares issued and a fully funded treasury. Noram is aggressively advancing its Zeus Lithium Project in Nevada from the development-stage level through the completion of a Pre-Feasibility Study in early 2023.

The Company's flagship asset is the Zeus Lithium Project ("Zeus"), located in Clayton Valley, Nevada. The Zeus Project contains a current 43-101 measured and indicated resource estimate* of 363 million tonnes grading 923 ppm lithium, and an inferred resource of 827 million tonnes grading 884 ppm lithium utilizing a 400 ppm Li cut-off. In December 2021, a robust PEA** indicated an After-Tax NPV (8) of US$1.3 Billion and IRR of 31% using US$9,500/tonne Lithium Carbonate Equivalent (LCE). Using the LCE long term forecast of US$14,250/tonne, the PEA indicates an After-Tax NPV (8%) of approximately US$2.67 Billion and an IRR of 52%.

Please visit our web site for further information: www.noramlithiumcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Sandy MacDougall
Chief Executive Officer and Director
C: 778.999.2159

For additional information please contact:
Peter A. Ball
President and Chief Operating Officer
peter@noramlithiumcorp.com
C: 778.344.4653

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements regarding, among other things, the completion transactions completed in the Agreement. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. Although Noram believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Noram disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws. *Updated Lithium Mineral Resource Estimate, Zeus Project, Clayton Valley, Esmeralda County, Nevada, USA (August 2021) **Preliminary Economic Assessment Zeus Project, ABH Engineering (December 2021).

SOURCE: Noram Lithium Corp.



View source version on accesswire.com:
https://www.accesswire.com/729413/Noram-Highlights-Milestones-During-2022

News Provided by ACCESSWIRE via QuoteMedia

NRM:CA
Noram Lithium (TSXV:NRM)

Noram Lithium


Keep reading...Show less
Noram Lithium Strengthens Technical Team

Noram Lithium Strengthens Technical Team

noram lithium corp. ("noram" or the "Company") (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) announces it has further strengthened its technical team with the appointment of Marcus Tomlinson as a Metallurgical Consultant. The Company has also formally contracted Dr. Vahid Sohrabi as a Hydrogeological Consultant

"Advancing the Zeus Lithium Project requires a dedicated focus on the metallurgy, flowsheet and development of a sustainable water supply," stated Greg McCunn, Chief Executive Officer of noram. "Marcus has a strong hydrometallurgical background and extensive experience in process design and will be key to leading the ongoing metallurgical work and development of a final process design. Vahid will be instrumental to helping us determine the right option for a consistent, efficient supply of water to the project. I look forward to working with Marcus and Vahid to continue to advance and de-risk the project."

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Noram Lithium Announces Management Changes

Noram Lithium Announces Management Changes

noram lithium corp. ("noram" or the "Company") (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) announces that Peter A. Ball, President and Chief Operating Officer of noram will be leaving the Company effective January 31, 2023 following a hand-over period to noram's new CEO, Greg McCunn

"On behalf of the Board of Directors, I would like to thank Peter for his hard work and dedication over the past year and wish him well in his future endeavours," stated Mr. Sandy MacDougall, Founder and Executive Chairman of noram. "With Mr. McCunn now in place as our new Chief Executive Officer, we are looking forward to an exciting year for noram".

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Noram Lithium Appoints New Chief Executive Officer To Lead Next Stages of Development at Zeus

Noram Lithium Appoints New Chief Executive Officer To Lead Next Stages of Development at Zeus

Noram Lithium Corp. ("Noram" or the "Company") (TSXV:NRM )(OTCQB:NRVTF)(Frankfurt:N7R) announces that, effective immediately, the Board of Directors has appointed Greg McCunn as Chief Executive Officer to lead the Company through the next stages of development at its wholly-owned high grade Zeus Lithium Project in Clayton Valley, Nevada. Noram's Founder and current Chief Executive Officer, Sandy MacDougall, will continue with the Company as Chair of the Board of Directors

"The previous 12 months have been incredibly productive for the Company" stated Mr. MacDougall. "On the back of a positive Preliminary Economic Assessment on the Zeus Project, we started 2022 with a strategic financing that has put the Company in a strong financial position with approximately CAD$14 million in the treasury at calendar year end and no debt. During the year we completed a successful infill drilling program consisting of 12 drill holes which all intersected high-grade lithium over significant lengths, and from which we anticipate a significant conversion of Inferred Resources to Measured and Indicated".

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Noram Receives Results for CVZ-81 with High-Grade Long Intercept of 330ft with Weighted Average 1169 ppm Li and Li High of 1810 ppm

Noram Receives Results for CVZ-81 with High-Grade Long Intercept of 330ft with Weighted Average 1169 ppm Li and Li High of 1810 ppm

S andy MacDougall, CEO of Noram Lithium Corp. (" Noram " or the " Company ") (TSXV:NRM | OTCQB:NRVTF | Frankfurt:N7R) is pleased to announce the successful completion of CVZ-81 (PH-03) and release of the final assay results. The Company completed core hole CVZ-81 at a depth of 451.5 feet (137.6 m). Sampling for assay began at 55 ft (16.8 m) and continued to the bottom of the hole, an interval thickness of 416.5 ft (126.9 m) was intersected. The hole ended in mineralization and the weighted average lithium values present were as follows

Noram Lithium Corp., Thursday, June 30, 2022, Press release picture

CVZ-81 was the last hole drilled in Noram's Phase VI drilling program and had better than expected results, as did most of the holes in this in-fill drilling program. Now that the final assays are in, efforts are being focused on updating the geological/lithium grade models to be used in the upcoming PFS. The grades and thicknesses of mineralization seen in the Phase VI holes are anticipated to substantially improve the outlook for the Zeus deposit and upgrade approximately 175 million tonnes of the deposit from the inferred resource category to indicated resource." comments Brad Peek, VP of Exploration and geologist on all six phases of Noram's Clayton Valley exploration drilling.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Noram Receives Results for CVZ-77 & 78: High-Grade Intercepts of 240 Ft  Averaging 1212 PPM, & 231.3 Ft  Averaging 1157 PPM Respectively

Noram Receives Results for CVZ-77 & 78: High-Grade Intercepts of 240 Ft Averaging 1212 PPM, & 231.3 Ft Averaging 1157 PPM Respectively

Sandy MacDougall, CEO of Noram Lithium Corp. ("Noram" or the "Company") (TSXV:NRM | OTCQB:NRVTF | Frankfurt:N7R) is pleased to announce the successful completion of CVZ-77 (PH-04) and CVZ-78 (PH-11) and release of the final assay results. The Company completed core hole CVZ-77 at a depth of 458 feet (139.6 m). Sampling for assays began at 20 ft (6.1 m) and continued to the bottom of the hole, an interval thickness of 240 ft (73.2 m) was intersected from 48 ft (14.6 m) to 288 ft (87.8 m). The weighted average lithium values present are summarized below with a high of 2140 ppm. The Company completed core hole CVZ-78 at a depth of 451.5 feet (137.6 m). Sampling for assays began at 26.8 ft (8.2 m) and continued to the bottom of the hole, an interval thickness of 231.3 ft (70.5 m) was intersected from 26.8 ft (8.2 m) to 258 ft (78.6 m). The weighted average lithium values present are summarized below with a high of 2100 ppm present

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Bradda Head Lithium Ltd Announces Appointment of North American Advisers

Bradda Head Lithium Ltd Announces Appointment of North American Advisers

Bradda Head Lithium Ltd. (AIM:BHL)(TSXV:BHLI)(OTCQB:BHLIF) ("Bradda Head" or the "Company"), the North America-focused lithium development company, is pleased to announce that it has engaged Red Cloud Securities Inc ("Red Cloud") to provide market-making services as well as Dig Media Inc. dba Investing News Network ("INN") who will undertake an advertising and investor awareness campaign on behalf of the Company

As required under the TSX-V Policy 3.4, the following disclosures are being made:

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Bradda Head Lithium Ltd Announces Updated Presentation

Bradda Head Lithium Ltd Announces Updated Presentation

Bradda Head Lithium Ltd (AIM:BHL)(TSX-V:BHLI)(OTCQB:BHLIF), the North America-focused lithium development group, announces that it has uploaded an updated presentation to its website

Notable content is the updated timeline slide, where Bradda has updated the operational outlook, using current information on estimates for the programmes listed, and also included some additional programmes building on Bradda's results and strategy to fast-track the development of its assets in Arizona and Nevada, see below revised timeline:

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
ACME Lithium and ASTERRA Utilize Ground Breaking Satellite Technology to Discover Lithium

ACME Lithium and ASTERRA Utilize Ground Breaking Satellite Technology to Discover Lithium

ACME Lithium Inc. (CSE: ACME) (OTCQX: ACLHF) (the "Company", or "ACME") and ASTERRA, an Israel-based satellite technology company are pleased to jointly announce that they have signed a teaming agreement, to utilize ASTERRA's Synthetic Aperture Radar (SAR) data analytics, patented algorithms and artificial intelligence, ("ASTERRA Technology") to identify lithium specific targets. ACME Lithium is the first in the United States to use ASTERRA's technology.

Further to the news release dated January 19, 2023, the recent geological field review and sampling program at Fish Lake Valley, Nevada resulted in the highest surface lithium values to date with up to 1325 ppm lithium. As a pilot project, identification of this particular high grade lithium target utilized ASTERRA's satellite-based technology.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
CYPRESS DEVELOPMENT CHANGES NAME TO CENTURY LITHIUM CORP AND NEW TICKER SYMBOL 'LCE' EFFECTIVE JANUARY 30, 2023

CYPRESS DEVELOPMENT CHANGES NAME TO CENTURY LITHIUM CORP AND NEW TICKER SYMBOL 'LCE' EFFECTIVE JANUARY 30, 2023

Cypress Development Corp. (TSXV: CYP) (OTCQX: CYDVF) (Frankfurt: C1Z1) ("Cypress" or "the Company") is pleased to announce that further to its news release dated January 24, 2023 the TSX Venture Exchange (the "TSXV") has approved the Company's name change from Cypress Development Corp. to Century Lithium Corp. The Company will also change its trading symbol from 'CYP' to ' LCE ' on the TSXV. The effective date on which the Company will begin trading under the new name and symbol is January 30, 2023 . The CUSIP number is 156615106.

Cypress Development Corp. Logo (CNW Group/Cypress Development Corp.)

The transfer agent of the Company continues to be Computershare Investor Services Inc. There is no change in the capitalization of the Company in connection with the change of name and trading symbol and no action is required by existing shareholders with respect to this matter. Shareholders holding share certificates of the Company can request a replacement certificate, however new certificates are not required and will not be automatically issued.

About Cypress Development Corp

Cypress Development Corp. is a Canadian based advanced stage lithium company, focused on developing its 100%-owned Clayton Valley Lithium Project in Nevada, USA . Cypress is in the pilot stage of testing on material from its lithium-bearing claystone deposit and progressing towards completing a Feasibility Study and permitting, with the goal of becoming a domestic producer of lithium for the growing electric vehicle and battery storage market.

ON BEHALF OF Cypress Development Corp.
WILLIAM WILLOUGHBY , PhD., PE
President & Chief Executive Officer

www.cypressdevelopmentcorp.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/cypress-development-changes-name-to-century-lithium-corp-and-new-ticker-symbol-lce-effective-january-30-2023-301731430.html

SOURCE Cypress Development Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2023/26/c0306.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Argentina Lithium Drilling Extends Lithium Brine Zone at Rincon West

Argentina Lithium Drilling Extends Lithium Brine Zone at Rincon West

Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF), ("Argentina Lithium" or the "Company") reports positive lithium brine values at its Rincon West Project in Salta Province Argentina including a 153 m interval ranging from 329 to 393 mgl lithium from the sixth diamond drill hole. The seventh exploration hole is in final steps to completion, with two additional holes planned.

Argentina Lithium & Energy Logo (CNW Group/Argentina Lithium & Energy Corp.)

"The new drilling results extend the zone of concentrated lithium brines towards the west and southwest from earlier drill intersections. The remarkable interval from the sixth hole, RW-DDH-006, is our best interval to date, and it is a step-out of 960 m from the prior best intersection reported previously in the fourth hole. With RW-DDH-005, we drilled 1.7 km southwest of the sixth hole, looking for the western limit of the brine zone. These large step-outs demonstrate concentrated lithium brines extend broadly through the core of the property. The remaining three drill holes will be located to further delineate the brine aquifer." stated Miles Rideout , V.P. of Exploration.

The results of the brine analyses, type of sample collected, and the respective intervals from which brine was recovered are shown in Table 1. Drill collar information is presented in Table 2.

The Rincon West Project, located west and north of Rio Tinto's adjacent Rincon Project, covers 3742.8 hectares of the salar basin. Rincon West is currently permitted for up to 9 exploration drill holes. Figure 1 presents a map of the Rincon West property showing the positions of the seven initial exploration holes (see  News Releases dated July 13, 2022 , October 3, 2022 and October 25, 2022 ). The map in Figure 1 displays the drill locations overlaid on the conductive zones delineated with TEM geophysics (see May 2, 2022 News Release ; Note: the easternmost property extension was acquired after the completion of the TEM survey and therefore shows no geophysics results).

Table 1: Interval data and results of brines analyses for lithium, potassium, and magnesium for drill holes RW-DDH-005 and RW-DDH-006

Sample Interval (m)

Sample

Method

Li

K

Mg

Density

From

To

Thickness



(mg/litre)


(g/ml)

RW-DDH-005






143



Bailer

12

197

99

1.006

185



Bailer

155

2432

1986

1.104

194



Bailer

173

2686

2068

1.108

224



Bailer

199

3243

2058

1.12

239



Bailer

209

3423

2201

1.124

260



Bailer

168

2623

1868

1.1

290



Bailer

88

1323

943

1.052

328



Bailer

104

1552

1172

1.064

96

99.7

3.7

Double packer

41

54

1.000

120

123.7

3.7

Double packer

207

161

1.006

162

165.7

3.7

Double packer

67

1137

748

1.042

192

195.7

3.7

Double packer

44

847

512

1.032

RW-DDH-006






59

71

12

Single Packer

20

317

278

1.01

71

83

12

Single Packer

38

598

563

1.024

83

95

12

Single Packer

126

1985

1370

1.078

119

143

24

Single Packer

233

4461

2055

1.134

143

155

12

Single Packer

292

5484

2650

1.162

167

179

12

Single Packer

329

6022

2892

1.178

179

191

12

Single Packer

348

6509

3128

1.184

191

206

15

Single Packer

339

6473

3052

1.18

206

218

12

Single Packer

378

7224

3411

1.194

218

230

12

Single Packer

379

7224

3468

1.206

230

245

15

Single Packer

378

6895

3366

1.194

245

257

12

Single Packer

385

7157

3451

1.21

257

269

12

Single Packer

393

7420

3436

1.215

269

293

24

Single Packer

385

7500

3205

1.21

293

308

15

Single Packer

334

6360

2743

1.18

303

320

17

Single Packer

336

6355

2736

1.178

*Both drill holes were inclined vertically; the salar strata are believed to be flat lying resulting in reported intervals approximating true thickness.


Technical Details

Both holes were executed with diamond drilling (HQ-diameter), permitting the extraction of core samples of the salar basin formations, and recovery of brine samples where possible. RW-DDH-005 was drilled between September 26 and October 24, 2022 , stopping at 328.4 metres depth in volcanic units. Lining the hole with 2" diameter PVC filters and tubing was completed on October 26, 2022 .

RW-DDH-006 was drilled between October 27 and November 26, 2022 , stopping at 329.8 metres depth in a metamorphosed sedimentary unit. Final profiling and lining the hole with 2" diameter PVC filters and tubing were completed by December 3, 2022 .

Drilling was carried out by Salta-based AGV Falcon Drilling SRL, under the supervision of Argentina Lithium's geologists.

Table 2:  Collar and maximum depth information for RW-DDH-005 and RW-DDH-006

Hole ID

East

North

Elevation

Azimuth

Dip

Depth


UTM Zone 19S (WGS84)

(m)

(deg.)

(deg.)

(m)

RW-DDH-005

680426

7336767

3808

n/a

90

328.4

RW-DDH-006

681291

7338205

3764

n/a

90

329.8

LIT's preferred method for brine sampling deploys a 'single packer' sampling unit during drilling. The packer sampling method allows the recovery of brine samples at specific depths while sealing the hole at the top and bottom of the interval. For single packer sampling, an inflatable seal closes the top of the interval; the lower limit of drilling represents the bottom of the interval. In certain instances, double packer sampling is conducted following the completion of drilling. In this case, inflatable seals are employed to close both the top and bottom of the sample interval. The maximum span of double packer sampling is limited to less than 4 m by the height of the drill mast and other equipment limitations.

While drilling RW-DDH-005, every attempt at brine sampling with the single packer apparatus failed to recover significant quantities of brine. Sampling was thus accomplished at intervals during drilling by employing a bailer unit to recover brines from near the bottom of the drilled interval. A limitation of bailer sampling is that the interval is not sealed above, thus mixing with solutions from upper portions of the hole is probable. The site geologists believe the lack of brine recovery during packer sampling was likely related to the depth of the phreatic water table in the hole, identified approximately 72 m below the collar. Apparently the packer airlift system was unable to lift dense brines this height above the phreatic level.

In follow-up sampling, the drill crew was able to recover brines from selected intervals while employing a double packer system.

Sampling with the single packer system was completed without significant difficulty at RW-DDH-006. In this case, the well collar is situated at a lower elevation with a measured phreatic level of 37.6 m .

Observations regarding RW-DDH-005

RW-DDH-005 is the westernmost hole completed to date, and the collar is located at the highest elevation yet tested on this project. The hole tested gravels and volcanic clasts in a sandy matrix to 29 m depth, where ignimbrite was encountered, continuing to 41 m depth. With a short transition, the drill entered medium-to-coarse gray sandstone from approximately 42 m , continuing to 54 m , followed by a 1 m layer of medium-to-fine black sandstone. Coarse gray sandstone was observed from 55 m to 62 m , followed by coarse brown sandy units with layers of sulphates, continuing to 77 m depth. A brecciated sandstone with sandy matrix then extends to 200 m depth. This unit was intensively fractured between 176 m and 197 m depths. Ignimbrite with varying degrees of fracturing was logged between 200 m and 296.5 m depths. The geologic log demonstrates a complex sequence transitioning from ignimbrite to aphanitic volcanics between 296.5 to 306 m depth. The hole was terminated in volcanics at 328.4 m depth.

Observations regarding RW-DDH-006

Breccias and conglomerates with sandy matrices were observed from near-surface to 32 m depth. A sequence of sandy and silty sedimentary units with sulphates followed, ending in a sequence of sandy clays, logged between 47 and 53 m depth. Brown coloured sandstones were observed from 53 m , extending to 86 m depth. From 86 m to 95 m , breccias with quartzite fragments in a sandy matrix were logged. Ortho-quartzite then follows, continuing to 284 m depth, with multiple zones of relative competency interspaced by zones of intensive fracturing. A lithologic change was observed at 284 m , with a silicified sedimentary unit below. As the degree of fracturing reduced with depth, this unit was interpreted as a metamorphosed sedimentary rock. The drill was stopped in this metamorphosed sedimentary unit at 329.8 m depth.

All core samples recovered in drilling were retained for geologic logging. An extensive selection of samples has been sent for brine recovery testing at an independent laboratory. This analysis remains pending.

Analyses and QA/QC

Samples of brine were submitted for analysis to Alex Stewart International Argentina S.A. ("Alex Stewart"), the local subsidiary of Alex Stewart International, an ISO 9001:2008 certified laboratory, with ISO 17025:2005 certification for the analysis of lithium, potassium and other elements. Alex Stewart employed Inductively Coupled Plasma Optical Emission Spectrometry ("ICP-OES") as the analytical technique for the primary constituents of interest, including boron, calcium, potassium, lithium, and magnesium. Measurements in the field included pH, electrical conductivity, temperature and density. The quality of sample analytical results was controlled and assessed with a protocol of blank, duplicate and reference standard samples included within the sample sequence. For the holes RW-DDH-005 and 006 reported herein, the blank (2) and duplicate (3) samples reported within the acceptable range.   A single low-grade, medium-grade, and high-grade reference standard sample was included within the submitted samples for each hole.  The low-grade reference standard analyses were above 3 standard deviations (SD) with less than 5% relative percent difference (RPD); the medium grade reference standard returned one result above 3 SD and one at 2 SD above the best value with 1.47 and 1.00 RPD, respectively; the high-grade reference standard returned one result less than 3 SD and one within 2 SD of the best value; with low RPD (1.73 and 0.72, respectively).

Rincon West Project

The following summarizes the properties held within the Rincon West Project. Villanoveño II and Demasia Villanoveño II, totaling 2491 hectares, are held under an option whereby the Company can earn a 100% interest, as described in the Company's September 28, 2021 News Release . Argentina Lithium has also purchased the 460.5 hectare Rinconcita II property, adjacent to Villanoveño II (see August 25, 2022 News Release ). The Company entered into an option agreement to earn a 100% interest in four contiguous mine concessions, the "Paso de Sico" option, totalling 791.3 hectares in the northern part of the Salar de Rincon (see October 6 News Release ).

Qualified Person

David Terry , Ph.D., P.Geo. is the Company's Qualified Person as defined in National Instrument 43-101. Dr. Terry is responsible for oversight of the Company's early-stage exploration at the Rincon West property.  The disclosure in this news release has been reviewed and approved by Dr. Terry.

About Argentina Lithium

Argentina Lithium & Energy Corp is focused on acquiring high quality lithium projects in Argentina and advancing them toward production in order to meet the growing global demand from the battery sector. The management group has a long history of success in the resource sector of Argentina and has assembled a first-rate team of experts to acquire and advance the best lithium properties in the "Lithium Triangle". The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Nikolaos Cacos"

_______________________________
Nikolaos Cacos , President, CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements.  Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's plans for its mineral properties; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company; and future exploration and operating plans are forward-looking statements.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the impact of COVID-19; risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/argentina-lithium-drilling-extends-lithium-brine-zone-at-rincon-west-301731403.html

SOURCE Argentina Lithium & Energy Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2023/26/c6445.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Bradda Head Lithium Ltd Announces Update on San Domingo Drilling Results

Bradda Head Lithium Ltd Announces Update on San Domingo Drilling Results

Bradda Head Lithium Ltd (AIM:BHL)(TSX-V:BHLI)(OTCQB:BHLIF), the North America-focused lithium development group, announces that further to its announcement of 21 November 2022 results from the Company's drilling programme at its San Domingo pegmatite district, due to exceptionally high levels of demand at the assay labs are now expected to be received this quarter

Assay labs in North America are stretched in their capacity and the holiday period has further added to the existing delays. Bradda Head is looking forward to releasing results from the first drill programme at its San Domingo pegmatite district as soon as viable.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×