HIGHLIGHTS
August 23, 2018 / Vancouver, BC / NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) is pleased to report additional assays from the second diamond drill hole at the Hombre Muerto North lithium project. The samples were taken from depths ranging from 91.0 to 230.5 m below surface, and these assays range from 779 to 507 mg/L lithium with low Mg to Li ratios ranging from 2.3 to 3.0. The average for the entire hole is 638 mg/L Lithium with a Mg to Li ratio of 2.65 to 1.0. The assay results for the additional samples are shown in the following table.
Host rocks are mainly poorly-consolidated sandstone from surface to 77 m, followed by a layer of compact halite from 77 to 139 m, poorly-consolidated sandstone from 139 to 166 m, and then intercalated halite and sandstone to 230.5 meters. The sample interval is not regular because it was difficult to collect samples due to caving of the hole. Nevertheless, these results confirm that brine containing high lithium grades is present from the surface to a depth of at least 230 m, the depth of the deepest sample. Based upon these encouraging results, management decided to drill a second pumping well adjacent to this core hole. Equipment has been moved into place, and the contractor has commenced drilling to an anticipated target depth of 400 meters. Jose de Castro, COO of NRG Metals Inc., commented, “we are extremely enthusiastic about the diamond drilling results, as well as the results from the pumping well. These results demonstrate the presence of high-grade lithium bearing brine across the breadth of our Tramo property. We look forward to completing the second pumping well and to fast tracking the project to production.” The sampling was conducted with double packer equipment over 1.0 to 1.5 m intervals, and the final sample from 228.5 to 230.5 m was collected using a bailer sampling device. Onsite QA/QC for the sampling was directed by Cristian Avila of Montgomery and Associates of Santiago, Chile under the supervision of Mike Rosko, also of Montgomery and Associates, a Qualified Person under NI 43-101. The samples were assayed by the Alex Stewart Laboratory in Jujuy, Argentina, which is the preeminent laboratory for lithium brine analysis in northern Argentina. Alex Stewart employed Inductively Coupled Plasma Optical Emission Spectrometry (“ICP-OES”) as the analytical technique for the primary constituents of interest, including those shown in the table. Alex Stewart maintains a strict internal QA/QC program employing multiple standards, re-analyses by AA and calculation of ionic balances. NRG inserted one blank sample and one blind duplicate samples in the sample batch; all QA/QC results corroborate the analyses reported in this press release. In addition to the packer brine samples, sealed core samples have been collected, and these samples will be sent to a laboratory in the United States for brine release testing. The project is located in the province of Salta, Argentina at the northern end of the prolific Hombre Muerto Salar, adjacent to FMC’s producing Fenix mine and the Sal de Vida development stage project being developed by Galaxy Resources Ltd. About the CompanyNRG Metals Inc. is an exploration stage company focused on the advancement of lithium brine projects in Argentina. NRG Metals Inc. currently has approximately 132 million shares issued and outstanding, and trades on the TSX Venture Exchange under symbol NGZ, on the OTC QB Market under symbol NRGMF, and on the Frankfurt Stock Exchange under symbol OGPN. n behalf of the board of directors of NRG Metals Inc.: Adrian F.C. Hobkirk T: Investors / Shareholders Call 855-415-8100 / Direct to Adrian Hobkirk 714.316.3272 Technical DisclosureThe preparation of this press release was supervised by Mr. Michael J. Rosko, a registered professional geologist in the states of Arizona (25065), California (5236), and Texas (6359), and a registered member of Society for Mining, Metallurgy, and Exploration (#4064687) and a Qualified Person as defined under National Instrument 43-101 with over 30 years of experience, with 10 years of direct experience with lithium brine deposits. Mr. Rosko approves the scientific and technical disclosure contained in this press release. The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release. This news release contains certain “forward-looking statements” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward-looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. We seek safe harbor. via NRG Metals Inc. | Energy Metals Exploration | Junior Mining Corporation https://ift.tt/2Pwle7u
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NRG Announces Excellent Pumping Well Test Results at Flagship Hombre Muerto North Lithium Project8/9/2018 August 9, 2018 / Vancouver, BC / NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) the Company is pleased to report pumping test results for the first 10 inch large-diameter pumping well at the Hombre Muerto North Lithium Project, Argentina. The well is located on the Tramo Claim portion of the project group. This pumping well was drilled immediately adjacent to our first exploration diamond core hole following the excellent results from the recent sampling that provided assay results of 401 meters of 900 mg/L lithium with very good chemistry as reported in the Company’s press release dated June 28, 2018. Together with information from the diamond core drilling program, data from thepumping test will be used to calculate resources and reserves for the project. If warranted, this pumping well can be used for production as part of our fast-track development of the project. NRG Metals completed a 72-hour pumping test that produced 26 liters per second of brine. The test was limited by the capacity of the pump causing our test to rapidly reach the limits of the pumping equipment and measurement devices at the site. The pumping test was designed and monitored by our independent technical consultants, Montgomery & Associates of Santiago, Chile. Based on these positive initial pump test results, our technical team believes that the well could have significant additional pumping capability. The Company is planning to mobilize additional equipment to run a test with a higher capacity pumping system as soon as possible. José de Castro, Chief Operating Officer of NRG Metals Inc., commented, “we are very pleased with the results of the pumping test at Hombre Muerto North. These results have removed a significant part of the risk associated with developing a lithium operation. We are seeing exceptionally high grades in clastic host rocks with good permeability, and the brine chemistry is very favorable. The Hombre Muerto North brine is unsaturated and has low sulfate and magnesium ratios. Brine with these characteristics has the potential to evaporate more quickly while using less pond area than would be the case for a typical saturated brine and will require lower consumption of chemical reagents potentially resulting in diminished capital and operating costs.” The project is located in the province of Salta, Argentina at the northern end of the prolific Hombre Muerto Salar, adjacent to FMC’s producing Fenix mine and the Sal de Vida development stage project owned by Galaxy Resources Ltd. Galaxy recently drilled a brine pumping well on their property which is adjacent and contiguous to the south of the NRG Tramo claim. Galaxy has also announced it has entered into a letter agreement for the sale of their northern portion of the Sal de Vida project to the Korean lithium producer POSCO for US$280 million (subject to third quarter POSCO board approval). The sale includes that portion of the salar which surrounds the NRG Metals Tramo claim. Full information and a pump test video is available at the company website at https://www.nrgmetalsinc.com/projects/hombre-muerto-north-project. About the CompanyNRG Metals Inc. is an exploration stage company focused on the advancement of lithium brine projects in Argentina. In addition to the Hombre Muerto North project, the Company is evaluating its 29,000-hectare (72,000 acre) Salar Escondido project in Catamarca province where the company recently completed a 400-meter rotary hole, as described in the Company’s press release dated June27, 2018. NRG Metals Inc. currently has approximately 132 million shares issued and outstanding, and trades on the TSX Venture Exchange under symbol NGZ, on the OTC QB Market under symbol NRGMF, and on the Frankfurt Stock Exchange under symbol OGPN. Adrian F.C. Hobkirk T: Investors / Shareholders Call 855-415-8100 / Direct to Adrian Hobkirk 714.316.3272 Technical Disclosure Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains certain “forward-looking statements” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward-looking statements. The reader is cautioned not to place undue reliance on forward-lookingstatements. We seek safe harbor. via NRG Metals Inc. | Energy Metals Exploration | Junior Mining Corporation https://ift.tt/2AUfPUy via New Gold Press Releases https://ift.tt/2OTwydV via Pistol Bay Mining Inc. https://ift.tt/2vuiKNO |
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