LiCo Energy Metals Inc. is pleased to announce the positive results demonstrated in the technical report on the TEM geophysical survey recently conducted over the Purickuta Project located within the Salar de Atacama, Chile. The Transient Electromagnetic Method (TEM) geophysical survey report (June, 2017) prepared by Geodatos Chile states the following:
- "Beneath the surface crust (up to 14m thick) is detected a conductive unit with values of Resistivity less than 1 ohm-m, which are interpreted as brines, divided into two sub units:
- High conductivity saturated unit (0.4 and 0.9 ohm-m), the thickness of this layer varies between 6.3m and 22m and;
- Very high conductivity saturated unit (02 to 0.4 Ohm-m) this layer is detected at two depths, the first under the saline crust, with thickness of 3 and 7m, then again under the unit of high conductivity with a greater thickness of100m, not detecting the floor of this stratum," (meaning beyond the detective depth capacity of the TEM survey).
Tim Fernback, President and CEO, comments: "These extremely positive results add significantly to our belief in the commercialpotential of the Purickuta Project. In the lithium triangle of Chile, Argentina and Bolivia, similar resistivity surveys consistently demonstrate that lithium brine-bearing aquifers are directly related to a low-resistivity, high-conductivity horizon within the salar. We found these positive geophysical characteristics over the entire property. Coming up, we have a 300m-diamond drill hole testdesigned to determine the lithium bearing capacity of the aquifer as outlined by Geodatos and I look forward to announcing the results."
Salar de Atacama is considered to represent the planet's largest deposit of economically recoverable Lithium and is very well known for its Lithium production by LiCo's neighbors SQM and Rockwood/Albemarle.
The Company holds an option to acquire up to a 60% interest in the Purickuta Exploitation concession (the "Property"). The technical content of this news release has been reviewed and approved by Dwayne Melrose, Director and Qualified Person.