TSX Venture Exchange Symbol: AAL
VANCOUVER, Sept. 18, 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 holes CAU20 and CAU21 in the NW Sector of
the Cauchari JV property located in Jujuy Province, Argentina.
Highlights:
- These results from CAU20 and CAU21 demonstrate the Phase III
infill drilling and resource conversion program is on track to
deliver Measured and Indicated Resources by early 2019
- Systematic brine sampling completed in holes CAU20 and CAU21
respectively averaged 629 mg/l lithium and 4,537 mg/l potassium
from 113-318 m depth and 607 mg/l
lithium and 4,691 mg/l potassium from 125-265 m in the north of the NW sector
- Drill holes encountered predominantly sandy sediments and
gravels that are expected to have high drainable porosity and
excellent permeability to support high pumping rates
- Holes confirm the continuity of the brine body between previous
drill holes in the NW Sector CAU17, CAU18, CAU07 and CAU16
- Very low Mg/Li ratios of 2.1:1 and 2.2:1 respectively, and low
SO4/Li ratios of 24:1 and 23:1 respectively, similar to that
demonstrated during pumping of CAU07 – excellent for conventional
brine processing
- CAU24, completed in the southern portion of the NW Sector,
confirms that brine resources continue over a 20 km distance north
to CAU18 and are generally contained in the permeable sand
dominated units.
President & CEO Mr. David
Sidoo commented: "These excellent results from our Phase
III systematic sampling program confirm the high quality of the NW
Sector brine with low Mg/Li and SO4/Li ratios and excellent aquifer
extraction characteristics. Drilling continues to expand the area
and depth of the brine, as our Cauchari project continues to
develop as the next substantial lithium resource in the
Cauchari-Olaroz basin beside LAC/Ganfeng and Orocobre. Drilling is
ongoing in the NW and SE Sectors as part of the program to upgrade
the resource to Measured and Indicated status, with 4 drilling rigs
on site."
CAU20 NW Sector Drilling Results
CAU20 is a resource hole drilled in the northern part of the NW
Sector between previous holes CAU07 and CAU17 and CAU18. CAU20
confirms the high quality of the brine resource in this area with
629 mg/l lithium and 4,537 mg/l potassium from 113-318 m depth, with very consistent results
throughout the hole and a maximum value of 702 mg/l Li. A total of
16 primary brine samples were taken with a bailer device and the
results of two duplicate samples validate the values of the primary
samples. Samples were taken at systematic 12
m intervals, considered an appropriate sampling interval,
given the porous interconnected nature of the aquifer. QA/QC
results are awaited from the secondary laboratory.
The brine samples have a very low average Mg/Li ratio of 2.1:1
low SO4/Li ratio of 24:1, similar to Advantage test production well
CAU07. Results are similar to those of the adjacent Olaroz project
of Orocobre and Lithium Americas Corp and Ganfeng in Cauchari.
Similarity of brine characteristics across these properties
confirms the Cauchari-Olaroz brine is very extensive and relatively
homogeneous and very suitable for conventional processing.
The relatively permeable and sandy sediments in the NW Sector
have displayed high drainable porosity test results and are
expected to yield relatively high pumping rates, which is very
positive for future brine extraction.
CAU21 NW Sector Drilling Results
CAU21 is a resource hole drilled in the northern part of the NW
Sector between previous holes CAU07 and CAU16. CAU21 further
confirms the high quality of the brine resource in this area with
607 mg/l lithium and 4,691 mg/l potassium from 125-265 m, also displaying very consistent results
throughout the hole, with a maximum of 705 mg/l Li. A total of 11
primary brine samples were taken with a bailer device and two
duplicate samples validate the values of the primary samples.
Samples were taken at systematic 12 m
intervals, considered an appropriate sampling interval, given the
porous interconnected nature of the aquifer.
The brine samples have a very low average Mg/Li ratio of 2.2:1
low SO4/Li ratio of 23:1, similar to CAU07. Similar to CAU20 the
boron and calcium concentrations are also low and excellent for
conventional brine processing.
CAU24 NW Sector Drilling Update
Hole CAU24 has been completed in the south of the NW Sector,
intersecting a sequence of gravels and sandy sediments below a
surficial clay unit and underlying salt (halite) unit. The porosity
and permeability characteristics of these sediments are expected to
be positive and consistent with previous observations in holes such
as CAU15 and CAU16. Sampling has returned brine with positive
characteristics. The results of the brine chemistry analyses
will be announced when they become available.
Pumping Tests
Activities are underway for the installation of monitoring
wells, pipelines and other infrastructure required to carry out 30
day pumping tests on test production well CAU07 in the NW Sector
and CAU11 in the SE Sector. The pumping tests will provide
additional information on aquifer characteristics as an input to
the three dimensional groundwater model that is being developed to
estimate lithium reserves and a production schedule for the
project. The pumping tests will be carried out during 4Q18.
The technical information in this news release has been reviewed
and approved on behalf of the company by Mr Frits Reidel a Certified Professional Geologist
and member of the American Institute of Professional Geologists, 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 | 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