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EMP Metals Announces Results Of Lithium Preliminary Resource Assessment
VANCOUVER, BC, May 2, 2023 /CNW/ - EMP Metals Corp. (CSE: EMPS) (OTCQB: EMPPF) ("EMP Metals" or the "Company") is pleased to announce the results of Hub City Li
About this update from Emp Metals Corp
[{"type":"text","content":" VANCOUVER, BC, May 2, 2023 /CNW/ - EMP Metals Corp. (CSE: EMPS) (OTCQB: EMPPF) (\"EMP Metals\" or the \"Company\") is pleased to announce the results of Hub City Lithium Corp. (\"Hub City Lithium\") National Instrument 43-101 Technical Report on the lithium brine potential and preliminary resource assessment (\"Preliminary Assessment\") for the Mansur and Viewfield project areas. The Preliminary Assessment confirms an inferred lithium resource of 1.15 million tonnes of lithium carbonate equivalent (\"LCE\") at a weighted average grade greater than 143 mg/l within Hub City Lithium's Mansur and Viewfield project areas. The Preliminary Assessment evaluates more than 300 wells within the region and evaluates 8 stacked zones of high lithium concentrations within the Duperow formation. Importantly, the Preliminary Assessment also identifies an inferred resource of greater than 500,000 tonnes with concentrations above 198 mg/l with a cutoff grade of 140 mg/l applied. Hub City Lithium remains focused on areas of highest economic potential which combine high reservoir capacity and high lithium concentrations to create a value density that is expected to optimize development economics. Clearly, the Hub City Lithium projects are showing excellent value density, which combined with the relatively shallow 1,800m drill depths and no contamination from H2S or oil residue, is expected to improve project economics over the initial stages of development and during critical payout periods. \"The reservoir quality and high lithium concentrations of up to 259 mg/l have created an unusually high value density within our project areas. We certainly believe that this value density will lead to significant development advantages. We are excited to now be working with Sproule to develop a Preliminary Economic Assessment and outline the capital and lifting cost advantages of this project,\" commented Cam Taylor, ROK Resources CEO and Technical Manager of the project. Lithium in Place Summary by Grade (HCL interest) Li Concentration Grade Cutoff (mg/L) Weighted Ave Li Conc Above Cutoff (mg/L) Viewfield LCE in Place HCL interest Mansur LCE in Place HCL interest Total Lithium in Place (HCL interest) LCE (Tonnes) LCE (Tonnes) LCE (Tonnes) Total all zones > 50 143.4 747,526 399,364 1,157,776 Total all zones > 7...