NRG Metals Inc. (TSX-V:NGZ.V) (OTCQB:NRGMF) (Frankfurt:OGPN.F)
NRG Reports High Lithium Grades for Measured and Indicated Resource at the Hombre Muerto Norte Lithium Project, Argentina
HIGHLIGHTS
- 756 parts per million Li contained within 571,000 tonnes in the Measured Indicated Categories
- Low magnesium to lithium ratio of 2.6 to 1.0
- Second well pumps at 20 liters per second limited only by pump size
VANCOUVER, Oct. 3, 2018 /CNW/ - NRG Metals Inc. ("NRG" or the "Company") (TSX-V:NGZ.V - News) (OTCQB:NRGMF - News) (Frankfurt:OGPN.F - News) is pleased to provide additional information regarding the maiden lithium ("Li") and potassium ("K") resource statement for its Hombre Muerto Norte lithium brine project in the Salta province of Argentina. The average grade of lithium for the 571,000 tonne combined Measured and Indicated resource (509,000 measured and 62,000 indicated) is 756 mg/liter lithium, with a low lithium to magnesium ratio of 2.6 to one.
We provided the NI 43-101 resource statement in Table 1 of our October 2, 2018 press release, and we have reproduced Table 1 below with the inclusion of grade data for lithium and potassium. We refer the reader to our October 2, 2018 press release for detailed information about the resource estimate.
Table 1. Hombre Muerto North Lithium Brine Resource Statement
|
Li2CO3 |
KCl |
||||||
|
|
Brine Volume |
Li Grade |
Li |
Equivalent |
K Grade |
K |
Equivalent |
|
Category |
(1000 m[3]) |
(mg/liter) |
(tonnes) |
(tonnes) |
(mg/liter) |
(tonnes) |
(tonnes) |
|
|
119,862 |
797 |
96,000 |
509,000 |
7,039 |
844,000 |
1,609,000 |
|
Indicated |
21,936 |
534 |
12,000 |
62,000 |
5,517 |
121,000 |
231,000 |
|
M+I |
141,798 |
756 |
107,000 |
571,000 |
6,803 |
965,000 |
1,840,000 |
