VANCOUVER, British Columbia, Oct. 11, 2017 (GLOBE NEWSWIRE) -- NRG Metals Inc. (the “Company”) (“NRG” or the “Company”) (TSX-V:NGZ) (OTCQB:NRGMF) (Frankfurt:OGPN), is pleased to announce that AGV Falcon Drilling SRL of Salta, Argentina has mobilized onto Salar Escondido and is preparing to commence drilling of the Company’s initial drill hole on the property.
As previously reported, AGV has extensive experience in the drilling of salar targets in Argentina, including the Rincon, Cauchari and Rio Grande salars.
The Company had previously announced that they had completed the drilling of a water well on the property on October 6, 2017.
Jose De Castro, the Chief Operating Officer of the Company is at the property and will be overseeing this drill program. Mr. De Castro commented, “We are very excited to commence drilling at Salar Escondido and to be working with AGV Falcon to explore this paleo-Salar where we own a majority the lithium rights in the basin.”
About the Company
NRG Metals Inc. is an exploration stage company focused on the advancement of lithium brine projects in Argentina. In addition to the Salar Escondido lithium project, the Company is evaluating the 3,287 hectare Hombre Muerto North lithium project in the province of Salta. The Hombre Muerto North project is located at the northern end of the prolific Hombre Muerto Salar, adjacent to FMC’s producing Fenix mine and Galaxy Resources’ Sal de Vida development stage project. As announced in a press release dated July 13, 2017, the Company has filed an Environmental Impact Study and applied for permits to drill the Hombre Muerto North Project.
NRG Metals Inc. currently has 73,905,885 shares issued and outstanding and trades on the TSX Venture Exchange under symbol NGZ, on the OTCQB Market under symbol NRGMF, and on the Frankfurt Stock Exchange under symbol OGPN.
