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American Salars Lithium Site Visit for Environmental Assessment at Pocitos Lithium Brine Project in Argentina
Vancouver, BC – November 29th, 2024 – TheNewswire – American Salars Lithium Inc. ("American Salars" or the "Company") (CSE:USLI) (OTC:USLIF) (FRANKFURT:Z3P) ann
About this update from American Salars Lithium Inc.
[{"type":"text","content":"Vancouver, BC – November 29th, 2024 – TheNewswire – American Salars Lithium Inc. (\"American Salars\" or the \"Company\") (CSE:USLI) (OTC:USLIF) (FRANKFURT:Z3P) announces that company technical team members will be on site conducting an environmental monitoring assessment as part of the ongoing environmental study. The ongoing study is a key component in preparation for follow on production well drilling and moving towards feasibility studies, pilot production and follow-on commercial production at the Pocitos 1 Lithium Brine Project (“Pocitos 1”) in Salta, Argentina. Figure 1. Previous Drilling at Pocitos 1 It was previously announced on May 28th, 2024 that the vendor had completed its environmental baseline assessment report that will be used for a production EIA. The report is titled \"Environmental and Social Baseline report for the Pocitos 1 and 2 concession on the Pocitos Salt Flats.\" The report was the culmination of four months work by E & C Asociados, a specialist environmental consulting group. The company further announces it has made the Cannon payments required by the Argentinian mining authorities. The project has a December 2023 prepared NI 43-101 Mineral Resource Estimate (“MRE”) consisting of an inferred 760,000 tonne lithium carbonate equivalent (“LCE”). The Mineral resource is contained on the Pocitos 1 block (800 Ha) in combination with the neighbouring Pocitos 2 (532 Ha) block. American Salars does not own the neighboring Pocitos 2 ground which comprises 40% of the gross land package that makes up the resource however it is notable that all drilling to date has been completed on American Salars’ Pocitos 1 block. The Mineral Resource Estimate was prepared by WSP Australia Pty Ltd (“WSP”). WSP has relevant lithium resource expertise and experience working on many of the major lithium resources around the Globe. The resource model will have to be updated to reflect the proportional number of resources on Pocitos 1 concession as the aforementioned resource was shared with Pocitos 2. Additional work on porosity and permeability will also enhance the MRE estimate. R. Nick Horsley, CEO & Director states, “In the past 120 days we have seen close to $9.0 Billion announced lithium industry M&A and Strategic Funding with the majority focused on Argentina and the Lithium Triangle...