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Alba Minerals Ltd., Enters into an Option Agreement to Acquire 100% of the Quiron II Project Located in the Pocitos Salar, Salt, Argentina
(via TheNewswire) Vancouver, British Columbia / TheNewswire / July 20, 2017 - Alba Miner...
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[{"type":"text","content":"Alba Minerals Ltd., Enters into an Option Agreement to Acquire 100% of the Quiron II Project Located in the Pocitos Salar, Salt, Argentina(via TheNewswire)\n\n \nVancouver, British Columbia / TheNewswire / July 20, 2017 - Alba Minerals Ltd. (\"Alba\") (TSX-V:AA; AXVEF:US; Frankfurt: A117RU) is pleased to announce it has signed an option agreement to acquire 100% of the Quiron II lithium project, consisting of 2,421 hectares of prospective exploration property in the Pocitos Salar, Province of Salta, Argentina. The Project is located approximately 7 km South East of Millennial Lithium - Southern Lithium JV Pocitos North Cruz Brine Project and 12 km northeast from the Liberty One Lithium Corp. Pocitos West Project.\n\n\n \nThe Quiron II property is located within South America's Lithium Triangle (northern Chile, northwestern Argentina and southwest Bolivia), where over half of the earth's identified resources of lithium exist and companies like SQM, FMC and near term producer Ady Ressources are currently mining lithium carbonate. \n\n\n \nThe Quiron II asset has exceptional geological conditions and strategic location. Hydro geologically it is situated in Pocito's North East flank where the affluents from El Quevar contributes towards the Salar and on the intersection between the Quebrada de Incahuasi and Pocitos Salar subterraneous Aquifer Systems. \n\n\n \nThe exceptional location of the Property in terms of infrastructure is due to the fact that the Belgrano Cargas rail line Ramal 14 (connecting Estacion de Pocitos with the Chilean deep water port of Antofagasta) main provincial road N? 17 to access the Puna high voltage electricity line and high-pressure gas pipeline are going through the property, allowing exploration and future production activity to occur without any significant holdups.\n\n\n \nThe 60-kilometer long Pocitos Salar Basin has been superficially explored for the first time in 1979. Since then Lithium values between 100 to 600 parts per million were mentioned by different Canadian and Non-Canadian reporting issuer. (These results are considered historical data).\n\n\n \nIn a recent study published in the 2016 at the Argentinian Congress of Economic Geology, Dr. Garcia et al. detected very low resistivities at a depth of 65-70 meters in the Northeast of the Pocitos Salar including a portion of Quiron II which ca...