LSC Lithium Announces High Grade Surface Sampling Results on Salinas Grandes Joint Venture Property
28 February 2018 - 11:30PM
HIGHLIGHTS
LSC Lithium Corporation (“
LSC” or together with
its subsidiaries, the “
Company”) (TSXV:LSC) is
pleased to announce that surface sampling of the Salinas Grandes
LSC/Dajin Resources Corp. (“
Dajin”) joint venture
property of San Jose/Navidad has been completed. This surface pit
sampling exercise was conducted as part of the first phase of
exploration on the property.
Ian Stalker, the Company’s President and CEO
commented, “This sampling program, focused on the 550 hectares of
salar surface on the LSC/Dajin joint venture, extends the Company’s
lithium mineralized footprint1 to the east of the current limit and
establishes the high grade nature of the salar in the Salta section
which can be expected to continue as one moves to the north east
through the Jujuy section of the salar. This successful sampling
program will be followed up with geophysical surveys to generate a
subsurface target and thereafter drilling later this year.”
Of the 25 shallow pit samples taken, 60% of them
have returned grades in excess of 500mg/l Li and 8% in excess of
1,000mg/l Li. The peak value returned for this section of the
sampling was 1,353mg/l Li. Concentrations range from 281mg/l Li to
1,353mg/l Li, averaging 591mg/l Li.
Exploration Methodology
The 24 sample points were pre-planned on a 500m
east/west and north/south grid, utilizing the Company’s
geographical information system and located in the field with a
hand held GPS. At each sample site, an augering drill was used to
excavate an 8-inch diameter hole to a depth of 2m. Thereafter, a
bailer was used to extract brine 0.5m to 1m below the phreatic
level after the brine had been given time to stratiphy over a
30-minute period.
Sampling and QA/QC
The bailed brine from each hole was decanted
into four sterilized plastic litre size bottles and sealed without
any air being trapped in the bottle. 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.
LSC has a well-developed QA/QC program. Brine
assays are undertaken at Alex Stewart Argentina
(“ASA”) SA. 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 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 Ian Stalker President & Chief
Executive Officer 151 Yonge Street, 11th floor Toronto ON, Canada
M5C 2W7 (416) 304 9384 Email: 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 high grade nature of the Salinas Grandes salar and the
ability to conduct and the timing of geophysical surveys. 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 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 Company press release dated January 17, 2018.
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