FireFox Gold

Alba Minerals Signs Option Agreement to Acquire Quiron II Lithium Project

Vancouver, British Columbia / TheNewswire / July 20, 2017 - Alba Minerals Ltd. ("Alba") (TSX-V:AA; AXVEF:US; Frankfurt: A117RU) is pleased to announce it has signed an option agreement to acquire 100% of the Quiron II lithium project, consisting of 2,421 hectares of prospective exploration property in the Pocitos Salar, Province of Salta, Argentina. The Project is located approximately 7 km South East of Millennial Lithium - Southern Lithium JV Pocitos North Cruz Brine Project and 12 km northeast from the Liberty One Lithium Corp. Pocitos West Project.

The Quiron II property is located within South America's Lithium Triangle (northern Chile, northwestern Argentina and southwest Bolivia), where over half of the earth's identified resources of lithium exist and companies like SQM, FMC and near term producer Ady Ressources are currently mining lithium carbonate.

The Quiron II asset has exceptional geological conditions and strategic location. Hydro geologically it is situated in Pocito's North East flank where the affluents from El Quevar contributes towards the Salar and on the intersection between the Quebrada de Incahuasi and Pocitos Salar subterraneous Aquifer Systems.

The exceptional location of the Property in terms of infrastructure is due to the fact that the Belgrano Cargas rail line Ramal 14 (connecting Estacion de Pocitos with the Chilean deep water port of Antofagasta) main provincial road N? 17 to access the Puna high voltage electricity line and high-pressure gas pipeline are going through the property, allowing exploration and future production activity to occur without any significant holdups.

The 60-kilometer long Pocitos Salar Basin has been superficially explored for the first time in 1979. Since then Lithium values between 100 to 600 parts per million were mentioned by different Canadian and Non-Canadian reporting issuer. (These results are considered historical data).

In a recent study published in the 2016 at the Argentinian Congress of Economic Geology, Dr. Garcia et al. detected very low resistivities at a depth of 65-70 meters in the Northeast of the Pocitos Salar including a portion of Quiron II which can be attributed to sand layers saturated with brines. These Data are very encouraging to continue exploration of the intersection zone and alluvial cone in order to define the potency, thickness and limits of subterraneous facies within the exploration asset.

The terms of the definitive agreement to exercise the option of the 100% interest in the Quiron II property Alba must do the following:

Date Cash Considerations Shares Issued Work
On signing of the Definitive Agreement US$50,000 2,400,000 Nil
On Exchange approval US$50,000 0 Nil
On exploration EIA approval Nil Nil US$400,000(over 18 months)
On month 18th and to gain 100% of the project US$200,000 3,600,000 Nil
TOTAL US$ 300,000 6,000,000 US$400,000

Alba Minerals 7 20 2017

Alba Minerals Ltd. (TSX-V: AA.V, AXVEF:US, Frankfurt: A117RU) is a Vancouver based junior resource company focusing on the development of Lithium Properties in the Clayton Valley of Nevada and Salta Lithium Projects in Argentina. Please visit our web site for further information:


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Golden Minerals

Golden Minerals

Golden Minerals is a Colorado-based precious metals exploration company offering investors leverage to silver and gold prices through a highly prospective portfolio of precious metals projects located in Mexico, Argentina and Nevada (USA). Projects include a PEA-stage silver project with district-scale potential (Argentina) and a gold-silver exploration-stage project located 18 miles northwest of the historic Sleeper Mine in Nevada. The Company is revenue-generating through... LEARN MORE

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