Highlights of the
In
Assay Results | Round 1 | Round 2 | ||
Hole LV22-04 | Range (ppm) | Average (ppm) | Range (ppm) | Average (ppm) |
Lithium | 386 - 417 | 398 | 256 - 354 | 324 |
Magnesium | 851 - 2,215 | 1,902 | 1,153 - 2,007 | 1,773 |
Mg to | 2.2 - 5.7 | 4.8 | 4.5 - 5.7 | 5.5 |
Boron | 289 - 392 | 343 | 188 - 344 | 294 |
Sulphate | 10,479 | 9,698 | ||
Chloride | 60,872 | 58,630 | ||
PH | 7 | 7 |
Exploratory sampling conducted by the Company in 2018 has shown lithium values in the range of 34 to 1,270 milligrams per liter (mg/L) – (see press release dated
In 2018, the Company completed a 39.2-line- kilometers of ground geophysical survey. The survey results indicate high value brine lithium exploration targets in a salar core area of 3.4 square kilometers within a 23 square kilometre, 100- to 150-meter-thick sedimentary basin with the potential to host lithium-brines. Interpretation of gravity survey data show a major fault system exists to the east of the Laguna
In 2018, a bench scale evaporation test of approximately 4,000 litres of brine sample from the Laguna Verde License Area was carried out in Ultra Argentina laboratories located in Salta. The density of the original brine sample was 1156 and its lithium concentration was 391 ppm. Two types of evaporation tests were conducted. The first test included evaporating 179 litres of brine sample in an external pool located outside to match natural evaporation conditions. The results indicate that in a period of five months, the brine volume was reduced from 16 cubic metres (m3) to 3 m3 and lithium concentration increased from 391 to 6,760 ppm. Major salts produced during this process were Halite, Felsobanyaite, Silvite, Lithium Sulfate, Potassium, Carnalite, Kainite and Gypsum. The second test was conducted inside in controlled conditions. The results indicated that the original brine volume of 2,326 m3 was reduced to 85.06 m3 and the lithium concentration increased from 391 to 7,370 ppm (see press release dated
La Maru,
The Company did not complete the option payments for the La Maru,
Qualified Person
The technical information contained in this news release has been reviewed and approved by
About
ON BEHALF OF THE BOARD OF DIRECTORS
“Kiki Smith”
For further information, please contact the Company at:
Attention:
Telephone: 778 968-1176
Email: kiki@ultralithium.com
Website: www.ultralithium.com
or view the Company’s filings at www.SEDAR.com.
Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “plans”, “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ and may differ materially from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
Neither
Source:
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