HIGHLIGHTS • Pumping well drilled to 306 meters May 25, 2018 / Vancouver, BC / NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) the Company is pleased to report that the drilling of a pump test well at the Hombre Muerto North Lithium Project is progressing on schedule. The rotary hole, which is located 15 meters east of the core hole currently underway, is now at 309 meters, with an expected target dept of 400 meters. On site geological staff are reporting identical geology to the core hole. The rotary hole is being drilled at a diameter of 12 inches, and upon completion, the hole diameter will be enlarged by reaming to a diameter of 17 inches, and 10-inch perforated casing will be installed so that pumping tests can be performed. If the results warrant, the hole can be utilized as a production well. The pumping well is being drilled in tandem with the core hole because the Company was confident that it would obtain acceptable results in the core hole. The average values of 905 mg/l Li that were recently reported in the top 100 meters have confirmed that expectation. The rotary hole will provide essential information on the pumpability of the brine identified to date. 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 Galaxy Resources’ Sal de Vida development stage 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 Norte project, the Company is evaluating its 29,000-hectare 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 May 8, 2018. The diameter of the hole is currently being enlarged by reaming to install casing so that it can be sampled. 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. The Company currently has working capital of approximately CAD$3.2 million dollars. On 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 The preparation of this press release was supervised by Mr. James K. Duff, a Licensed Professional Geologist and a Registered Member of the Society for Mining, Metallurgy and Exploration and a Qualified Person as defined under National Instrument 43-101. Mr. Duff 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. The transaction described in this news release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this news release. We seek safe harbor. via NRG Metals Inc. | Energy Metals Exploration | Junior Mining Corporation https://ift.tt/2IOXp7n
0 Comments
HIGHLIGHTS May 24, 2018 / Vancouver, BC / NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) the Company is delighted to report that double packer samples collected over the first 100 meters of the hole average 905 mg/l lithium with a low Mg to Li ratio of 3.0 to 1.0. The assay results are shown in the table below. Drilling has advanced to a depth of 300.5 meters, and brine is present from the surface to the bottom of the hole. The hole has been drilled almost entirely in clastic sediments consisting of poorly consolidated sandstone and conglomerate. Drilling on the hole is currently being paused to collect brine samples from 300 to 100 meters. Once sampling of this interval has been completed, drilling advance will resume. José de Castro, Chief Operating Officer of NRG Metals Inc., commented “We are very excited about the exceptional results from the initial sampling. The lithium grades and low Mg to Li ratios exceeded our expectations. The high grades and favorable Mg to Li ratios have the potential to have a very positive impact on any future capital and operating costs should the economic viability and technical feasibility of the project be established. Meanwhile, the rotary hole located 16 meters east of the core hole has advanced to a depth of 174 meters. This hole will be drilled to a depth of up to 400 meters, depending upon the results obtained in the core hole. The rotary hole is being drilled at a diameter of 12 inches, and upon completion, the hole diameter will be enlarged by reaming to a diameter of 17 inches, and 10-inch perforated casing will be installed so that pumping tests can be performed. If the results warrant, this hole can be utilized as a production well. On site geological staff have also confirmed that a pumping well is being drilled by a competitor, approximately one kilometer south of the Tramo property boundary. The sampling was conducted with double packer equipment over one-meter intervals approximately every ten meters starting at a depth of 101 meters and working back up the hole. On site 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. 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 three blind duplicate samples in the sample batch, and all QA/QC results corroborate the analyses reported in this press release. In addition to the packer samples, 27 sealed core samples have been collected at regular intervals from 291 meters to the collar of the hole, 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 Galaxy Resources’ Sal de Vida development stage 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 Norte project, the Company is evaluating its 29,000-hectare 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 May 8, 2018. The diameter of the hole is currently being enlarged by reaming to install casing so that it can be sampled. 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. The Company currently has working capital of approximately CAD$3.2 million dollars. On 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 The 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. 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. The transaction described in this news release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this news release. We seek safe harbor. via NRG Metals Inc. | Energy Metals Exploration | Junior Mining Corporation https://ift.tt/2x5BFT6 VANCOUVER, British Columbia, May 17, 2018 (GLOBE NEWSWIRE) -- Pistol Bay Mining Inc. (TSX-V:PST) (Frankfurt:OQS2) (OTCPink Sheet:SLTFF) (“Pistol Bay” or the “Company’) is pleased to provide a further update on its 2018 drilling program at Confederation Lake in Ontario. via Pistol Bay Mining Inc. https://ift.tt/2InXKl6 HIGHLIGHTS May 14, 2018 / Vancouver, BC / NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) the Company is pleased to report that it has mobilized a rotary drill to the Hombre Muerto North Lithium project to complement the diamond drill already at site. The rotary hole, which is located 15 meters east of the core hole currently underway, is to carry out pump 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 Galaxy Resources’ Sal de Vida development stage project. As of May 8, the rotary hole had advanced to a depth of 153 meters. The hole will be drilled to a depth of 300 to 400 meters, depending upon the results obtained in the core hole. The rotary hole is being drilled at a diameter of 12 inches, and upon completion, the hole diameter will be enlarged by reaming to a diameter of 17 inches, and 10-inch perforated casing will be installed so that pumping tests can be performed. If the results warrant, the hole can be utilized as a production well. Meanwhile drilling is continuing on the core hole, and as of May 8, the hole had advanced to a depth of 222.5 meters. The hole continues to intersect clastic sediments consisting of conglomerate and poorly consolidated sandstone. Brine was encountered from the top of the hole, and as previously reported, brine samples have been collected every ten meters from the surface to a depth of 100 meters using double packer sampling equipment. The samples have been shipped to the Alex Stewart Laboratory in Jujuy, Argentina, and results are expected shortly. Once the hole reaches a depth of 300 meters, the interval from 300 meters to 100 meters will be sampled using double packer sampling equipment, and then drilling will resume. On site QA/QC for the sampling was directed by Cristian Avila of Montgomery and Associates, under the supervision of Mike Rosco, also of Montgomery and Associates, a Qualified Person under NI 43-101. 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 Norte project, the Company is evaluating its 29,000 hectare 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 May 8, 2018. The diameter of the hole is currently being enlarged by reaming to install casing so that it can be sampled. NRG Metals Inc. currently has approximately 111 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. The Company currently has working capital of approximately CAD$4.0 million dollars. On 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 The preparation of this press release was supervised by Mr. James K. Duff, a Licensed Professional The TSX Venture Exchange has not reviewed the content of this news release and therefore does 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 forwardlooking statements. The transaction described in this news release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this news release. We seek safe harbor. via NRG Metals Inc. | Energy Metals Exploration | Junior Mining Corporation https://ift.tt/2IjgNJt via New Gold Press Releases https://ift.tt/2rxdsz7 May 8th, 2018 / Vancouver, BC / NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) is pleased to report that drilling at the Salar Escondido Lithium Project has progressed ahead of schedule, and an 8.5 inch rotary hole has been completed to the target depth of 400 meters. The hole will now be reamed to a diameter of 12.25 inches so that perforated casing can be installed in preparation for sampling. As expected, the hole intersected fine to coarse grained clastic sediments with occasional intercalated clay layers to a depth of 370 meters. The sediments are interpreted to represent alternating dunes, alluvial fans and valley sediments. From 370 to 400 meters the hole intersected an unaltered basalt that may be the bottom of the basin. After the casing is installed, the hole will be given time to stabilize before sampling by a ProHydro Inc. SNAP passive sampler and custom packer equipment Mr. William Feyerabend, a Qualified Person under NI 43-101, will be on site to provide senior supervision beginning in mid-May. Adrian Hobkirk, CEO of NRG Metals Inc. commented, “We are extremely enthusiastic about the progress of this drill hole and the results we are seeing. We were able to successfully complete the initial rotary hole to the target depth of 400 meters in only 12 days, and the sediments we intersected may represent a buried brine deposit. We look forward to initiating the sampling phase as soon as the hole is reamed out and the perforated casing is installed.” During 2017, NRG’s drilling confirmed the presence of a buried brine zone beneath the alluvial cover on the surface of the basin. Brine was intersected at a depth of 140 m, and as reported in the Company’s press release dated December 7, 2017, sampling from 183 to 198 m returned an average grade of 229 mg Li/liter in a porous, weakly consolidated sandstone horizon. A Vertical Electrical Sounding (“VES”) geophysical survey conducted by the Company suggests that the brine zone occurs at an even shallower depth where the current exploration is being conducted. The Salar Escondido project is located approximately 280 kilometers northwest of Catamarca, Argentina. Further details are available at the company website at www.nrgmetalsinc.com, and a National Instrument 43-101 Technical Report was filed on SEDAR in December 2016. About The CompanyNRG Metals Inc. is an exploration stage company focused on the advancement of lithium brine projects in Argentina. In addition to the Salar Escondido project, the Company is currently drilling at its 3,287 hectare (8,100 acre) Hombre Muerto Norte lithium project (“HMN”) in Salta province as described in the Company’s press release dated May 3, 2018. The HMN project is located at the northern end of the prolific Hombre Muerto Salar, adjacent to FMC’s producing Fenix mine and Galaxy Resources’ Sal de Vida development stage project. A NI 43-101 report for HMN was filed on SEDAR in October 2017. 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. The Company currently has working capital of CAD$4.0 million. On 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 Disclosure 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. The transaction described in this news release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this news release. We seek safe harbor. via NRG Metals Inc. | Energy Metals Exploration | Junior Mining Corporation https://ift.tt/2KGo1J7 May 2, 2018 / Vancouver, BC / NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) the Company is pleased to report that drilling at the Salar Hombre Muerto North lithium project is underway and progressing as planned. The first diamond core hole has been advanced to a depth of 105 meters with a target depth of up to 350 meters. The geological profile observed so far in the core is that of sand, gravel, and clay, with a small halite zone, consistent with the expected geology. Brine was encountered from the top of the hole, and samples have been taken every ten meters from the current depth back to surface using a double packer unit. Ten samples have been collected by a double packer system, and density measurements range from 1.18 to 1.20, which is highly indicative of brine. Samples will be sent to Alex Stewart Laboratories in Jujuy, Argentina. On site QA QC will be monitored by Cristian Avila of Montgomery and Associates, under the supervision of Mike Rosco also of Montgomery and Associates, a Qualified Person under NI 43-101. Mr. Jose de Castro, Chief Operating Officer is quoted “We are very pleased with the progress to date at Salar Hombre Muerto, and we look forward to extending the hole and collecting further brine samples. 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 Norte project, the Company is evaluating its 29,000 hectare Salar Escondido project in Catamarca province where the company recently completed a drill hole that confirmed the Company’s conceptual model of a buried lithium brine target. We will report further exploration news regarding the Salar Escondido Project in the immediate future. NRG Metals Inc. currently has approximately 111 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. The Company currently has working capital of approximately CAD$4.0 million dollars. On 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 Disclosure The preparation of this press release was supervised by Mr. William Feyerabend, a Certified Professional Geologist and a Qualified Person under NI 43-101. Mr. Feyerabend approves of the 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. The transaction described in this news release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this news release. We seek safe harbor. via NRG Metals Inc. | Energy Metals Exploration | Junior Mining Corporation https://ift.tt/2FCgWFx VANCOUVER, British Columbia, May 02, 2018 (GLOBE NEWSWIRE) -- Pistol Bay Mining Inc. (TSX-V:PST) (Frankfurt:OQS2) (OTC/Pink Sheet:SLTFF) (“Pistol Bay” or the “Company’) is pleased to provide an update with assays on its 3,500-metre diamond drilling program on its Confederation Lake property in northwestern Ontario. via Pistol Bay Mining Inc. https://ift.tt/2rg2xtt |
Archives
May 2021
Categories |