Actionable news
All posts from Actionable news
Actionable news in PDLI: PDL BioPharma, Inc.,

Liberty One Lithium Announces Filing of 43-101 Technical Report Detailing Pocitos Salar Opportunity

VANCOUVER, BC--(Marketwired - Aug 3, 2017) - Liberty One Lithium Corp. ("Liberty One Lithium" or the "Company") ( TSX VENTURE : LBY ) ( OTCQB : LRTTF ) ( FRANKFURT : L1T ), an emerging exploration company focused on the acquisition and development of high grade lithium brine deposits, is pleased to announce that it has completed and filed a National Instrument 43-101 compliant technical report regarding its 39,183 acre mineral option in the Pocitos Salar located in the Altiplano-Puna region of South America known as the Lithium Triangle, a region proven to host the largest portion of lithium brine resources in the world.

Highlights of the Technical Report are as follows:

  • Previous, and in some instances historic, exploration followed up with geophysics, suggests that multiple brine-bearing aquifers may occur to a depth of some 450 meters, with a particularly responsive target between 200 to 450 meters depth.
  • More recent geophysics studies published by Liberty One Lithium and others, including partner-operators Millennial Lithium ( TSX VENTURE : ML ) ( FRANKFURT : A3N2 ) ( OTCQB : MLNLF ), targeted various parts of the salar, and all indicate the potential for brine bearing sediments at depth.
  • The author notes that recent developments in other lithium resource areas have shown that the more highly enriched brine resources and more transmissive aquifers are found at greater depths in the salars of the region.
  • The author summarizes that the Pocitos West project appears productive for lithium and suggests that it offers a reduced level of risk justifying further exploration efforts and expenditures.
  • Recommendations conclude the large target (150 square kilometers) can be tested to determine the potential for development of a resource in a rather short time. If initial deep reconnaissance drilling is successful in identifying lithium-bearing brine of commercial interest, further exploration work will be undertaken to determine the resources of lithium in brine...