TSX Venture Exchange Symbol: AAL
VANCOUVER, Jan. 17, 2018 /CNW/ - Advantage Lithium Corp.
(the "Company" or "Advantage Lithium") (TSX Venture: AAL) (OTCQX:
AVLIF) is pleased to provide this update on the brine sampling
of diamond core hole CAU15 in the south of the previously undrilled
NW Sector of the Cauchari JV property located in Jujuy Province,
Argentina.
Highlights:
- Drilling intersected extensive sandy sediments, confirming the
NW Sector contains relatively high drainable porosity and
permeability south from CAU07 through CAU16 to CAU15
- The brine body intersected in CAU15 extends over
>132 m vertically and is expected
to continue below the base of sampling at 234.5 m
- CAU15 brine averages 407 mg/l Lithium and 3,196 mg/l Potassium
from 102-234.5 m depth, with a higher
average grade of 475 mg/l Lithium and 3,662 mg/l Potassium from
174-234.5 m
- Average Mg/Li ratio of 3.1:1, only slightly higher than
previous holes CAU07 (2.3:1), and CAU16 (2.5:1) in the NW Sector –
very positive for utilisation of conventional or other brine
processes
- Diamond drilling ongoing on holes CAU12 and CAU13 in the south
of the SE Sector, to provide increased drilling density and
geological information in this area. These holes are separated by 2
km, with CAU13 located 2 km southwest of CAU09
- Preparing to drill diamond holes CAU17 and CAU18 in the NW
sector for resource estimation
- Pumping tests carried out on CAU08 and CAU11 will be reported
as soon as assay results are available
President & CEO, Mr. David
Sidoo, commented: "With the results from CAU15 we now
have important additional information in the NW Sector that
suggests the potential for excellent hydraulic parameters in this
area, with an abundance of sandy units that are likely to support
relatively high brine flow rates. The Mg/Li ratio is broadly
similar to other holes in the project area and confirms the
expectation of applying the conventional Olaroz process to the
Cauchari brine. We will evaluate the high grade brine further in
the deepening of CAU07, with preparations underway to drill holes
CAU17 and CAU18 as part of the 2018 drilling program in the NW
Sector."
"Now that the program is more advanced Frits Reidel of hydrogeological consultants
FloSolutions will be acting as the nominated QP for the future
reporting of exploration results, leading up to a new resource
estimate. FloSolutions are currently providing independent
oversight of drilling and sampling activities."
NW SECTOR - CAU15 Drilling Results
Drilling intersected an extensive sequence of sandy material,
with coarse sandy gravel units in the last 20 m of the hole. Brine assays from 9 samples at
an average sample spacing of 15 m
returned an average of 407 mg/l Lithium and 3,196 mg/l Potassium
over 132.5 m from a depth of
102 m to the base of sampling at
234.5 m, with the total hole depth
243.5 m. Higher grade brine in the
deeper part of the hole averaged 475 mg/l Lithium and 3,662 mg/l
Potassium from 174 to 234.5 m. The
brine mineralisation shows similarities to CAU16 and CAU07, where
higher grade brine is present beneath brackish water and low grade
brine that begins at surface. In CAU15 this low grade material
extends to a depth of approximately 100
m below surface. Intersection of Li mineralised brine in
CAU15 suggests brine mineralisation continues further south.
CAU15 is located approximately 6.5 km south of CAU16, for which
results were released in November. The brine body defined to date
extends some 12.5 km in the N-S direction between CAU7 and CAU15.
Diamond core holes CAU07, CAU15 and CAU16 have all intersected
relatively permeable sandy sediments that are expected to yield
relatively high pumping rates from the NW Sector, which is very
positive for future brine extraction.
Brine sampling was undertaken systematically at a nominal
12 m vertical interval using bailer
sampling equipment, depending on the conditions encountered in the
hole.
The Mg/Li ratio in all brine samples is low, averaging 3.1:1
across all the samples and 2.9:1 over the higher grade interval
from 174-234.5 m. This confirms the
suitability of the brine for conventional brine processing, as
applied at the nearby Olaroz project.
Drill core samples from CAU15 will be sent to an experienced
porosity laboratory in the United
States, where they will be analysed for drainable porosity
characteristics for use in the upcoming resource estimate.
NW SECTOR - CAU17 and CAU18 Drilling
Preparations are underway for drilling of diamond holes CAU17
and CAU18 in the NW Sector to supplement holes drilled in 2017 for
resource estimation.
SE SECTOR – Drilling and pumping activities
CAU08 and CAU11 Pumping Test Results
Initial pumping test results are imminent for hole CAU08,
located in the center of the SE Sector, and CAU11, located further
to the south. Results will be provided when they become
available.
Diamond Drilling of CAU12 and
CAU13
Diamond holes CAU12 and CAU13 commenced in December and drilling
is continuing following the end of year shutdown period, with the
holes expected to be finished around the end of January or early
February. This diamond drilling will provide additional information
on the distribution of sedimentary units in the SE Sector and will
provide samples for laboratory analysis of porosity. Additional
information will be provided as it becomes available.
The technical information in this news release has reviewed and
approved on behalf of the Company by Mr. Frits Reidel, a "Qualified Person" as defined in
NI 43-101.
ADVANTAGE LITHIUM CORP.
Per:
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"David
Sidoo"
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David Sidoo,
President
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Tel:
604.343.3760 l Fax: 604.683.1585
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Email:
info@advantagelithium.com
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About Advantage Lithium Corp.
Advantage Lithium Corp. is a resource company specializing in
the strategic acquisition, exploration and development of lithium
properties and is headquartered in Vancouver, British Columbia. The common shares
of the Company are listed on the TSX Venture Exchange (TSX-V: AAL),
and the Company is also traded on the OTCQX Best Market in the U.S.
(OTCQX: AVLIF). The Company has acquired a 100% interest in five
projects in Argentina and has
acquired a 75% interest in a sixth, called Cauchari. The Cauchari
project is located just 20 km south of Orocobre's flagship Olaroz
Lithium Facility.
Further information about the Company can be found at
www.advantagelithium.com.
Cautionary Statement:
Certain information contained in this press release constitutes
"forward-looking information", within the meaning of Canadian
legislation. Generally, these forward-looking statements can be
identified by the use of forward-looking terminology such as "is
expected","intends", or "has the potential to". Forward
looking statements contained in this press release may include
statements regarding the future operating or financial performance
of Advantage that involve known and unknown risks and uncertainties
which may not prove to be accurate. Actual results and outcomes may
differ materially from what is expressed or forecasted in these
forward-looking statements. Such statements are qualified in their
entirety by the inherent risks and uncertainties surrounding future
expectations. The forward-looking statements included in this press
release are made as of the date of this press release and the
Company disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly
required by applicable securities legislation.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Advantage Lithium Corp