HIGHLIGHTS
- Lithium in brine bearing formations indicated to 500m+ depth
- Two deep seated depositional centers identified
- Historic and current Phase 1 drilling is to 100m
- Results for Phase 1 drill program imminent
- Phase 2 exploration program to test deeper levels of the salar
- NI 43-101 Mineral Resource estimate by end of February 2018
TORONTO, Jan. 22, 2018 (GLOBE NEWSWIRE) -- LSC Lithium Corporation (“LSC” or together with its subsidiaries, the “Company”) (TSX-V:LSC) is pleased to announce that the results for the recently completed Controlled Source Audio-frequency Magnetotellurics (“CSAMT”) subsurface conductivity survey carried out on LSC’s Rio Grande lithium project (See Map 1) indicate that there could be significant depth to the lithium bearing formations on the project.
The Company’s President & CEO Ian Stalker commented “The fact that the potential depth to the base of the salar on Rio Grande is estimated to be over 500m is a significant discovery for the Company. This adds an additional 400m to the depth of known brine bearing formations which may be a potential upside for the project. We look forward to publishing the results from our recent drill program that will add further value to this announcement and to the 2018 Mineral Resource delineation exercise which will test this deeper target”.
In order to acquire high resolution magnetotelluric imaging, the geophysical contractor used the digital MT acquisition system STRATAGEM EH-4. The STRATAGEM EH-4 acquisition system (Hybrid Source Magnetotellurics) uses the magnetotelluric method to measure subsurface conductivity.
Interpretation of the results indicates that the potential for lithium bearing formations extends to depths in excess of 500m below surface (See Map 1 and Figure 1). Secondly, the results also indicate the presence of two deep seated depositional centers. The first is well developed in the northern section of the salar and is open ended both at depth deeper than 500m and laterally to the north. The second depositional center is more centrally located. LSC’s 2018 drill program will investigate both of these deep targets and is also designed to deliver a NI 43-101 Mineral Resource to the measured category.
Qualified Person/Data Verification
The scientific and technical information included in this press release is based upon information prepared and approved by Donald H. Hains, P.Geo. Mr. Hains is a qualified person, as defined in NI 43-101 and is independent of LSC. Mr. Hains has verified all data underlying the information contained in this press release.
ABOUT LSC LITHIUM CORPORATION:
LSC Lithium has amassed a large portfolio of prospective lithium rich salars and is focused on developing its tenements located in five salars: Pozuelos, Pastos Grandes, Rio Grande, Salinas Grandes, and Jama. All LSC tenements are located in the “Lithium Triangle,” an area at the intersection of Argentina, Bolivia, and Chile where the world’s most abundant lithium brine deposits are found. LSC Lithium has a land package portfolio totaling approximately 300,000 hectares, which represents extensive lithium prospective salar holdings in Argentina.
