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Alset Engages SRK Consulting to Undertake Mineral Resource Estimates for Three of Its Lithium Salars, Consolidates Share Capital
Vancouver, British Columbia--(Newsfile Corp. - February 27, 2018) - Alset Minerals Corp. (TSX...
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[{"type":"text","content":"Alset Engages SRK Consulting to Undertake Mineral Resource Estimates for Three of Its Lithium Salars, Consolidates Share CapitalVancouver, British Columbia--(Newsfile Corp. - February 27, 2018) - Alset Minerals Corp. (TSXV: ION) (\"Alset\" or \"the Company\") is pleased to report that it has engaged SRK Consulting, to perform Mineral Resource Estimates (MREs) on three of its lithium salars. The salars include: Santa Clara, La Salada, and Caliguey. Of the salars in the Zacatecas and San Luis Potosi areas, Santa Clara is the largest, La Salada has the highest average lithium grade, and Caliguey hosts the highest-grade lithium sample and the second highest average lithium grade.SRK Consulting has a demonstrated track record in undertaking independent assessments of resources, reserves, project evaluations and audits. SRK has an office in Mexico and its staff has significant experience in the compilation of NI 43-101 reports. SRK's previous international experience in the lithium mining industry is extensive and includes work on brines, clays, pegmatites, and volcanic hosted deposits.President and Chief Executive Officer Allan Barry Laboucan said: \"In the past year we expanded our Mexican portfolio from having six lithium prospective salars, to an additional 7 salars and then staked nearly one million acres over three very large salars. All of these salars are 100% owned Alset projects. We look at it as two main project regions, with a southern cluster of 13 salars in the states of Zacatecas and San Luis Potosi, and the second much larger northern cluster in the state of Coahuila. The salars that make up the southern cluster are the most advanced, with enough historical data and recent work to be able to complete a number of mineral resource estimates. These are the three mentioned earlier which include our largest salar, the highest-grade lithium salar, and the salar with the highest-grade lithium sample in the southern cluster. We are excited to be able to complete initial mineral resource estimates on these three salars. This work will help provide scope to the tonnage potential of these three salars and help lead our future work on exploration and development of all our lithium prospective salars in the southern cluster.\" The Company is also pleased to announce that, further to its January 16, 2018 news release it has rec...