TSX Venture Exchange Symbol: AAL
VANCOUVER, April 24, 2019 /CNW/ - Advantage Lithium
Corp. (the "Company" or "Advantage Lithium") (TSX Venture:
AAL) (OTCQX: AVLIF) announces that it has filed a National
Instrument 43-101 independent technical report ("Technical Report")
describing the updated mineral resource estimate for the Cauchari
JV brine deposit located in Jujuy Province, Argentina. This report supports the Company's
earlier news release of March
7th 2019. There are no material differences
between the resource estimate in the Technical Report and the news
release disclosure of March
7th 2019.
The updated resource estimate was prepared by FloSolutions SpA
of Santiago, Chile with Mr.
Frits Reidel being the independent
Qualified Person ("QP") who has reviewed the technical content of
this release.
As previously disclosed, based on an intensive and successful
drilling campaign in 2018, the updated estimate has increased the
resource to a volume of 1.9km3 of brine at an average
concentration of 476 mg/l lithium equivalent to 4.8 Mt of Lithium
Carbonate Equivalent ("LCE") in the Measured and Indicated
("M&I") categories. The Inferred resource is now estimated at
0.6km3 of brine at an average grade of 473 mg/l lithium
equivalent to 1.5 Mt of LCE. The M&I resource will now form the
basis for a Pre-Feasibility Study currently underway.
The Technical Report can be found on the Company's website
www.advantagelithium.com and under the Company's profile at
www.sedar.com.
ADVANTAGE LITHIUM CORP.
Per: "Callum
Grant"
Callum Grant, P.Eng, Interim
Chief Executive Officer
Tel: 604.343.3760 | Fax: 604.683.1585
Email: info@advantagelithium.com
About Advantage Lithium Corp.
Advantage Lithium Corp
is focused on developing its 75% owned Cauchari lithium project,
located in Jujuy, Argentina. The Company also owns 100%
interest in three additional lithium exploration properties in
Argentina: Antofalla, Incahuasi,
and Guayatayoc. The Company is headquartered in Vancouver, British Columbia and trades on the
TSX Venture Exchange (TSX-V:AAL) and on the OTCQX Best Market in
the U.S. (OTCQX: AVLIF).
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