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Metal Energy Acquires Additional Land at Highly Prospective SourceRock Project
Toronto, Ontario--(Newsfile Corp. - July 17, 2023) - Metal Energy Corp. (TSXV: MERG) (OTCQB: MEEE...
About this update from Metal Energy Corp
[{"type":"text","content":"Metal Energy Acquires Additional Land at Highly Prospective SourceRock ProjectToronto, Ontario--(Newsfile Corp. - July 17, 2023) - Metal Energy Corp. (TSXV: MERG) (OTCQB: MEEEF) (the \"Company\" or \"Metal Energy\") is pleased to announce additional claim acquisitions directly adjacent to the SourceRock project (\"SourceRock\" or the \"Project\"). These mining claims were drilled in 2006 and intersected significant saline water flow from 184.7 to 202.39 metres, and halite cubes, sedimentary cements, and beds, including halite precipitating from waters as the core dries from 528.52 to 582.5 metres (see core photo below).* Halite precipitating as described in the core logs suggests the saline fluids are supersaturated with high concentrations of total dissolved solids (\"TDS\"). High TDS concentrations typically correlate with high lithium concentrations (see Figure 2). \"These are essential claims to SourceRock as their previous drill holes demonstrate that we are within a high-pressure sedimentary basin with very high salinity. However, lithium was not a marketable commodity when these drill holes were completed and thus never analyzed in either the fluids or the rocks. Metal Energy now controls a dominant land position covering the deepest parts of the basin. All the pathfinder elements and multiple supporting documents suggest high lithium concentrations are probable. SourceRock is permitted to drill, and we believe a few drill holes can assess the geologic validity of our thesis,\" said James Sykes, CEO of Metal Energy.Drill Hole: BSW-06-04 (somewhere between 567.05 to 557.8 m), ^ identifies salt beds. Source: Vendor To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7926/173734_metalimage1.jpgSourceRock Exploration PlansSourceRock is a drill-ready project with an exploration permit already in-hand from the Ontario Ministry of Mines for up to 20 drill pads. Initial geophysical data compilation has already identified saline brine drill targets on the Project. The Company is currently engaged with local Indigenous groups, communities, and stakeholders, and anticipates a drill program to commence after sufficient and meaningful consultation has been completed.About the SourceRock Li Brine ProjectSourceRock is highly prospective for lithium (\"Li\") brines in the Thunder Bay-Nipig...