Mar 17 2015
BACANORA MINERALS LTD. ("Bacanora" or the "Company") is pleased to announce that it has appointed SRK Consulting (UK) Limited ("SRK"), as part of the engineering team to review and prepare an updated resource statement on the Sonora Lithium Project in northern Mexico, in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and the Joint Ore Reserve Committee ("JORC") guidelines.
This resource statement will form the basis for detailed mine design work required for the completion of the Sonora Project's pre-feasibility study and will be used in negotiations with potential Project partners and potential lithium off-take partners.
Colin Orr-Ewing, Chairman of Bacanora, commented:
"Bacanora looks forward to working with SRK to update our mineral resources on the Sonora Lithium Project. SRK has wide experience in the lithium sector working on resource modelling and mineral processing at some of the largest developing projects in the world. This experience will be invaluable as we continue to progress the Project."
"It is anticipated that recent drilling successes on the Sonora Lithium Project should result in further increases to the previously declared lithium resources that have been published by the Company for the Sonora Lithium Project. It is anticipated that this work could be completed as early as the end of April."
Source: http://www.bacanoraminerals.com/