Argentina Lithium & Energy Corp. Files Technical Report for the Rincon West Lithium Project
OTCQX Venture Market: LILIF
The Report, titled "Mineral Resource Estimate -
Table 1 presents the Project's mineral resources, volumes and grades by resource category for lithium and potassium. Table 2 shows the Project's mineral resources expressed as Lithium Carbonate Equivalent (LCE) and Potassium Chloride (KCl).
Table 1. Lithium and Potassium Mineral Resources at the
|
|
Measured (M) |
Indicated (Ind) |
M + Ind |
Inferred (Inf) |
||||
|
Li |
K |
Li |
K |
Li |
K |
Li |
K |
|
|
Aquifer volume (km3) |
3.36 |
0.97 |
4.33 |
3.05 |
||||
|
Mean specific yield (Sy) |
0.04 |
0.02 |
0.04 |
0.03 |
||||
|
Brine volume (km3) |
0.14 |
0.02 |
0.15 |
0.08 |
||||
|
Mean grade (g/m3) |
11.9 |
229.2 |
4.9 |
94.0 |
11.1 |
214.8 |
3.8 |
71.6 |
|
Concentration (mg/l) |
297 |
5,776 |
295 |
5,686 |
296 |
5,756 |
216 |
4,085 |
|
Resource (tonnes) |
40,000 |
770,000 |
5,000 |
92,000 |
45,000 |
862,000 |
12,000 |
219,000 |
Notes to the resource estimate (Table 1):
- CIM definitions were followed for Mineral Resources.
- The Qualified Person for this Mineral Resource estimate is
Frederik Reidel , CPG. - No cut-off values have been applied to the resource estimate.
- Numbers may not sum exactly due to rounding.
Table 2. Lithium Carbonate Equivalent ("LCE") and Potassium Chloride ("KCl") Mineral Resources
|
|
Measured (M) |
Indicated (Ind) |
M+Ind |
Inferred (Inf) |
||||
|
LCE |
KCl |
LCE |
KCl |
LCE |
KCl |
LCE |
KCl |
|
|
Concentration (mg/l Li or K) |
297 |
5,776 |
295 |
5,686 |
296 |
5,756 |
216 |
4,085 |
|
Resource (tonnes) |
212,800 |
1,470,700 |
26,600 |
175,720 |
238,000 |
1,650,000 |
64,000 |
327,000 |
Notes to Table 2
- Lithium is converted to lithium carbonate (Li2CO3) with a conversion factor of 5.32.
- Potassium is converted to potassium chloride with a conversion factor of 1.91.
- Numbers may not sum exactly due to rounding.
The effective date of the Mineral Resource estimate is
Cautionary Statement Regarding Mineral Resources
The mineral resources disclosed in this press release conform to NI 43-101 standards and guidelines and were prepared by an independent qualified person. The above-mentioned mineral resources are not mineral reserves as they do not have demonstrated economic viability. The quantity and grade of the reported Inferred Mineral Resources are conceptual in nature and are estimated based on limited geological and hydrogeological evidence and sampling. Existing data are sufficient to imply but not verify mineral grade and/or quality of continuity. An Inferred Mineral Resource has a lower level of confidence relative to a Measured or Indicated Mineral Resource and constitutes an insufficient level of confidence to allow conversion to a Mineral Reserve. It is reasonably expected, but not guaranteed, that the majority of Inferred Mineral Resources could be upgraded to Measured or Indicated Mineral Resources with additional drilling and pump tests.
In
Qualified Persons and QA/QC
The Mineral Resource Estimate and technical data in this news release were prepared under the direction of
About Argentina Lithium
ON BEHALF OF THE BOARD
"Nikolaos Cacos"
_______________________________
Neither
This news release contains forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential" and similar expressions. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments management of the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's plans for its mineral properties; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company; and future exploration and operating plans are forward-looking statements.
Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Accordingly, readers should not place undue reliance on the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things: risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; the state of financial markets in
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