VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec. 5, 2016) – Advantage Lithium Corp. (the “Company” or “Advantage Lithium“) (TSX VENTURE:AAL) and its joint venture partner, Nevada Sunrise Gold Corp. (“Nevada Sunrise”), are pleased to announce that lithium-bearing brines have been intersected in the second borehole of the 2016 drilling program at the Clayton NE lithium brine project in the Clayton Valley, Nevada (“Clayton NE”, or the “Project”). This follows successful results from the first borehole (see NR dated Nov 1st, 2016). Clayton NE borders the Silver Peak mine, operated by Albemarle Corporation (“Albemarle”), North America’s only producing lithium mine. Of particular note, hole CNE-16-02, has intersected multiple aquifer formations, including a 188.9m brine-producing strata averaging 164.2 parts per million (“ppm”) lithium from a depth of 207.3m to 396.2 metres, including a higher grade interval averaging 202.8 ppm lithium over 109.7m. Hole CNE-16-03, which is still in progress, has also encountered strong brines ranging up to 138,000 ppm total dissolved solids (“TDS”), with assays to follow. In addition, the JV has staked additional land available within and to the edge of the salar to the south-west at Clayton NE, bringing the total land package to 437 ha.
Drill Hole Technical Details
CNE16-01 was completed to a depth of 512.1m (1680ft), intersecting the base of the Clayton Valley salar sedimentary basin at 506m. Drilling intersected typical Clayton Valley strata consisting of alternating layers of gravel, volcanic ash and clay. A total of 27 grab groundwater samples were collected as brine formations were encountered. Table 1 presents a compiled summary of the depths of the Aquifer Systems with brine interval thickness and associated average lithium grades and Total Dissolved Solids concentration. Anomalous lithium results were obtained from brine formations intermittently intersected over a 331.3m section (from 168.6m to 499.9m) within the Main Ash, Lower Aquifer System, and Lower Gravel Aquifer systems. The highest grade results were obtained in the Lower Aquifer System with peaks up to 218 ppm lithium (224.0m to 227.1m) while the widest intervals were reported in the deeper Lower Gravel Aquifer System, including a 103.7m wide interval (from 396.2m to 499.9m) averaging 134.8 ppm lithium. In addition, drill cuttings were collected for each 1.5m interval and have been submitted for analysis. Analytical results for the drill cuttings are pending.
Table 1: Results of Brine Samples for CNE16-01
|Interval||Total Dissolved Solids
|Drill Hole||From (m)||To (m)||Width (m)|
|Lower Aquifer System A||224.0||243.8||19.8||110,000||195 to 218||209.7|
|Lower Aquifer System B||326.1||365.8||39.7||130,000 to 140,000||174 to 189||181.5|
|Lower Gravel Aquifer||396.2||499.9||103.7||35,000 to 190,000||72.4 to 234||134.8|
|including||457.2||481.6||24.4||58,000 to 190,000||72.4 to 234||187.5|
CNE-16-02 was collared approximately 3.43km northeast of CNE-16-01. The hole was terminated within a Massive Clay formation within the Clayton Valley salar sedimentary basin at a depth of 426.7m (1,400 ft). As was observed in hole CNE16-01, drilling intersected typical Clayton Valley strata consisting of alternating layers of gravel, volcanic ash and clay. A total of 32 grab groundwater samples were collected as brine formations were encountered. Table 2 presents a compiled summary of the depths of the Aquifer Systems with brine interval thickness and associated average lithium grades and Total Dissolved Solids concentration. Anomalous lithium results were obtained from a 188.9m wide brine formation intersected from 207.2m to 396.2m within the Lower Aquifer System. This 188.9m interval averaged 164.2 ppm lithium, including a higher grade interval averaging 202.8 ppm lithium over 109.7m (286.5m to 396.2m) and was associated with strong brine flows of up to 120 gallons per minute issued from 304.8m to 396.2m. In addition, drill cuttings were collected for each 6.1m interval and have been submitted for analysis. Analytical results for the drill cuttings are pending.
Table 2: Results of Brine Samples for CNE16-022
|Drill Hole||Aquifer System||Interval||Total Dissolved Solids
|From (m)||To (m)||Width (m)|
|CNE-16-02||Main Ash||190.5||199.6||9.1||No Water|
|Lower Aquifer System||207.3||396.2||188.9||50,000 to 380,000||72.4 to 228||164.2|
|Including||286.5||396.2||109.7||140,000 to 380,000||151 to 227||2202.8|
Regarding Sample Analysis
Groundwater samples were sent to Western Environmental Testing Laboratory in Reno, Nevada for analysis. General chemistry testing included analysis for specific gravity, total hardness and alkalinity, bicarbonate, carbonate, hydroxide, TDS and electrical conductivity. Anions (chloride, sulfate) were analyzed by ion chromatography. Trace metals (lithium, magnesium, boron, calcium, potassium and sodium) were analyzed by ICP-OES. TDS values obtained in the field are measured with a handheld YSI Model 556 Multiparameter Meter, which meets Good Laboratory Practice (as proscribed by the Organization for Economic Cooperation and Development) for calibration and measurement. All depth measurements reported, including sample and interval widths are down-hole. As holes are oriented vertical and geologic stratigraphy is primarily horizontal to sub-horizontal, downhole measurements are assumed to be close to true thickness.
The technical information in this news release has reviewed and approved on behalf of the company by Ross McElroy, P.Geol., Technical Advisor and Director for Advantage Lithium Corp., and a “Qualified Person” as defined in NI 43-101.
Further information about the company can be found at www.advantagelithium.com.
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. Common Shares are listed on the TSX Venture Exchange under the symbol “AAL”. The company has signed an LOI with lithium producer, Orocobre, to acquire 100% interest in five projects in Argentina and up to 75% in a sixth, called Cauchari. Cauchari is host to a near-surface resource, has a large exploration target and is just 20km from Orocobre’s Olaroz lithium production facility. The company is also earning an interest from Nevada Sunrise Gold Corp., in a portfolio of five lithium brine projects in the Clayton and Lida Valley regions of Nevada, USA, together with certificated water rights in the Clayton Valley. Additionally, the company has entered into an LOI agreement to earn interest from Radius Gold Inc. in four lithium brine projects in the states of Chihuahua and Coahuila, Northwest Mexico. In addition, the company has acquired 100% of the Stella Marys lithium brine project, immediately adjacent to Orocobre’s Salinas Grandes project that hosts an inferred, near-surface resource, in Argentina’s Lithium Triangle.
ON BEHALF OF THE BOARD
David Sidoo, CEO, President, Director
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.
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