Posted in | Lithium | Mining Business

NRG Metals Provides Drilling Progress Update on Salar Escondido Lithium Project

NRG Metals Inc., is pleased to provide the following update further to the news release dated October 19, 2017 on drilling progress at the Salar Escondido Lithium Project, Catamarca Province, Argentina.

As of Saturday October 28, 2017, AGV Falcon Drilling SRL, completed 170 meters of drilling on the first drill hole of an anticipated initial round of six drill holes planned at the project. At 108 meters the hole intersected an aeolian sand horizon, and saline brine is present below a depth of 140 meters. Drill core extracted from a depth of 160 m exhibits very vuggy and porous sandstone with halite (common NaCl salt) efflorescence. The efflorescence is indicative of saline brine that has precipitated when exposed to air, indicating that the pores and cavities were filled with saline brine. Drilling is continuing, and packer sampling is commencing.

Mr. William Feyerabend, Certified Professional Geologist # 11047 , a member of the American Institute of Professional Geologists, has been retained to act as on site Qualified Person for the sampling program. Mr. Feyerabend has extensive experience in the exploration of lithium, and recently acted as the author for NI 43-101 Technical Reports for Lithium X.

The Salar Escondido is a large basin, roughly 20 by 40 kilometers in size, which is mostly covered by a series of overlapping alluvial fans. NRG's technical team believes that a large salar with an area of at least 700 km2 developed in the basin approximately two million years ago. After the salar was formed, it was buried by coalescing alluvial fans, and it is thus considered to be a "paleo-salar," hence the name Salar Escondido, which means "hidden salar" in Spanish.


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