High Grade Lithium Drilled Across 10,787
hectares of the Salar
- Extensive lithium mineralization across the Salar peaking
between 430 to 508 mg/l Li
- Consistent with previous short term average pump test
results between 545 to 602 mg/l Li
- Excellent Relative Brine Release Capacity values
peaking at 16.33%
- Further pumping and hydrogeological studies have
commenced
- NI 43-101 Mineral Resource report planned for issue in Q4
2017
TORONTO, Nov. 13, 2017 /CNW/ - LSC Lithium
Corporation ("LSC" or together with its subsidiaries, the
"Company") (TSXV:LSC) is pleased to announce the completion
of its Phase-1 15 hole drill program on its 99% controlled Salar de
Pozuelos, Salta Province. The
program was designed to evaluate the lithology and brine chemistry
across the full extent of the salar to depths of up to 200m. The
results of the program indicate the presence of extensive lithium
mineralization across the entire salar which covers 10,787 hectares
and is 99% controlled by the Company (See Map 1).
The assay results show that the salar has excellent brine
chemistry, Relative Brine Release Capacity qualities and the brine
values down-hole are consistent with the surface sampling results
obtained previously1. These results are also consistent
with high grade lithium results returned from previously announced
short and long-term pumping well test results2. It is
anticipated that LSC will release a NI-43 101 resource report in
December based on work completed to date.
PUMP TEST RESULTS2
- W1-35 Short-term stress test: consistent Li assays averaging
602 mg/l Li and Mg:Li ratio of 4:1
- W2-90 Short-term stress test: consistent Li assays averaging
545 mg/I Li and Mg:Li ratio of 5:1
- W1-35 30-day test: averaged 591 mg/l Li and a constant Mg:Li
ratio of 4:1
- W2-90 15-day test: averaged 548 mg/l Li and a Mg:Li ratio of
5:1
The Phase 1 exploration drilling program, which included 11 out
of 15 planned holes on Salar de Pozuelos, has been completed and
the balance of the assay results for brine packer sampling have
been received (See Table 1). Three holes were cancelled due to
ground conditions preventing access.
LSC's President & Chief Executive Officer, Ian Stalker, stated, "the Company has ramped up
its efforts on the ground and is moving positively on the Pozuelos,
Salinas Grande and Rio Grande Projects, as we push to complete
three NI 43-101 compliant resource statements by late this year,
early next year.
These latest results from Pozuelos have confirmed the Company's
expectations in terms of the presence of wide spread, high grade
mineralization across the Pozuelos salar. These results, which are
supported by high grade well pump test results acquired earlier in
the year, maintain the schedule for the delivery of the Pozuelos NI
43-101 Mineral Resource report, planned for the end of the year.
We are pleased with these results as we drive towards planned
pre-feasibility studies in 2018. We hope to be able to start
preliminary testing of these brines using Enirgi Group
Corporation's direct extraction technology in late 2017, early
2018."
This work demonstrates the widespread nature of lithium
mineralization present throughout this large land holding measuring
10,787 hectares.
LSC has now mobilized contractors to conduct a five hole pumping
well test program and hydrogeological studies to assess pumping
conditions in various parts of the Salar de Pozuelos and assess
boundary conditions around the salar. This work program is
anticipated to be completed by the end of November. Drill hole
locations are noted in Table 1.
Table 1: Diamond Drill Program Summary – Salar de Pozuelos
(as of November 10, 2017)
Hole
|
POSGAR 94
datum
|
Depth
(m)
|
Azimuth
|
Dip
|
Type
|
Size
|
Northing
|
Easting
|
SP-2017-01
|
7272418
|
3419735
|
cancelled
|
0
|
90
|
DDH
|
HQ
|
SP-2017-02*
|
7270779
|
3416480
|
128.0
|
0
|
90
|
DDH
|
HQ
|
SP-2017-03
|
7270944
|
3418684
|
cancelled
|
0
|
90
|
DDH
|
HQ
|
SP-2017-04
|
7270942
|
3419993
|
cancelled
|
0
|
90
|
DDH
|
HQ
|
SP-2017-05*
|
7268941
|
3415996
|
101.0
|
0
|
90
|
DDH
|
HQ
|
SP-2017-06*
|
7268948
|
3417304
|
200.0
|
0
|
90
|
DDH
|
HQ
|
SP-2017-07*
|
7268946
|
3418346
|
105.0
|
0
|
90
|
DDH
|
HQ
|
SP-2017-08
|
7268943
|
3419991
|
125.0
|
0
|
90
|
DDH
|
HQ
|
SP-2017-09
|
7267307
|
3419992
|
114.5
|
0
|
90
|
DDH
|
HQ
|
SP-2017-10*
|
7265938
|
3413194
|
141.5
|
0
|
90
|
DDH
|
HQ
|
SP-2017-11*
|
7265026
|
3411995
|
51.8
|
0
|
90
|
DDH
|
HQ
|
SP-2017-12
|
7264931
|
3414288
|
168.5
|
0
|
90
|
DDH
|
HQ
|
SP-2017-13
|
7264932
|
3415970
|
74.0
|
0
|
90
|
DDH
|
HQ
|
SP-2017-14
|
7264938
|
3417970
|
133.5
|
0
|
90
|
DDH
|
HQ
|
SP-2017-15*
|
7263361
|
3415966
|
81.5
|
0
|
90
|
DDH
|
HQ
|
* Results previously
reported in Company's press release dated September 6,
2017.
|
The final brine sample assay data (Table 2) and Relative Brine
Release Capacity data (RBRC) (Table 3) have been received for
several diamond drill holes at Pozuelos. Brine samples are
recovered from the diamond holes using a packer system to isolate
specific levels in the holes and assayed at Alex Stewart Assayers
in Jujuy, Argentina. LSC
previously released results for selected holes and sample intervals
in a press release dated September 6,
2017. The new assay results are primarily for holes on the
periphery of the salar. Assay results are consistent with the
surface sample results from historical sampling3 and are
summarized in Table 2.
Core samples for RBRC tests to determine Specific Yield, a
measure of effective porosity, were taken from selected drill holes
representing all lithologies and all depths of the holes drilled.
Samples are shipped to Daniel B.
Stephens & Associates Inc. ("DBSA") in
Albuquerque, New Mexico for
analysis. DBSA has developed a proprietary method to test effective
porosity of core samples from salars that has been widely adopted
by companies exploring for lithium brines. Details of the method
are described in a paper by Stormont et. al.
(2011)4. Results for RBRC samples are detailed in
Table 3 with one hole – SP-2017-13 results pending. The results
show high RBRC values in the upper halite zones and productive
zones in the deeper lying clastic zones. Pumping tests to develop
additional hydraulic data are planned to commence as soon as a
planned series of 5 pumping wells is completed.
Table 2: Selected Brine Packer Sample Results – Salar de
Pozuelos (as of November 10,
2017)
Hole
No.
|
Sample
Interval
|
Li
(mg/L),
average
|
Li Assay
Range
(mg/L)
|
Ratio
Mg/Li
|
Ratio
SO4/Ca
|
Ratio
Mg/Ca
|
Ratio
K/Li
|
From
(m)
|
To
(m)
|
SP-2017-02*
|
6.00
|
76.00
|
446
|
360-507
|
8
|
12.56
|
3.66
|
9.21
|
SP-2017-05*
|
12.00
|
101.00
|
245
|
169-290
|
9
|
4.84
|
1.71
|
11.97
|
SP-2017-06*
|
14.00
|
46.00
|
282
|
274-289
|
8
|
3.56
|
1.62
|
10.68
|
50.00
|
72.00
|
284
|
272-296
|
8
|
3.34
|
1.48
|
10.73
|
SP-2017-07*
|
14.00
|
34.00
|
285
|
279-291
|
7
|
3.36
|
1.39
|
11.15
|
40.00
|
78.00
|
277
|
259-265
|
7
|
3.70
|
1.41
|
11.43
|
SP-2017-08
|
15.00
|
63.00
|
261
|
259-265
|
5
|
6.39
|
1.20
|
11.69
|
63.00
|
87.00
|
326
|
253-426
|
7
|
14.53
|
2.94
|
10.24
|
SP-2017-09
|
7.10
|
19.10
|
223
|
218-228
|
7
|
4.54
|
1.38
|
9.85
|
34.10
|
58.10
|
237
|
219-255
|
7
|
5.32
|
1.53
|
9.93
|
64.10
|
73.00
|
255
|
241-268
|
7
|
4.79
|
1.35
|
9.36
|
SP-2017-10*
|
24.20
|
94.20
|
458
|
371-576
|
6
|
3.92
|
1.45
|
9.27
|
SP-2017-11*
|
13.20
|
42.20
|
466
|
402-557
|
6
|
1.45
|
1.20
|
8.86
|
SP-2017-12
|
24.00
|
35.00
|
387
|
378-397
|
6
|
0.70
|
0.84
|
8.75
|
54.00
|
70.50
|
397
|
397
|
6
|
0.69
|
0.83
|
8.55
|
75.00
|
89.00
|
404
|
397-411
|
6
|
1.10
|
0.89
|
8.72
|
95.00
|
101.00
|
449
|
447-450
|
6
|
2.10
|
1.15
|
8.27
|
SP-2017-13
|
27.00
|
74.00
|
452
|
430-508
|
6
|
1.77
|
1.02
|
8.19
|
SP-2017-14
|
18.00
|
53.00
|
395
|
272-444
|
5
|
0.97
|
0.83
|
7.99
|
SP-2017-15*
|
18.20
|
81.00
|
370
|
361-385
|
7
|
0.97
|
1.20
|
7.57
|
* Results previously
reported in Company's press release dated September 6,
2017.
|
Table 3: Selected RBRC Sample Results 2017
Diamond Drill Program – Salar de Pozuelos
(as of
November 10, 2017)
|
|
|
|
|
|
|
|
|
Hole
|
From
(m)
|
To
(m)
|
RBRC
(%)
|
|
Hole
|
From
(m)
|
To
(m)
|
RBRC
(%)
|
|
SP-2017-02
|
12.7
|
12.93
|
5.0
|
|
SP-2017-09
|
6.80
|
6.93
|
9.28
|
10.87
|
11.00
|
4.0
|
|
15.83
|
15.94
|
7.30
|
16.03
|
16.26
|
1.7
|
|
35.00
|
35.10
|
14.02
|
34.73
|
34.93
|
4.7
|
|
40.42
|
40.57
|
4.60
|
37.83
|
38.05
|
4.7
|
|
51.74
|
51.86
|
6.31
|
56.54
|
56.75
|
1.1
|
|
56.71
|
56.86
|
16.33
|
71.66
|
71.85
|
2.1
|
|
65.00
|
65.17
|
5.45
|
95.11
|
95.24
|
5.3
|
|
71.10
|
71.34
|
3.16
|
SP-2017-05
|
12.06
|
12.34
|
3.7
|
|
SP-2017-11
|
4.60
|
4.72
|
4.4
|
16.17
|
16.37
|
9.6
|
|
10.75
|
11.00
|
2.9
|
19.80
|
19.91
|
2.5
|
|
17.24
|
17.45
|
2.6
|
27.20
|
27.35
|
4.8
|
|
21.90
|
22.04
|
3.4
|
34.63
|
34.82
|
6.7
|
|
23.90
|
24.12
|
5.8
|
41.76
|
41.90
|
4.7
|
|
29.76
|
29.97
|
2.8
|
49.70
|
49.90
|
5.0
|
|
SP-2017-10
|
6.54
|
6.69
|
4.7
|
65.80
|
66.00
|
3.7
|
|
15.99
|
16.20
|
5.5
|
78.00
|
78.12
|
6.4
|
|
25.49
|
25.64
|
2.9
|
SP-2017-06
|
11.44
|
11.58
|
5.29
|
|
50.85
|
51.04
|
2.2
|
12.01
|
12.21
|
4.67
|
|
64.72
|
64.86
|
0.6
|
15.11
|
15.31
|
3.24
|
|
SP-2017-12
|
7.08
|
7.21
|
10.30
|
18.17
|
19.16
|
2.99
|
|
10.20
|
10.38
|
1.70
|
28.70
|
28.84
|
3.82
|
|
35.21
|
35.32
|
2.50
|
77.30
|
77.84
|
0.36
|
|
47.30
|
47.47
|
0.80
|
SP-2017-07
|
13.40
|
13.59
|
7.98
|
|
45.35
|
45.50
|
7.40
|
17.55
|
17.70
|
5.88
|
|
48.66
|
48.94
|
2.50
|
19.13
|
19.32
|
7.53
|
|
51.63
|
51.83
|
2.60
|
27.80
|
27.98
|
7.55
|
|
60.66
|
60.85
|
4.20
|
50.10
|
50.28
|
6.60
|
|
SP-2017-14
|
8.22
|
8.33
|
1.50
|
62.25
|
62.45
|
6.93
|
|
24.76
|
24.92
|
4.70
|
66.97
|
67.18
|
1.19
|
|
34.09
|
34.23
|
5.80
|
SP-2017-08
|
15.06
|
15.14
|
3.92
|
|
41.62
|
41.78
|
3.70
|
25.28
|
25.44
|
2.40
|
|
45.16
|
45.31
|
8.00
|
30.07
|
30.22
|
4.25
|
|
50.39
|
50.50
|
5.20
|
37.65
|
37.85
|
4.76
|
|
SP-2017-15
|
4.80
|
4.92
|
13.4
|
47.19
|
47.36
|
4.33
|
|
9.71
|
9.87
|
3.3
|
66.50
|
66.65
|
6.19
|
|
16.34
|
16.45
|
11.8
|
90.56
|
90.73
|
1.69
|
|
26.79
|
26.98
|
4.8
|
115.68
|
115.86
|
1.27
|
|
31.72
|
31.83
|
4.3
|
|
|
|
|
|
38.42
|
38.61
|
1.4
|
|
|
|
|
|
45.35
|
45.46
|
4.0
|
|
|
|
|
|
60.20
|
60.32
|
0.8
|
|
|
|
|
|
75.67
|
75.85
|
3.8
|
Sampling and QA/QC
Brine sampling for packer tests involved collection of brine
from the sample interval in a 20-litre container, which was flushed
with fresh brine several times prior to collection of the sample.
Brine was poured into 1-litre sample bottles which had been
previously flushed with fresh brine from the 20-litre container
several times. Sample bottles were filled to the top to eliminate
the inclusion of air and sealed with a leak proof lid. Samples were
labelled and labels covered in clear tape to prevent erasure of
sample information. All samples remained in the possession of the
site geologist until delivery to Alex Stewart Laboratory in Jujuy,
Argentina by courier. Brine
sampling for the pump stress test involved collection of samples
from a valve attached to the pump outlet. Brine was allowed to
flush and then fresh brine was used to wash the sample bottle
several times before collecting the sample. Sample bottles were
1-litre in size and were filled to the top to prevent entrance of
air. The samples were sealed with a leak proof lid, labelled and
the label covered by clear tape. Samples remained in the possession
of the site until delivery by courier to the assay laboratory.
RBRC samples were cut to length using a hack saw, bubble wrapped
for protection and then placed in PVC tubes which were sealed with
packaging tape. The samples were labelled and the labels wrapped in
clear tape. Samples remained in the custody of the site geologist
until shipped. Brine (20 L) from each of the holes from which the
samples were collected was also shipped to DBSA as part of the
sample test protocol. DBSA is independent of LSC.
LSC has a well-developed QA/QC program. Brine assays are
undertaken at Alex Stewart Argentina ("ASA") S.A. in Jujuy,
Argentina. ASA is independent of
LSC and has significant experience in assaying lithium brines and
is certified to ISO17025 standards. Brine assays are undertaken
using ICP, gravimetric, potentiometric and volumetric methods as
detailed in a press release from LSC dated April 10, 2017.
ASA runs internal duplicates at a rate of 1 in 20. LSC inserts
blanks and standards in sample batches at a rate of 1 in 20.
Standards are internal standards developed by LSC that have been
independently certified by round robin testing. LSC uses distilled
water as blanks.
Qualified Person/Data Verification
The scientific and technical information included in this press
release is based upon information prepared and approved by
Donald H. Hains, P.Geo. Mr.
Hains is a qualified person, as defined in NI 43-101 and is
independent of LSC. Mr. Hains has verified all sampling, analytical
and test data underlying the information contained in this press
release by on-site inspection during drilling, brine sampling, and
selection of RBRC samples; review of drill core photographs to
verify lithology; review of certified assay certificates against
the assay data base; review of pump test data; and review of RBRC
results received from DBSA. There are no drilling, sampling,
recovery or other factors that could materially affect the accuracy
and reliability of the data.
ABOUT LSC LITHIUM CORPORATION:
LSC Lithium has amassed a large portfolio of prospective lithium
rich salars and is focused on developing its tenements located in
five salars: Pozuelos, Pastos Grandes, Rio Grande, Salinas Grandes,
and Jama. All LSC tenements are located in the "Lithium Triangle,"
an area at the intersection of Argentina, Bolivia, and Chile where the world's most abundant lithium
brine deposits are found. LSC Lithium has a land package portfolio
totaling approximately 300,000 hectares, which represents extensive
lithium prospective salar holdings in Argentina.
Forward-Looking Statements
Certain statements contained in this news release constitute
forward-looking information. These statements relate to future
events or future performance, including statements as to the
ability and timing of completing pumping tests to develop
additional hydraulic data, a planned series of five pumping wells,
expected mineralization across the Pozuelos Salar, timing and
ability to complete pre-feasibility studies, ability to test LSC's
brine samples, continued positive assay results, the ability of LSC
to confirm prior historical data and anticipated timing to complete
a NI 43-101 report on the Pozuelos, Salinas Grandes and Rio Grande
Projects. The use of any of the words "could", "anticipate",
"intend", "expect", "believe", "will", "projected", "estimated" and
similar expressions and statements relating to matters that are not
historical facts are intended to identify forward-looking
information and are based on LSC's current belief or assumptions as
to the outcome and timing of such future events. Whether actual
results and developments will conform with LSC's expectations is
subject to a number of risks and uncertainties including factors
underlying management's assumptions, such as risks related to:
title, permitting and regulatory risks; exploration and the
establishment of any resources or reserves on the Salar de Pozuelos
or other LSC properties; volatility in lithium prices and the
market for lithium; exchange rate fluctuations; volatility in LSC's
share price; the requirement for significant additional funds for
development that may not be available; changes in national and
local government legislation, including permitting and licensing
regimes and taxation policies and the enforcement thereof;
regulatory, political or economic developments in Argentina or elsewhere; litigation; title,
permit or license disputes related to interests on any of the
properties in which the Company holds an interest; excessive cost
escalation as well as development, permitting, infrastructure,
operating or technical difficulties on any of the Company's
properties; risks and hazards associated with the business of
development and mining on any of the Company's properties. Actual
future results may differ materially. The forward-looking
information contained in this release is made as of the date hereof
and LSC is not obligated to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, except as required by applicable securities laws.
Because of the risks, uncertainties and assumptions contained
herein, investors should not place undue reliance on
forward-looking information. The foregoing statements expressly
qualify any forward-looking information contained herein. For more
information, see the Company's filing statement on SEDAR at
www.sedar.com.
Neither the TSX Venture Exchange Inc. 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.
The TSX Venture Exchange Inc. has neither approved nor
disapproved the contents of this press release.
____________________________________________
1 See technical report titled "Technical Report on the
Salar de Pozuelos Project, Salta
Province, Argentina"
prepared for LSC Lithium Corporation, dated June 29, 2017 with an effective date of
December 31, 2016 filed on LSC's
SEDAR profile.
2 Previously reported in Company's Press Releases dated
April 10, 2017 and September 6, 2017.
3 See technical report titled "Technical Report on the
Salar de Pozuelos Project, Salta
Province, Argentina"
prepared for LSC Lithium Corporation, dated June 29, 2017 with an effective date of
December 31, 2016 filed on LSC's
SEDAR profile.
4 Geotechnical Testing Journal, Vol. 34, No. 5. Paper
available at www.astm.org.
SOURCE LSC Lithium Corporation