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LSC Lithium Corp
Symbol LSC
Shares Issued 140,265,202
Close 2018-01-22 C$ 1.36
Market Cap C$ 190,760,675
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LSC Lithium surveys Li to 500 metres deep at Rio Grande

2018-01-22 09:12 ET - News Release

Mr. Ian Stalker reports

LSC LITHIUM DISCOVERS DEEP SEATED LITHIUM IN BRINE BEARING FORMATIONS IN EXCESS OF 500M DEPTH ON RIO GRANDE

Results for the recently completed controlled-source audio-frequency magnetotellurics subsurface conductivity survey carried out on LSC Lithium Corp.'s Rio Grande lithium project indicate that there could be significant depth to the lithium-bearing formations on the project.

Highlights:

  • Lithium-in-brine bearing formations indicated to more than 500 metres of depth;
  • Two deep-seated depositional centres identified;
  • Historic and current phase one drilling is to 100 m;
  • Results for phase one drill program imminent;
  • Phase two exploration program to test deeper levels of the salar;
  • National Instrument 43-101 mineral resource estimate by end of February, 2018.

The company's president and chief executive officer, Ian Stalker, commented: "The fact that the potential depth to the base of the salar on Rio Grande is estimated to be over 500 m is a significant discovery for the company. This adds an additional 400 m to the depth of known brine-bearing formations which may be a potential upside for the project. We look forward to publishing the results from our recent drill program that will add further value to this announcement and to the 2018 mineral resource delineation exercise which will test this deeper target."

In order to acquire high resolution magnetotelluric imaging, the geophysical contractor used the digital MT acquisition system Stratagem EH-4. The Stratagem EH-4 acquisition system (hybrid-source magnetotellurics) uses the magnetotelluric method to measure subsurface conductivity.

Interpretation of the results indicates that the potential for lithium-bearing formations extends to depths in excess of 500 m below surface. Secondly, the results also indicate the presence of two deep-seated depositional centres. The first is well developed in the northern section of the salar and is open ended both at depth deeper than 500 m and laterally to the north. The second depositional centre is more centrally located. LSC's 2018 drill program will investigate both of these deep targets and is also designed to deliver a National Instrument 43-101 mineral resource to the measured category.

Qualified person/data verification

The scientific and technical information included in this press release is based upon information prepared and approved by Donald Hains, PGeo. Mr. Hains is a qualified person, as defined in National Instrument 43-101, and is independent of LSC. Mr. Hains has verified all sampling, analytical and test data underlying the information contained in this press release.

Maps and figures associated with this news release are available on-line.

About LSC Lithium Corp.

LSC Lithium has amassed a large portfolio of prospective lithium-rich salars and is focused on developing its tenements located in five salars: Pozuelos, Pastos Grandes, Rio Grande, Salinas Grandes and Jama. All LSC Lithium tenements are located in the Lithium Triangle, an area at the intersection of Argentina, Bolivia and Chile where the world's most abundant lithium brine deposits are found. LSC Lithium has a land package portfolio totalling approximately 300,000 hectares, which represents extensive lithium prospective salar holdings in Argentina.

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