Excellent pumping rate of 19 l/s at 515 mg/l
Lithium in CAU11
TSX Venture Exchange Symbol: AAL
VANCOUVER, Feb. 6, 2018 /CNW/ - Advantage Lithium
Corp. (the "Company" or "Advantage Lithium") (TSX Venture: AAL)
(OTCQX: AVLIF) is pleased to provide this update on the pumping
tests conducted on wells CAU11 and CAU08 of the Cauchari JV
property located in Jujuy Province, Argentina.
Highlights:
- Brine flow rate of 19 l/s at 515 mg/l Lithium and 4,577 mg/l
Potassium in hole CAU11 in the SE Sector, from a newly discovered
deep sand unit
- Lithium concentration of 517 mg/l Lithium and 5,319 mg/l
Potassium in hole CAU08 in the SE Sector
- The brine from CAU11 and CAU8 has low Mg/Li ratios averaging
2.6:1 and 2.4:1 respectively
- Rotary hole CAU07 was completed and will undergo
pumping tests in February 2018
- Core holes CAU12 and CAU13 in the SE Sector have advanced to
depths of 377 m and 439 m,
respectively
SE Sector - CAU11 drilling results
CAU11 is located in the SE Sector of the property; 5.6 km
southeast of CAU09 (refer to map Figure 2). This drill hole
intersected sediments comprising halite, clay and some sand to
405 m depth. An important
interval of sand dominated material was encountered from
405 m to 480
m depth and corresponds to a deeper sand unit which the
company was exploring for. Further exploration will be undertaken
to evaluate the extent and thickness of this sand dominated
unit.
The initial constant rate pumping test conducted on hole CAU11
sustained a flow rate of 19 l/s over a period of 48 hours (Figure
1), which is promising for future brine production. This flow rate
was at the upper limit of the pump capacity used for the test. A
total of 18 brine samples were taken during the pumping test, with
the average concentration of 515 mg/l Lithium and 4,577 mg/l
Potassium and a Mg/Li ratio of 2.6:1.
President & CEO Mr. David
Sidoo commented: "This excellent flow rate and lithium
grade in hole CAU11 confirms the potential of the SE Sector, with
the drilling program continuing to provide additional information
on the salar geology and brine both laterally and at depth. CAU11
included the exciting discovery of deeper sand units, which is
significant for the resource potential in the SE Sector."
SE Sector - CAU08 drilling results
CAU08 was drilled to a depth of 400
m in the south of the SE sector of the project,
approximately 3.5 km south from CAU09 and 5 km south-southeast of
CAU10 (refer to map Figure 2). CAU08 intersected a sequence of
clay, silt and some sand and halite, with significantly less halite
intersected than in CAU09 and CAU10 further to the north. Drilling
was not s ufficiently deep to intersect the target sand dominated
unit encountered in CAU11, due to the physical limitations of the
drilling rig. Consequently it is not yet clear if the deeper sand
unit extends this far north and east.
Screened and blank casing along with gravel pack were installed
to the 400 m depth. The hole was
subsequently cleaned and developed prior to the preliminary pumping
test and brine sampling. A pumping test was carried out at a flow
rate of 2 l/s over a 48 hour period. A total of 34 brine
samples were taken during the pumping test. Brine analyses averaged
517 mg/l Lithium and 5,319 mg/l Potassium, with the Mg/Li ratio at
2.4:1 very similar to the ratio in holes further north in the
properties and to results in the producing Olaroz lithium
project.
All brine analyses were completed in a commercially accredited
laboratory in Argentina,
accompanied by QA/QC samples, comprising brine standards and
duplicates1. This information confirms the importance of
the sand dominated units that Advantage has been exploring for and
encountered in CAU11 and which will be the focus of further
exploration in the SE Sector. Confirmation of the deeper sand unit
compliments the presence of extensive sandy material and similar
brine grades in the NW Sector.
SE Sector – Additional drilling
Diamond holes CAU12 and CAU13 in the SE Sector are at depths of
377 m and 439
m respectively and have both encountered sandy material.
Continuation of these holes will establish whether this is related
to the sand unit encountered in CAU11. Brine assays results will be
reported from these holes when they are received from the
laboratory.
NW Sector – Additional drilling
Well CAU07 has now been completed to a final depth of
348m in the north of the NW Sector
and will be cleaned and developed prior to undertaking a pumping
test in February. Results of initial brine sample analyses were
reported on November 7th
with concentrations of 635 mg/l Lithium and 4,772 mg/l Potassium at
a depth of 236 m.
The pre-collar for diamond hole CAU18 in the far north of the NW
Sector is near completion. Drilling of the pre-collar for CAU17,
also in the north of the NW Sector will be completed following
CAU18.
The technical information in this news release has been reviewed
and approved on behalf of the company by Mr. Frits Reidel, a "Qualified Person" as defined in
NI 43-101.
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 holds a 75% interest in Cauchari and a
100% interest in five other projects in Argentina. Cauchari 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.
ADVANTAGE LITHIUM CORP.
Per:
|
"David
Sidoo"
|
|
|
David Sidoo,
President
|
|
Tel:
604.343.3760 | Fax: 604.683.1585
|
|
Email:
info@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.
Table 1: Summary of drill hole locations and
characteristics
Exploration
Hole
Number
|
Sector
|
Total
Depth
(m)
|
Depth
Installed
Well (m)
|
Assay
Interval
(m)
|
Lithium
(mg/l
avg)
|
Potassium
(mg/l avg)
|
Drilling
Method
|
Coordinates
Gauss
Kruger Argentine*
|
Elevation
Mean
Sea Level
(m)
|
Azimuth
|
Dip
|
Easting
|
Northing
|
CAU07
|
NW
|
348
|
348
|
236 m only
|
635
|
4,772
|
Rotary/
Diamond
|
3,421,199
|
7,383,989
|
3,940
|
0
|
-90
|
CAU08
|
SE
|
402
|
400
|
60-400
|
515
|
4,577
|
Rotary
|
3,423,941
|
7,374,495
|
3,900
|
0
|
-90
|
CAU09
|
SE
|
400
|
400
|
60-400
|
662
|
6,137
|
Rotary
|
3,423,775
|
7,377,806
|
3,900
|
0
|
-90
|
CAU10
|
SE
|
429
|
340
|
50-340
|
678
|
6,516
|
Rotary
|
3,425,530
|
7,379,295
|
3,900
|
0
|
-90
|
CAU11
|
SE
|
480
|
480
|
50-480
|
517
|
5,319
|
Rotary
|
3,421,757
|
7,372,564
|
3,900
|
0
|
-90
|
CAU12
|
SE
|
Drilling at 377
m
|
Diamond
|
3,421,693
|
7,374,673
|
3,900
|
0
|
-90
|
CAU13
|
SE
|
Drilling at 439
m
|
Diamond
|
3,422,773
|
7,376,283
|
3,900
|
0
|
-90
|
CAU15
|
NW
|
243.5
|
210
|
102-234.5
|
475
within
407
interval
|
3,662
within
3,196
interval
|
Diamond
|
3,419,288
|
7,373,385
|
3,900
|
0
|
-90
|
CAU16
|
NW
|
321.5
|
202
|
14-298
|
529
within
436
interval
|
4,306
within
3,608
interval
|
Diamond
|
3,419,935
|
7,379,900
|
3,900
|
0
|
-90
|
*Zone 3, Argentine Gauss Kruger coordinate system with the
POSGAR datum. Coordinates and elevations are approximate and will
be confirmed by surveying holes.
____________________________________________
1
Assaying completed at Alex Stewart Laboratories in Jujuy city,
Argentina under strict QA/QC
protocols.
SOURCE Advantage Lithium Corp