Significant increase in northern high-grade mineral resource estimate at 800 mgl lithium cut-off: Measured and indicated resource estimate of 1,682,000 tonnes of lithium carbonate equivalent at an average grade of 926 mgl Lithium Significant increase of central and southern medium-grade resource estimate at 400 mgl Lithium cut-off: Measured and indicated resource estimate 5,304,000 tonnes of lithium carbonate .
Neo Lithium Discovers New Deep Brine Aquifer in the High-Grade Zone of the 3Q Project
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Every new drill hole intercepted high-grade brine at depth of up to 362m and outside of the previous resource estimate in 2018
Previous resource estimate in the northern high-grade zone only went to 100m and drill hole PP1-R-26 250m off-strike
The Company expects to deliver a positive new resource update including all the new deeper and off-strike drill holes in Q2 2021
TORONTO, May 27, 2021 /CNW/ - Neo Lithium Corp. (
Neo Lithium or the
Company ) (TSXV: NLC) (OTCQX: NTTHF) (FSE: NE2) is pleased to announce that as a result of the current drilling program it has successfully intercepted a new deep brine aquifer, located outside the area which resulted in the Company s Updated Mineral Resource Estimate Technical Report on the 3Q Lithium Project, Catamarca Province, Argentina prepared by Groundwater Insight Inc. with an effective date of August 14, 2018.
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