NOA Drills High-Grade Lithium Brine Discovery in First Hole at Rio Grande, Including 158 m Averaging 773 mg/l Li

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[{"type":"text","content":"NOA Drills High-Grade Lithium Brine Discovery in First Hole at Rio Grande, Including 158 m Averaging 773 mg/l LiTORONTO, ON / ACCESSWIRE / June 22, 2023 / NOA Lithium Brines Inc. (TSXV:NOAL)(FSE:N7N) (\"NOA\" or the \"Company\") is pleased to report positive lithium results from brine samples in the first hole of the Phase 1 diamond drill program at its Rio Grande project (\"Rio Grande\" or \"the Project\"). The hole intersected two high-grade lithium (\"Li\") brine aquifers of significant thickness. Highlights include:71 meter (\"m\") permeable interval with grades averaging 433 milligrams per liter (\"mg/l\") Li, starting at a depth of 101 m158 m permeable interval with grades up to 925 mg/l Li, and averaging 773 mg/l Li, starting at a depth of 311 mTaj Singh, President and CEO states: \"We discovered two brine horizons in our first drill hole at Rio Grande, with grades and thicknesses far exceeding our early expectations for the Project. The shallow aquifer, starting from only ~100 metres from surface, returned an impressive average of 433 mg/l lithium, while the deeper one, starting ~300 metres below surface returned exceptionally high grades, averaging 773 mg/l lithium, with several samples returning in excess of 850 mg/l lithium.\"\"These results rank among some of the highest grading salars in the region - one of most the prolific lithium districts in the world. Brine geochemistry results and observed brine permeabilities were also encouraging for future process planning and project development. Our second hole is well advanced, and we look forward to continuing to progress our drill program at the Project to support a maiden mineral resource estimate by early 2024,\" added Mr. Singh.The results of the first hole drilled bode well for the on-going drill program at the Project, as the Company controls a majority of the north / northeast part of the basin surrounding the salar in which this discovery was made. Additionally, NOA is one of the largest claimholders at the Rio Grande salar / basin. The results also validate the Company's thesis that brine horizons extend beyond the surface manifestation of the salar.Results for Hole DDH-RG23-001The results of the brine analyses and the respective intervals are shown in Table 1 below and drill collar information is presented in Table 2 below. Hole DDH-RG23-001, drilled at the Su...

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