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Montero Mining Samples up to 3.66% Lithium at Soris Project in Namibia
TORONTO, Nov. 16, 2017 (GLOBE NEWSWIRE) -- Montero Mining and Exploration Ltd. (TSX-V:MON) has completed an initial channel sampling program at the Soris Lithiu
About this update from Montero Mining And Exploration Ltd.
[{"type":"text","content":"TORONTO, Nov. 16, 2017 (GLOBE NEWSWIRE) -- Montero Mining and Exploration Ltd. (TSX-V:MON) has completed an initial channel sampling program at the Soris Lithium Project in central Namibia which returned an average lithium grade of 0.76% Li2O with values up to 3.66% Li2O from all channel samples. The best result from channel sampling returned 14 metres of 1.93% Li2O. The channel sampling program was designed to test lithium bearing spodumene mineralization in a number of pegmatites on the property where prior operators mined for tantalum and tin and did not test the lithium potential of the property. On October 24, 2017, Montero entered into an agreement and is currently in a legal and technical due diligence period whereby Montero may at any time elect to acquire an 80% interest in the Property by committing to spending C$1 million and completing a feasibility study within 3 years of transfer of the mining rights to Montero. Montero is awaiting mineralogical sample analysis and lithium assay results of RC chips from a prior drill program before electing to acquire an 80% interest. A total of 4 channel sample traverses were collected as representative sections of the pegmatite mineralization along approximately a 2.4 km strike length. Channel samples were taken every 1 metre across the exposed and accessible portions of the pegmatite with a total of 53 samples submitted for full chemical analysis to SGS Laboratories in Johannesburg, South Africa. Channel sample results returned lithium values up to 3.66% Li2O, tantalum values up to 1,917ppm Ta2O5 and tin values up to 12,696ppm SnO2. The samples within the selected channels are representative of those channels but may not necessarily be representative of the overall mineralization hosted in the pegmatites on the property. Spodumene has been identified as the major lithium bearing mineral. Results from channel sampling were returned as follows: RESULTS OF THE CHANNEL SAMPLING PROGRAM Channel Width in Lithium a Tantalum b Tin c Location Metres Li2O % Ta2O5 ppm SnO2 ppm NC1 16 0.68 112 3812 CC1 5 0.13 120 1405 MC1 14 1.93 155 689 SC1 6 0.03 793 401 a. Li2O obtained by conversion factor of 2.153b. Ta2O5 obtained by conversion factor of 1.2211c. SnO2 obtained by conversion factor of 1.2696 - Dr. Tony Harwood, President and Chief Executive Officer of Montero commented, “Montero’s...