Vancouver, BC (FSCwire) - E3 METALS CORP. (TSX-V: ETMC, FSE: OU7A) (the “Company” or “E3 Metals”) is pleased to announce the completion of the first round of sampling of Petro-Lithium brine water from petroleum wells, located over several of E3 Metals’ Metallic and Industrial Minerals (MIM) Permits in Alberta. Samples have been collected in collaboration with 11 oil and gas operators. The samples have been received at the accredited laboratories and are undergoing analysis.
Sampling locations were chosen to confirm historical testing results outlined in the E3 Metals NI 43-101 Report, dated May 18. 2017, available under the Company’s profile at www.sedar.com and at www.e3metalscorp.com. Historical results in the sampling area ranged as high as 74.1 mg/L lithium within E3 Metals MIM Permit areas across this small portion of the reservoir. Additionally, E3 Metals has sampled several locations where no historical lithium concentration data is available. The consistency of the lithium concentrations found within the reservoir is a critical component in allowing for commercialization of the Company’s project. This, combined with the ability to produce large volumes of water, the size of the reservoir and the extraction technology efficiency, forms the fundamentals for developing the Company’s Petro-Lithium Project. E3 Metals is working on all four of these metrics simultaneously to drive this project forward as effectively as possible.
“We are pleased to have delivered samples from the first 43 wells to the lab for analysis, collected during the first round of our ongoing sampling program” said E3 Metals’ CEO, Chris Doornbos, “This is an increase of almost double our expected number of wells and I would like acknowledge the cooperation of the oil and gas operators E3 has been collaborating with during this sampling round. Our sampling will continue into the fall with planning of additional programs currently underway.”
