HIGHLIGHTS
June 28, 2018 / Vancouver, BC / NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) the Company is pleased to report that assays for double packer samples collected over the interval from 300 to the bottom of the first hole at a depth of 401 m. The samples for this interval average 918 mg/L lithium with a relatively low Mg to Li ratio of 3.0 to 1.0. These values are very consistent with the assays received for the samples from surface to a depth of 300 m, and the average for the entire 400 m hole is 900 mg/L lithium with an average magnesium to lithium ratio of 3.0. The assay results for the interval from 300 to 401 m are shown in the table below. Drilling is proceeding on a second core hole located approximately 2.2 kilometers to the west of the first core hole. As of June 26, the hole had advanced to a depth of 208.0 m. Poorly consolidated sandstone similar to what was drilled in the first core hole was encountered to a depth of 77 m, followed by a layer of compact halite before passing back into mostly poorly-consolidated sandstone from 139 m to the bottom of the hole. Drilling is continuing, although the rate of advance has been slowed by the poorly-consolidated nature of the clastic sediments. José de Castro, Chief Operating Officer of NRG Metals Inc., commented “We are very enthusiastic about the results at Hombre Muerto Norte. We are seeing exceptionally high grades in a clastic host rock that appears to have good permeability, and the brine chemistry is very favorable. The production of lithium from brine involves concentration of lithium contained in the brine by evaporation. The Hombre Muerto brine is unsaturated, which means that it should be possible to concentrate the brine more quickly using less pond area than would be the case for a typical saturated brine. Furthermore, the sulfate and magnesium ratios are low compared to other salar brines, and this means that the consumption of lime and other reagents should be relatively low compared to other lithium projects. These characteristics imply favorable operating and capital cost profiles, should the economic and technical feasibility of the project be established.” The sampling was conducted with single packer equipment over 1-m intervals, approximately every 20 meters. 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, 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 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, sealed core samples have been collected throughout the hole, and these samples have been 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 Company NRG 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 (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 June 27, 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. On behalf of the board of directors of NRG Metals Inc.: Adrian F.C. Hobkirk President and C.E.O. 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. 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. 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/2yRxtqY
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VANCOUVER, British Columbia, June 28, 2018 (GLOBE NEWSWIRE) -- Pistol Bay Mining Inc. (TSX-V:PST) (Frankfurt:OQS2) (OTC/Pink Sheet:SLTFF) (“Pistol Bay” or the “Company’) is pleased to give an update on Confederation Lake in Ontario. via Pistol Bay Mining Inc. https://ift.tt/2yQpmex June 26, 2018 / Vancouver, BC / NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) is providing and update on drilling at the Salar Escondido Lithium Project. As previously announced, the second drill hole at the project was completed to a depth of 400 meters. The hole was enlarged by reaming, and plastic perforated casing was installed to a depth of 371 meters, which is the depth to volcanic rocks interpreted to be the basement. Sampling commenced at a depth of 50 meters, but strong artisanal pressure was encountered when pumping started. The initial artisanal flow was a dirty brown, foul smelling, salty brine. The flow gradually diminished and stabilized, and after 3.5 hours of pumping, the brine became clear. A total of 1,000 liters of clear brine was collected, and samples were taken from the stabilized brine under the supervision of Bill Feyerabend, the on-site Qualified Person. After the samples from 50 meters were collected, the hole became blocked at a depth of 100 meters, and a sample was taken at 100 meters using a Snap Sampler. Because of the blockage at 100 meters, it was not possible to collect any samples below that depth. The results of the samples are shown in the following table. A vertical electrical sounding survey completed in 2016 by the Company identified a highly conductive zone starting at a depth of about 100 meters. The results from this hole as well as the hole completed in 2017 have confirmed the presence of lithium in highly permeable clastic rocks, mainly sandstones and conglomerates. However, due to difficult drilling conditions, no brine samples were obtained in this hole from the primary target zone from 100 to 370 meters. 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 elements of interest 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 sample in the sample batch, and the QA/QC results corroborate the analyses reported in this press release. Salar Escondido is proving to be a challenging exploration environment, and the Company is reviewing the data in order to formulate its plans for future exploration, and the Company is also reviewing its underlying property agreements. While the presence of lithium in highly permeable host rocks has been confirmed in two holes, there is considerable variation in the lithium grades and the Mg/Li ratios, and only a very small portion of this large and unexplored lithium brine basin has been partially tested. The land package at Salar Escondido is approximately 30,000 hectares (74,000 acres) and covers the northern part of the same basin where a competitor recently reported encouraging drill results. 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 flagship 3,287-hectare (8,100 acre) Hombre Muerto Norte lithium project (“HMN”) in Salta province. Recently, the Company announced very encouraging assay results for the samples in the first drill hole from surface to a depth of 300 meters, and a second core hole is in progress. 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. 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 technical and scientific 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/2tFHemB NRG Drilling Continues to Intersect High-Grade Brine at the Hombre Muerto North Lithium Project6/14/2018 HIGHLIGHTS
June 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 assays for double packer samples collected over the interval from 100 to 300 meters of the first core have been received, and average 888 mg/L lithium with a relatively low Mg to Li ratio of 3.0 to 1.0. These values are very similar to those returned for the first 100 meters of the hole, indicating the presence of a remarkably consistent high-grade brine. The assay results are shown in the table below. The hole has been completed to the targeted depth of 401 meters, and the drill has been moved approximately 2.2 kilometers to the east where drilling on a second core hole is underway. As of June 12, the hole had advanced to a depth of 151 meters mostly in clastic sediments consisting of poorly consolidated sandstone and conglomerate. José de Castro, Chief Operating Officer of NRG Metals Inc., commented “We are very excited about the outstanding results from our first hole. The results continue to exceed our expectations. These 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. We are very encouraged to see the entry of POSCO from South Korea into the Hombre Muerto basin with their pending $ 280 million purchase of the northern part of the Sal de Vida lithium project from Galaxy Resources Ltd.” The sampling was conducted with double packer equipment over one-meter intervals approximately every ten meters depending upon conditions in the hole. Samples were not collected from some of the intervals below a depth of 160 meters due to restricted fluid flow. 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, 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 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, sealed core samples have been collected throughout 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. 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/2JHS0PH VANCOUVER, British Columbia, June 13, 2018 (GLOBE NEWSWIRE) -- Pistol Bay Mining Inc. (TSX-V:PST) (Frankfurt:OQS2) (OTC Pink Sheet:SLTFF) (“Pistol Bay” or the “Company’) is pleased to announce that the company has now received all the assays from its first phase of diamond drilling on the Arrow Zone, on its Confederation Lake zinc-copper (-gold and -silver) property southeast of Red Lake, Ontario. Three holes totalling 1,555.5 metres were drilled to provide additional information in areas where previous drill intercepts were sparse, or where there was a degree of uncertainty in the location of drill intercepts. via Pistol Bay Mining Inc. https://ift.tt/2JxWTPn |
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