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ION Energy: Significant Lithium Brine Discovery at Urgakh Naran Lithium Project
Toronto, Ontario--(Newsfile Corp. - May 10, 2022) - ION Energy Limited (TSXV: ION) (OTCQB: ION...
About this update from Osiris One Metals Ltd.
[{"type":"text","content":"ION Energy: Significant Lithium Brine Discovery at Urgakh Naran Lithium ProjectToronto, Ontario--(Newsfile Corp. - May 10, 2022) - ION Energy Limited (TSXV: ION) (OTCQB: IONGF) (FSE: 5YB) (\"ION\" or the \"Company\") is extremely pleased to report that the Company has made a significant lithium brine discovery at its +29,000 hectare 100% owned Urgakh Naran Lithium Project in Mongolia. The brine sample was collected at surface from a shallow pool and assayed 918 mg/L Lithium. This is an exceptional early result for the Company and is the highest grade lithium brine known to have ever been collected in Mongolia. This is also in line with lithium brine results from producing operations immediately to the south in China.\"These exceptional early results are extremely exciting for all stakeholders, they reinforce the Company view that high quality lithium brines could be discovered at the Urgakh Naran Lithium Project. We anticipate many more positive updates to the market in the coming months as exploration is ramped up over summer. ION has an active and expanded exploration team on site at Urgakh Naran and exploration is ongoing,\" said Ali Haji, CEO & Director of ION Energy Ltd. Figure 1. Location of brine sample collection on one of the salt lakes at Urgakh Naran, showing natural evaporation ponds.To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/6906/123421_f6a76bdfd453596b_002full.jpgFigure 2. Brine collected on site at Urgakh Naran during ION's exploration program.To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/6906/123421_f6a76bdfd453596b_003full.jpgFigure 3. Exploration status at Urgakh Naran as at May 9, 2022.To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/6906/123421_f6a76bdfd453596b_004full.jpgThe sample was obtained from a surface evaporation pond indicative of Lithium brine potential at depth. Due to surface evaporation effects, the assay result may not be indicative of lithium grade at depth but is highly encouraging. A series of targeted holes is planned to test brine potential at depth upon completion of the current geophysical and shallow auger hole program.The Company has now completed all 72 auger drill holes for a total of 820.5 metres and 427 geochemical samples includi...