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NRG Metals: Drill Program Update and Notice to November 24, 2016 Warrant Holders of Acceleration of Expiry Date
VANCOUVER, British Columbia, Feb. 09, 2018 (GLOBE NEWSWIRE) -- NRG Metals Inc. (“NRG” or the “Company”) (TSX-V:NGZ) (OTCQB:NRGMF) (FrankfurtOGPN), the Company p
About this update from Lithium South Development Corporation
[{"type":"text","content":"VANCOUVER, British Columbia, Feb. 09, 2018 (GLOBE NEWSWIRE) -- NRG Metals Inc. (“NRG” or the “Company”) (TSX-V:NGZ) (OTCQB:NRGMF) (FrankfurtOGPN), the Company provides an exploration update, and advises of the acceleration of the expiry date of certain warrant holders. 2018 Exploration Program Recent surface sampling at the 3,287 hectare Hombre Muerto North lithium project (“HMN Project ”) located in the province of Salta, returned highly favorable results listed below (as previously reported January 26, 2018). Lithium values ranged from 353 milligrams per liter Li to 1,216 mg/l Li, with a favorable Li/Mg ratio in most samples. Sample No. Property Li (mg/L) K (mg/L) Mg (mg/L) Mg/Li SO4 HMN-1 Tramo 1,120 8,554 3,594 3.2 9,158 HMN-2 Tramo 792 6,049 2,392 3.0 9,627 HMN-4 Tramo 1,011 9,236 2,378 2.4 7,441 HMN-6 Tramo 1,216 10,368 3,718 3.1 5,316 HMN-7 Alba Sabrina 353 3,059 2,674 7.6 10,388 HMN-9 Natalia Maria 911 8,857 1,300 1.4 8,528 HMN-11 Natalia Maria 793 8,870 1,075 1.4 7,985 HMN-003, HMN-5, HMN-8 and HMN-10 were blanks and duplicate samples that returned acceptable values. A field visit was conducted by key management, directors, and Chemphys, our strategic lithium partner during the month of January. Road access to the project is excellent, with a rail line and gas pipeline also nearby. During the trip to Argentina, management has interviewed several drill contractors and service providers. The first phase of exploration will consist of the building of two drilling access roads directly onto the salar at the location of the Tramo Claim Group, and one drilling access road at the Alba Sabrina Claim Group. Drill pads will be constructed to accommodate both core drilling, and large diameter drilling used for pumping well testing. The first drill phase will consist of core holes to test geology and confirm lithium values and permeability. If the core holes indicate good lithium mineralization and permeable basin sediments, a pumping well will be rapidly drilled to determine the projects potential to host a lithium resource. The HMN Project is located at the northern end of the prolific Hombre Muerto Salar, adjacent to FMC’s producing Fenix mine and Galaxy Resources’ Sal de Vida development stage project. The HMN Project’s location in a producing salar combined with recently reported surface lithium...