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International Lithium And Ganfeng Lithium Announce Maiden Resource Estimate at the Mariana Lithium Brine Project, Argentina
Vancouver, British Columbia--(Newsfile Corp. - March 8, 2017) - International Lithium Corp.&#x...
About this update from Ilc Critical Minerals Limited
[{"type":"text","content":"\nInternational Lithium And Ganfeng Lithium Announce Maiden Resource Estimate at the Mariana Lithium Brine Project, ArgentinaVancouver, British Columbia--(Newsfile Corp. - March 8, 2017) - International Lithium Corp. (TSXV: ILC) (the \"Company\" or \"ILC\") is pleased to announce, with strategic partner Ganfeng Lithium Co. Ltd., (\"GFL\") and together the \"Companies\", a maiden resource estimate for the Mariana lithium brine project (the \"Project\") located in Salta, Argentina.SummaryILC requested Geos Mining Minerals Consultants (\"Geos\") based in Sydney, Australia to prepare an independent lithium brine resource estimate for the Companies' Mariana lithium brine deposit in Argentina and compile a report (the \"Report\") consistent with the standards and guidelines set out by the Canadian Institute of Mining, Metallurgy and Petroleum (\"CIM\") and to prepare a Technical Report, in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (the \"NI 43-101 Technical Report\"), including a resource estimate.In preparing the Report, Geos took into account and applied processes which Geos determined to be appropriate for brine style deposits. The Report also adheres to the Joint Ore Resources Code JORC (2012) for mineral projects. The NI 43-101 Technical Report will be available on SEDAR within 45 days. The effective date for the resource estimation is January 20, 2017, which represents the date of the most recent data that supports the brine estimate and this Report.Report highlights - Mariana lithium brine project in ArgentinaThe following highlights taken from the Report, and set out below, should be considered in the context of the detailed information provided.Indicated resource for Resource Area 1 contains an estimated 747,000 tonnes of lithium carbonate equivalent (LCE).The indicated resource for Resource Area 1 is estimated at 765 billion litres of brine grading 306 mg/L lithium (\"Li\") and 9,457 mg/L potassium (\"K\").Based on drill information, the brines within the project area are interpreted to cover an area of about 135 square kilometres and extend from depths of about 0.5 m to at least 329 m.The preliminary estimates for lithium brine are in the upper end of the Companies' expectations, very much validating the Companies' investment policy. Further details from the ReportBr...