LSC Lithium Corporation (“
LSC” or together with
its subsidiaries, the “
Company”) (TSXV:LSC) is
pleased to announce the completion of its third drill hole,
SPG-2017-05B, on its Pastos Grandes project. The lithium brine
assay results for this drill hole indicate further lateral
extension and open-ended mineralisation to depth on the
property.
HIGHLIGHTS
- Drill hole SPG-2017-05B averages 569 mg/l Li over
430m
- Peak value of 637mg/l Li intersected
- Grade range of between 543mg/l Li and 637mg/l
Li
- Mineralisation open at depth below 480m
- Mineralised footprint extended on the property and
remains open all round
- LSC is considering combining the potential production
from Pastos Grandes with its Pozuelos project, located only 17km
away
LSC’s President and CEO, Ian Stalker, stated,
“These results continue to underscore the high grade nature and
extensive mineralisation on Pastos Grandes. The fact that lithium
brine mineralisation is open ended at depth below 480m attests to
the potential upside on the project. This positive announcement
follows the recent issue of Mineral Resource statements for both
Pozuelos and Rio Grande. We intend to deliver an NI 43-101 Mineral
Resource on Pastos Grandes this year which will further add to the
already large Mineral Resource asset base LSC has developed over
the last six months”.
As was reported for the previous holes drilled
at Pastos Grandes, including SPG-2017-02B1 and SPG-2017-04A2, this
hole has also returned consistently high lithium grades and is open
ended at depth (See Table 1). The mineralised footprint has now
been further extended on the Company’s tenements and further
demonstrates the quality of this salar. The Company plans to
deliver a NI 43-101 Mineral Resource estimate in Q3-2018 for the
project.
Drill hole SPG-2017-05B was drilled to
complement diamond hole SPG-2017-05A utilizing the tricone method
to a final depth of 500m below surface. The hole is very well
mineralised with lithium throughout and a range of between 543 mg/l
Li and 637 mg/l Li and an average of 569 mg/l Li based on packer
samples. There are three main lithological units present, being
volcanic sands from surface to 35.5m, halites interbedded with
subordinate volcanic and alluvial sands from 35.5m to 304.75m (269m
intersection) and thereafter clastics with a volcanic sand
component to end of hole at 500m (195m intersection). The halite
unit averages 585 mg/l Li over 269m while the lower sand unit
averages 550 mg/l Li over 195m.
The brine chemistry down hole is very favorable
in terms of lithium extraction with ratios as follows:
- Mg/Li: 6.7
- SO4/Ca: 17.9
- Mg/Ca: 6.1
- K/Li: 10.8
- SO4/Li: 19.8
Core samples for Relative Brine Release Capacity
tests to determine Specific Yield, a measure of effective porosity,
were taken from drill hole SPG-2017-05A (located immediately
adjacent to SPG-2017-05B) and will be announced by the Company when
received.
Table 1: Brine Packer Sample Results -
Salar de Pastos Grandes Drill Hole
SPG-2017-05BResults as of February 21,
2018
Hole |
From |
To |
Li |
Mg/Li |
SO4/Ca |
Mg/Ca |
K/Li |
SO4/Li |
|
(m) |
(m) |
mg/L |
Ratio |
Ratio |
Ratio |
Ratio |
Ratio |
SPG-2017-05B |
53.95 |
56.07 |
614 |
7.2 |
22.6 |
7.7 |
10.5 |
21.1 |
80.95 |
83.07 |
629 |
7.2 |
19.9 |
7.9 |
10.2 |
18.1 |
107.95 |
110.07 |
629 |
7.2 |
23.5 |
8.2 |
10.6 |
20.8 |
116.95 |
119.05 |
556 |
6.9 |
19.9 |
6.5 |
10.7 |
21.2 |
149.95 |
152.05 |
550 |
7.0 |
20.4 |
6.5 |
10.9 |
21.7 |
155.95 |
158.05 |
555 |
7.0 |
20.6 |
6.7 |
10.9 |
21.6 |
164.95 |
167.05 |
560 |
7.0 |
21.0 |
6.8 |
10.8 |
21.7 |
182.95 |
185.05 |
566 |
7.0 |
20.5 |
6.8 |
10.7 |
21.2 |
203.95 |
206.05 |
556 |
7.0 |
20.6 |
6.8 |
11.0 |
21.3 |
224.95 |
227.05 |
562 |
7.0 |
20.8 |
6.9 |
10.7 |
21.3 |
236.95 |
239.05 |
568 |
7.1 |
21.4 |
7.0 |
10.9 |
21.7 |
251.95 |
254.05 |
608 |
7.1 |
22.5 |
7.6 |
10.9 |
20.9 |
266.95 |
269.05 |
610 |
7.2 |
22.4 |
7.8 |
10.9 |
20.5 |
277.95 |
280.05 |
630 |
7.2 |
22.6 |
7.9 |
10.8 |
20.6 |
287.95 |
290.05 |
637 |
7.1 |
23.6 |
8.2 |
10.9 |
20.6 |
336.46 |
338.55 |
531 |
6.9 |
15.8 |
5.4 |
11.0 |
20.2 |
345.45 |
347.55 |
473 |
6.5 |
12.5 |
4.0 |
11.3 |
20.3 |
354.45 |
347.55 |
499 |
6.8 |
15.1 |
4.8 |
11.3 |
21.5 |
366.45 |
368.55 |
470 |
6.6 |
14.0 |
4.3 |
11.4 |
21.3 |
375.45 |
377.55 |
481 |
6.4 |
13.3 |
4.1 |
11.7 |
20.5 |
387.45 |
389.55 |
523 |
6.1 |
10.9 |
3.8 |
10.5 |
17.7 |
396.45 |
398.55 |
533 |
6.4 |
12.7 |
4.3 |
10.7 |
18.9 |
402.45 |
404.55 |
543 |
6.0 |
11.5 |
3.9 |
10.3 |
17.6 |
414.45 |
416.55 |
570 |
6.3 |
13.2 |
4.7 |
10.3 |
17.8 |
426.45 |
428.55 |
577 |
5.9 |
11.4 |
4.2 |
10.3 |
15.8 |
435.45 |
437.55 |
634 |
6.9 |
20.0 |
7.0 |
10.7 |
19.5 |
447.45 |
449.55 |
578 |
5.4 |
9.6 |
3.7 |
10.0 |
14.0 |
459.45 |
461.55 |
597 |
5.7 |
10.4 |
4.2 |
10.1 |
14.0 |
470.45 |
472.55 |
636 |
7.1 |
22.3 |
7.6 |
11.1 |
20.7 |
482.45 |
484.55 |
602 |
6.0 |
13.6 |
4.8 |
10.6 |
17.1 |
Table 2: Drill Program Summary – Salar de
Pastos Grandes
Hole |
POSGAR 94 datum |
Depth (m) |
Azimuth |
Dip |
Type |
Size |
Northing |
Easting |
SPG-2017-02 |
7 285 188 |
3 426 958 |
121 |
0 |
90 |
DDH |
HQ |
SPG-2017-02B |
7 284 054 |
3 427 202 |
573 |
0 |
90 |
DDH |
HQ |
SPG-2017-04A |
7 283 169 |
3 430 376 |
554 |
0 |
90 |
Tricone |
3 7/8” |
SPG-2017-05B |
7 282 110 |
3 429 294 |
500 |
0 |
90 |
Tricone |
3 7/8” |
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.
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 and analytical data
underlying the information contained in this press release by
on-site inspection during brine sampling and review of certified
assay certificates against the assay data base.
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 President & 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 ability and timing to publish results from the RBRC
tests, interpretation of drill results, production method, and
ability and anticipated timing to complete a NI 43-101 report on
the Salar de Pastos Grandes. 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 Pastos Grandes 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 Company press release dated November 14, 2017.
2 See Company press release dated December 11,
2017.
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