LSC Lithium Discovers Deep Seated Lithium in Brine Bearing Formations in Excess of 500m Depth on Rio Grande
22 January 2018 - 11:30PM
HIGHLIGHTS
LSC Lithium Corporation (“
LSC” or together with
its subsidiaries, the “
Company”) (TSX-V:LSC) is
pleased to announce that the results for the recently completed
Controlled Source Audio-frequency Magnetotellurics
(“
CSAMT”) subsurface conductivity survey carried
out on LSC’s Rio Grande lithium project (See Map 1) indicate that
there could be significant depth to the lithium bearing formations
on the project.
The Company’s President & CEO Ian Stalker
commented “The fact that the potential depth to the base of the
salar on Rio Grande is estimated to be over 500m is a significant
discovery for the Company. This adds an additional 400m to the
depth of known brine bearing formations which may be a potential
upside for the project. We look forward to publishing the results
from our recent drill program that will add further value to this
announcement and to the 2018 Mineral Resource delineation exercise
which will test this deeper target”.
In order to acquire high resolution
magnetotelluric imaging, the geophysical contractor used the
digital MT acquisition system STRATAGEM EH-4. The STRATAGEM EH-4
acquisition system (Hybrid Source Magnetotellurics) uses the
magnetotelluric method to measure subsurface conductivity.
Interpretation of the results indicates that the
potential for lithium bearing formations extends to depths in
excess of 500m below surface (See Map 1 and Figure 1). Secondly,
the results also indicate the presence of two deep seated
depositional centers. The first is well developed in the northern
section of the salar and is open ended both at depth deeper than
500m and laterally to the north. The second depositional center is
more centrally located. LSC’s 2018 drill program will investigate
both of these deep targets and is also designed to deliver a NI
43-101 Mineral Resource to the measured category.
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 data underlying the information contained in
this press release.
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.
For further information please
contact:
LSC Lithium Corporation Ian StalkerPresident
& Chief Executive Officer151 Yonge Street, 11th floorToronto
ON, Canada M5C 2W7(416) 304 9384Email: info@lsclithium.comWeb:
lsclithium.com
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 completion of the CSAMT, likelihood and potential of
significant depth to the lithium bearing formations on Rio Grande,
ability and timing to publish results from the recent drill
program, interpretation of the CSAMT and drill results, ability to
complete the 2018 drill program, and ability and anticipated timing
to complete a NI 43-101 report on the Salar de Rio Grande. 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: drill program results;
title, permitting and regulatory risks; exploration and the
establishment of any resources or reserves on the Salar de Rio
Grande 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.
Two graphics accompanying this announcement are
available at:
http://www.globenewswire.com/NewsRoom/AttachmentNg/323c644d-9121-4293-aeee-43b82c0f95d6
http://www.globenewswire.com/NewsRoom/AttachmentNg/69db2cb2-f063-43d3-b5f6-c345af0ce777
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