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Grounded Lithium Announces 28% Increase in Lithium Carbonate Equivalent Inferred Resources to 3.7 Million Tonnes
Grounded Lithium Announces 28% Increase in Lithium Carbonate Equivalent Inferred Resources to 3.7...
About this update from Grounded Lithium Corp
[{"type":"text","content":"\n \n \n \n Grounded Lithium Announces 28% Increase in Lithium Carbonate Equivalent Inferred Resources to 3.7 Million Tonnes\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Dec. 20, 2022\n \n \n /CNW/ - (TSXV: GRD) (OTCQB: GRDAF) - Grounded Lithium Corp. (\"\n \n GLC\n \n \" or the \"\n \n Company\"\n \n ) is pleased to announce we filed an updated National Instrument 43-101 –\n \n Standards of Disclosure for Mineral Projects\n \n (\"\n \n NI 43-101\n \n \") effective\n \n November 30, 2022\n \n (the \"\n \n Updated\n \n \n Technical Report\n \n \") on our Kindersley Lithium Project (\"\n \n KLP\n \n \"). The Updated Technical Report was prepared or under the supervision of certain qualified persons (as defined in NI 43-101) by Sproule Associates Limited (\"\n \n Sproule\n \n \"), a global leader in subsurface fluid resource evaluations with over seventy years of experience.\n \n \n \n \n \n \n \n \n \n The Updated Technical Report concludes that the inferred resource of lithium carbonate equivalent (\"\n \n LCE\n \n \") for the KLP totals 3.7 million tonnes. This represents a 28% increase from our previous NI 43-101 technical report dated\n \n April 15, 2022\n \n which reported a total LCE inferred resource of 2.9 million tonnes for the KLP. The increase is largely the result of continued consolidation of the Company's overall land base in the KLP as well as key learnings from the Company's recently completed lithium test well, the results of which were communicated in our press release dated\n \n December 13, 2022\n \n . The Company's total land position for the KLP currently equals 266 sections (approximately 69,000 hectares), both gross and net, with total Company landholdings at 300 sections (approximately 78,000 hectares), again both gross and net.\n \n \n The Updated Technical Report incorporates a thorough assessment similar to the rigour used in understanding subsurface fluid dynamics used by operators in the petroleum industry. The Updated Technical Report contains th...