The higher confidence measured and indicated (M&I) resource, at 1.682 million tonnes of lithium carbonate equivalent, has increased by 125% at the 800.
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 outside of the resource area on 3Q project in Argentina
The company said it hopes to deliver a new resource update in 2Q 2021 that will include all the new, deeper and off-strike drill holes Two other wells drilled as part of the program ran from zero to 167 metres with 1,128 milligrams per litre (mg/l) lithium and from 90 to 268 metres with 1,117 mg/l
Neo Lithium Corp (CVE:NLC) (OTCQX:NTTHF) revealed that it has intercepted a new deep brine aquifer on its 3Q lithium project in Argentina.
The new aquifer is located outside of the current 3Q resource area, approximately 250 metres east of the 3Q project lake.
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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