Drill Hole Returns Wide High Grade Lithium
Results
TORONTO, Nov. 14, 2017 /CNW/ - LSC Lithium
Corporation ("LSC" or together with its subsidiaries, the
"Company") (TSXV:LSC) is pleased to announce the completion
of the first drill hole, SPG-2017-02B, in its 6 hole Phase 1
program on Salar de Pastos Grandes. The lithium assay results
for this drill hole demonstrate consistent high grade thick
mineralised zones to depth. The next 5 holes and pumping test
program are expected to be completed by mid Q1 2018.
DRILL HOLE SPG-2017-02B HIGHLIGHTS
- Average lithium grades returned a peak of 511 mg/l Lithium
- Consistent lithium mineralization to significant depth of 512m
on the Company's property
- Favorable brine chemistry - Mg/Li ratio ranging between 6:1 and
8:1, SO4/Li ratio between 18:1 and 24:1 and K/Li ratio
ranging between 9:1 and 11:1
- Wide zones of lithium mineralization as follows:
-
- 91m at 377 mg/l Lithium from 57m
- 38m at 459 mg/l Lithium from 354m
- 14m at 466 mg/l Lithium from 466m
- NI 43-101 Mineral Resource report expected by Q1 2018
- LSC is considering combined production from salars Pastos
Grandes and Pozuelos, with centralized processing at Pozuelos due
to brine chemistry similarities and capital and operating cost
savings
The Salar de Pastos Grandes is situated 17 km from the Company's
Pozuelos property. It is one of a portfolio of 5 assets belonging
to the Company which includes the other key properties of Salinas
Grandes, Rio Grande, Pozuelos and Jama. These are all located in
the highly prospective Argentinian section of the Lithium Triangle,
which is a proven and current lithium carbonate producing area.
LSC's President & Chief Executive Officer, Ian Stalker, noted that "Further to our
recent news release on the completion of the Phase 1 drill program
at our Pozuelos property, this latest result from Pastos Grande
adds to the value we are creating and may significantly build onto
our anticipated overall contained lithium inventory. Salar de
Pastos Grandes is not fully held by any one owner. LSC owns
approximately 45% of the Salar de Pastos Grandes and we are
considering the feasibility and cost efficiency of pumping brine
from our portion of the Salar directly to a central processing
plant at our Salar de Pozuelos, 17 km away, rather than having two
separate plants at each site. We are pleased with the progress to
date and look forward to more results being produced by year end as
we push on with completion of the NI 43-101 Mineral Resource
reports highlighted previously".
The first hole drilled at Pastos Grandes, SPG-2017-2, was
abandoned at 121m after intersecting artesian water flow. The
balance of the drill program is ongoing with the third drill hole
of the program, SPG-2017-04A, currently at a depth of 413m below
collar and planned to stop at 500m below surface (see Map 1 and
Table 1). The results show consistent and wide zones of lithium
mineralization with the majority of the down hole average grades
being well in excess of 400mg/l Lithium (see Table 2). The current
results also indicate a favorable brine chemistry with the Mg/Li
ratio ranging between 6:1 and 8:1, SO4/Li ratio between
18:1 and 24:1 and K/Li ratio ranging between 9:1 and
11:1.
Table 1: Diamond Drill Program Summary – Salar
de Pastos Grandes
Hole
|
POSGAR 94
datum
|
Depth
(m)
|
Azimuth
|
Dip
|
Type
|
Size
|
Northing
|
Easting
|
SPG-2017-02
|
7 285 188
|
3 426 958
|
121
|
0
|
90
|
DDH
|
HQ
|
SPG-2017-02b
|
7 284 054
|
3 427 202
|
573
|
0
|
90
|
DDH
|
HQ
|
SPG-2017-04A
|
7 22 530
|
3 430 736
|
413*
|
0
|
90
|
Tricone
|
3 7/8"
|
*Current hole depth
with planned end hole depth at 500m.
|
Table 2: Selected Brine Packer Sample
Results
Salar de Pastos Grandes Drill Hole
SPG-2017-02B
From
(m)
|
To
(m)
|
Li
mg/L
|
Mg/Li
Ratio
|
SO4/Ca
Ratio
|
Mg/Ca
Ratio
|
K/Li
Ratio
|
SO4/li
Ratio
|
Density
g/ml
|
57.00
|
59.00
|
414
|
7.90
|
14.74
|
4.90
|
10.17
|
23.77
|
1.22
|
126.00
|
127.00
|
344
|
7.61
|
10.62
|
3.94
|
10.42
|
20.51
|
1.18
|
137.00
|
138.00
|
379
|
7.13
|
9.58
|
4.13
|
9.85
|
16.52
|
1.18
|
147.00
|
148.00
|
371
|
6.81
|
9.94
|
3.80
|
9.82
|
17.79
|
1.17
|
198.00
|
199.00
|
434
|
6.90
|
13.56
|
4.26
|
9.55
|
21.94
|
1.22
|
210.00
|
212.00
|
438
|
6.47
|
13.43
|
4.01
|
9.33
|
21.67
|
1.22
|
216.00
|
218.00
|
436
|
6.72
|
13.73
|
4.16
|
9.32
|
22.16
|
1.22
|
219.00
|
221.00
|
468
|
6.20
|
13.83
|
4.12
|
9.29
|
20.81
|
1.22
|
234.00
|
236.00
|
473
|
6.30
|
14.14
|
4.30
|
9.25
|
20.69
|
1.22
|
252.00
|
254.00
|
466
|
6.29
|
14.00
|
4.16
|
9.25
|
21.14
|
1.22
|
270.00
|
272.00
|
449
|
6.52
|
14.15
|
4.16
|
9.64
|
22.19
|
1.22
|
276.00
|
278.00
|
474
|
6.17
|
13.93
|
4.09
|
9.19
|
21.03
|
1.22
|
282.00
|
284.00
|
477
|
6.25
|
13.80
|
4.20
|
9.40
|
20.53
|
1.22
|
288.00
|
290.00
|
482
|
6.35
|
14.22
|
4.33
|
9.41
|
20.85
|
1.22
|
294.00
|
296.00
|
494
|
6.44
|
14.52
|
4.64
|
9.77
|
20.15
|
1.22
|
303.00
|
305.00
|
436
|
6.39
|
13.17
|
3.89
|
9.19
|
21.67
|
1.22
|
309.00
|
311.00
|
440
|
6.42
|
12.85
|
3.95
|
9.28
|
20.88
|
1.22
|
315.00
|
317.00
|
439
|
6.39
|
12.95
|
3.91
|
9.42
|
21.16
|
1.22
|
321.00
|
323.00
|
440
|
6.30
|
13.10
|
3.87
|
9.24
|
21.36
|
1.22
|
324.00
|
326.00
|
437
|
6.47
|
13.30
|
3.99
|
9.19
|
21.56
|
1.22
|
330.00
|
332.00
|
441
|
6.46
|
13.02
|
4.03
|
9.43
|
20.88
|
1.22
|
336.00
|
338.00
|
441
|
6.39
|
13.06
|
3.97
|
9.41
|
21.04
|
1.22
|
348.00
|
350.00
|
442
|
6.41
|
13.16
|
3.99
|
9.57
|
21.13
|
1.22
|
354.00
|
356.00
|
449
|
6.44
|
13.29
|
4.06
|
9.31
|
21.05
|
1.22
|
360.00
|
362.00
|
443
|
6.37
|
13.28
|
4.02
|
9.31
|
21.05
|
1.22
|
366.00
|
368.00
|
464
|
6.42
|
13.31
|
4.20
|
8.98
|
20.33
|
1.22
|
372.00
|
374.00
|
469
|
6.19
|
13.50
|
4.12
|
9.18
|
20.26
|
1.22
|
378.00
|
380.00
|
466
|
6.51
|
13.15
|
4.27
|
9.15
|
20.01
|
1.22
|
384.00
|
386.00
|
449
|
6.41
|
13.55
|
4.09
|
9.38
|
21.24
|
1.22
|
390.00
|
392.00
|
471
|
6.35
|
12.98
|
4.25
|
9.24
|
19.39
|
1.22
|
396.00
|
398.00
|
475
|
6.40
|
13.66
|
4.31
|
9.34
|
20.29
|
1.22
|
402.00
|
404.00
|
493
|
6.45
|
13.63
|
4.77
|
9.46
|
18.45
|
1.22
|
417.00
|
419.00
|
433
|
6.48
|
13.05
|
3.85
|
9.34
|
22.00
|
1.22
|
423.00
|
425.00
|
429
|
6.56
|
12.93
|
3.85
|
9.47
|
22.03
|
1.22
|
429.00
|
431.00
|
431
|
6.58
|
12.99
|
3.87
|
9.41
|
22.07
|
1.22
|
438.00
|
440.00
|
437
|
6.54
|
13.32
|
3.97
|
9.43
|
21.92
|
1.22
|
456.00
|
458.00
|
460
|
6.54
|
13.65
|
4.17
|
9.58
|
21.39
|
1.22
|
465.00
|
467.00
|
457
|
6.58
|
13.71
|
4.20
|
9.69
|
21.48
|
1.22
|
471.00
|
473.00
|
435
|
6.52
|
13.72
|
4.02
|
9.41
|
22.27
|
1.22
|
477.00
|
479.00
|
506
|
6.31
|
16.97
|
5.20
|
10.48
|
20.57
|
1.22
|
513.00
|
515.00
|
511
|
6.55
|
18.24
|
5.54
|
10.82
|
21.58
|
1.22
|
522.00
|
524.00
|
510
|
6.56
|
17.52
|
5.52
|
10.86
|
20.79
|
1.22
|
Table 3: Selected RBRC Sample
Results**
Salar de Pastos Grandes 2017 Diamond Drill
Program (Results as of November 13,
2017)
Hole
No
|
From
(m)
|
To
(m)
|
Length
(m)
|
RBRC
%
|
SPG-2017-02B
|
8.40
|
8.50
|
0.10
|
11.29
|
18.81
|
19.00
|
0.19
|
3.96
|
29.52
|
29.65
|
0.13
|
4.45
|
41.89
|
42.00
|
0.11
|
4.03
|
47.92
|
48.02
|
0.10
|
3.73
|
53.22
|
53.36
|
0.14
|
2.53
|
65.22
|
65.35
|
0.13
|
3.94
|
68.38
|
68.50
|
0.12
|
2.67
|
71.10
|
71.23
|
0.13
|
5.94
|
72.35
|
72.50
|
0.15
|
3.16
|
87.68
|
87.87
|
0.19
|
3.79
|
133.35
|
113.50
|
0.15
|
2.26
|
137.62
|
137.79
|
0.17
|
7.22
|
149.60
|
149.72
|
0.12
|
5.11
|
127.16
|
127.26
|
0.10
|
3.98
|
159.68
|
159.82
|
0.14
|
4.80
|
163.95
|
164.17
|
0.22
|
4.50
|
178.56
|
178.71
|
0.15
|
5.90
|
209.40
|
209.52
|
0.12
|
1.20
|
210.80
|
210.91
|
0.11
|
5.40
|
214.50
|
214.60
|
0.10
|
0.60
|
219.00
|
219.15
|
0.15
|
7.20
|
224.61
|
224.80
|
0.19
|
4.70
|
236.36
|
236.50
|
0.14
|
2.30
|
243.06
|
243.18
|
0.12
|
2.20
|
249.19
|
249.31
|
0.12
|
2.70
|
265.11
|
265.27
|
0.16
|
2.20
|
267.77
|
267.90
|
0.13
|
3.50
|
279.28
|
279.43
|
0.15
|
1.80
|
285.11
|
285.28
|
0.17
|
2.80
|
290.22
|
290.38
|
0.16
|
4.40
|
295.66
|
295.77
|
0.11
|
1.90
|
303.15
|
303.28
|
0.13
|
3.30
|
305.49
|
305.67
|
0.18
|
2.30
|
308.07
|
308.23
|
0.16
|
3.80
|
313.60
|
313.78
|
0.18
|
3.40
|
321.21
|
321.34
|
0.13
|
1.00
|
324.00
|
324.13
|
0.13
|
2.90
|
328.70
|
328.80
|
0.10
|
2.40
|
331.50
|
331.60
|
0.10
|
2.60
|
347.27
|
347.42
|
0.15
|
0.50
|
352.75
|
352.89
|
0.14
|
4.30
|
356.70
|
356.88
|
0.18
|
1.60
|
361.50
|
361.61
|
0.11
|
3.50
|
365.40
|
365.57
|
0.17
|
1.90
|
373.82
|
373.93
|
0.11
|
7.40
|
390.80
|
390.93
|
0.13
|
0.20
|
397.27
|
397.38
|
0.11
|
4.10
|
399.00
|
399.12
|
0.12
|
1.70
|
**Results
pending from 399.12m to end of hole at 573m.
|
Brine samples are recovered from the diamond holes using a
packer system to isolate specific levels in the holes and assayed
at Alex Stewart Assayers in Mendoza, Argentina.
Core samples for Relative Brine Release Capacity ("RBRC")
tests to determine Specific Yield, a measure of effective porosity,
were taken from the drill hole representing all lithologies and all
depths of the hole drilled. Samples are shipped to Daniel B. Stephens & Associates Inc.
("DBSA") in Albuquerque, New
Mexico for analysis. DBSA has developed a proprietary method
to test effective porosity of core samples from salars that has
been widely adopted by companies exploring for lithium brines.
Details of the method are described in a paper by
Stormont1 et. al. (2011). Results for RBRC samples
are detailed in Table 3. The results show moderately high RBRC
values in the upper halite zones and productive zones in the deeper
lying clastic zones. Pumping tests to develop additional hydraulic
data are planned to commence as soon as the planned pumping well
program is completed.
Sampling and QA/QC
Brine sampling for packer tests involved collection of brine
from the sample interval in a 20-litre container, which was flushed
with fresh brine several times prior to collection of the sample.
Brine was poured into 1-litre sample bottles which had been
previously flushed with fresh brine from the 20-litre container
several times. Sample bottles were filled to the top to eliminate
the inclusion of air and sealed with a leak proof lid. Samples were
labelled and labels covered in clear tape to prevent erasure of
sample information. All samples remained in the possession of the
site geologist until delivery to Alex Stewart Laboratory in
Mendoza, Argentina by courier.
Brine sampling for the pump stress test involved collection of
samples from a valve attached to the pump outlet. Brine was allowed
to flush and then fresh brine was used to wash the sample bottle
several times before collecting the sample. Sample bottles were
1-litre in size and were filled to the top to prevent entrance of
air. The samples were sealed with a leak proof lid, labelled and
the label covered by clear tape. Samples remained in the possession
of the site until delivery by courier to the assay laboratory.
RBRC samples were cut to length using a hack saw, bubble wrapped
for protection and then placed in PVC tubes which were sealed with
packaging tape. The samples were labelled and the labels wrapped in
clear tape. Samples remained in the custody of the site geologist
until shipped. Brine (20 L) from each of the holes from which the
samples were collected was also shipped to DBSA as part of the
sample test protocol. DBSA is independent of LSC.
LSC has a well-developed QA/QC program. Brine assays are
undertaken at Alex Stewart Argentina ("ASA") S.A. in
Mendoza, Argentina. ASA is
independent of LSC and has significant experience in assaying
lithium brines and is certified to ISO17025 standards. Brine assays
are undertaken using ICP, gravimetric, potentiometric and
volumetric methods as detailed in the press release from LSC dated
April 10, 2017.
ASA runs internal duplicates at a rate of 1 in 20. LSC inserts
blanks and standards in sample batches at a rate of 1 in 20.
Standards are internal standards developed by LSC that have been
independently certified by round robin testing. LSC uses distilled
water as blanks.
1
Geotechnical Testing Journal, Vol. 34, No. 5. Paper available at
www.astm.org.
|
Qualified Person/Data Verification
The scientific and technical information included in this press
release is based upon information prepared and approved by
Donald H. Hains, P.Geo. Mr.
Hains is a qualified person, as defined in NI 43-101 and is
independent of LSC. Mr. Hains has verified all sampling, analytical
and test data underlying the information contained in this press
release by on-site inspection during drilling, brine sampling, and
selection of RBRC samples; review of drill core photographs to
verify lithology; review of certified assay certificates against
the assay data base; review of pump test data; and review of RBRC
results received from DBSA. There are no drilling, sampling,
recovery or other factors that could materially affect the accuracy
and reliability of the data
ABOUT LSC LITHIUM CORPORATION:
LSC Lithium has amassed a large portfolio of prospective lithium
rich salars and is focused on developing its tenements located in
five salars: Pozuelos, Pastos Grandes, Rio Grande, Salinas Grandes,
and Jama. All LSC tenements are located in the "Lithium Triangle,"
an area at the intersection of Argentina, Bolivia, and Chile where the world's most abundant lithium
brine deposits are found. LSC Lithium has a land package portfolio
totaling approximately 300,000 hectares, which represents extensive
lithium prospective salar holdings in Argentina.
Forward-Looking Statements
Certain statements contained in this news release constitute
forward-looking information. These statements relate to future
events or future performance, including statements as to the
completion of the acquisition of the timing thereof, the ability of
LSC to confirm prior historical exploration work conducted on LSC's
tenements, ability and anticipated timing to complete a NI 43-101
report on the Salar de Pozuelos, Salar de Pastos Grandes, Salar de
Rio Grande and on LSC's Salar de Salinas
Grandes tenements in the Salta Province, feasibility, costs
and timing of constructing a processing plant, ability to test
brines using third party technology, ability, timing and successful
completion of the drill program and pumping test program at Pastos
Grandes, LSC's overall contained lithium inventory, ability to
produce more results on Pastos Grandes, and existence of consistent
lithium mineralization at depth. The use of any of the words
"could", "anticipate", "intend", "expect", "believe", "will",
"projected", "estimated" and similar expressions and statements
relating to matters that are not historical facts are intended to
identify forward-looking information and are based on LSC's current
belief or assumptions as to the outcome and timing of such future
events. Whether actual results and developments will conform with
LSC's expectations is subject to a number of risks and
uncertainties including factors underlying management's
assumptions, such as risks related to: title, permitting and
regulatory risks; exploration and the establishment of any
resources or reserves on LSC properties; volatility in lithium
prices and the market for lithium; exchange rate fluctuations;
volatility in LSC's share price; the requirement for significant
additional funds for development that may not be available; changes
in national and local government legislation, including permitting
and licensing regimes and taxation policies and the enforcement
thereof; regulatory, political or economic developments in
Argentina or elsewhere;
litigation; title, permit or license disputes related to interests
on any of the properties in which the Company holds an interest;
excessive cost escalation as well as development, permitting,
infrastructure, operating or technical difficulties on any of the
Company's properties; risks and hazards associated with the
business of development and mining on any of the Company's
properties. Actual future results may differ materially. The
forward-looking information contained in this release is made as of
the date hereof and LSC is not obligated to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise, except as required by
applicable securities laws. Because of the risks, uncertainties and
assumptions contained herein, investors should not place undue
reliance on forward-looking information. The foregoing statements
expressly qualify any forward-looking information contained herein.
For more information, see the Company's filing statement on SEDAR
at www.sedar.com.
Neither the TSX Venture Exchange Inc. 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.
The TSX Venture Exchange Inc. has neither approved nor
disapproved the contents of this press release.
SOURCE LSC Lithium Corporation