Maiden Resource Estimate Expected
Shortly
VANCOUVER, Sept. 21, 2018
/CNW/ - NRG Metals Inc. ("NRG" or the "Company") (TSX-V: NGZ)
(OTCQB: NRGMF) (Frankfurt: OGPN) The Company is pleased to announce
the completion of a second pumping well at the Hombre Muerto North
Lithium Project, Salta, Argentina.
The well, designated TWW18-02, was drilled to the target depth of
400 meters, and it is located immediately adjacent to core hole
TH18-02, which was described in the company's press releases dated
July 10, 2018 and August 23, 2018. Pumping tests will commence
shortly.
Pumping well TWW18-02 was drilled adjacent to core hole TH18-02
on the western side of the Tramo concession. The core hole was
drilled to a depth of 281 meters, and the arithmetic average of
single packer, double packer and one bailer sample from surface to
a depth of 230.5 meters was 638 mg/L with a low Mg to Li ratio of
2.65 to one. Host rocks were mainly poorly-consolidated sandstone
from surface to 77 m, followed by
compact halite from 77 to 139 m,
poorly-consolidated sandstone from 139 to 166 m and then intercalated halite and sandstone
to the bottom of the hole. The results from the pumping well were
consistent with the core hole.
As we reported in our press release dated June 28, 2018, the arithmetic average of all
samples (single packer) for TH18-01 from the surface to a depth of
401 meters was 900 mg/L with a low magnesium to lithium ratio of
3.0 to one. Host rocks were almost entirely poorly-consolidated
sandstone and conglomerate. Pumping well TWW18-01 was drilled
adjacent to core hole TH18-01, and the results from the pumping
well were consistent with the core hole. Initial pumping tests from
TWW18-01 indicated an average pumping rate of 25 liters per second
of brine, but the capacity of the pump was limited, and we expect
that this rate will be exceeded with a larger pump. TH18-01
and TWW18-01 are located on the eastern side the Tramo concession
approximately 2.1 kilometers from hole TH18-02 and TWW18-02.
Two bulk samples of brine have been collected from pumping well
TH18-01 for technical evaluation. A 200 liter sample has been
shipped to the Company's strategic partner Chengdu Chemphys
Chemical Industry Co., Ltd, ("Chemphys"), located in Chengdu, China. Chemphys, along with Sunresin
New Materials Co. Ltd. , Xi'an,
located in Shaanxi, China, are
evaluating the brine for new recovery applications. A large
bulk sample has also been collected via tanker truck by Alex
Stewart Laboratories, located in Jujuy, Argentina, to evaluate and optimize magnesium
removal.
NRG's technical advisor, Montgomery and
Associates of Santiago,
Chile, is preparing a
maiden resource estimate compliant to National Instrument
43-101, as part of a technical report for the Hombre Muerto
North project, which will be completed and
announced shortly.
The preparation of this press release was supervised by Mr.
William Feyerabend, a Certified
Professional Geologist and a Qualified Person under NI 43-101. Mr.
Feyerabend approves of the technical and scientific disclosure
contained in this press release.
The TSX Venture Exchange has not reviewed the content of this
news release and therefore does not accept responsibility or
liability for the adequacy or accuracy of the contents of this news
release.
This news release contains certain "forward- looking statements"
within the meaning of Section 21E of the United States Securities
and Exchange Act of 1934, as amended. Except for statements of
historical fact relating to the Company, certain information
contained herein constitutes forward- looking statements.
Forward-looking statements are based upon opinions and estimates of
management at the date the statements are made, and are subject to
a variety of risks and uncertainties and other factors which could
cause actual results to differ materially from those projected in
the forward looking statements. The reader is cautioned not to
place undue reliance on forward- looking statements. The
transaction described in this news release is subject to a variety
of conditions and risks which include but are not limited to:
regulatory approval, shareholder approval, market conditions, legal
due diligence for claim validity, financing, political risk,
security risks at the property locations and other risks. As such,
the reader is cautioned that there can be no guarantee that this
transaction will complete as described in this news release. We
seek safe harbor.
On behalf of the board of directors of NRG Metals
Inc.,
Adrian F. C. Hobkirk, President
and C.E.O.
SOURCE NRG Metals Inc
