Mr. Adrian Hobkirk reports
NRG METALS FILES TECHNICAL REPORT FOR HOMBRE MUERTO NORTH PROJECT, ARGENTINA
NRG Metals Inc. has filed
a National Instrument 43-101 technical report dated Sept. 8, 2017, entitled Technical
Report for the Hombre Muerto North Project, Salta and Catamarca Provinces, Argentina, on the company's SEDAR profile
and its website. The report was prepared by of Montgomery & Associates
Consultores Limitada and authorized by Michael Rosko, MSc, PGeo, an independent qualified person under NI 43-101.
Highlights:
- Brine chemistry results reveal high lithium values;
- Geophysical SCAMT sections identify two large resistive anomalies;
- Recommendation for further exploration to support a resource calculation;
- Eight-hole drill program to test the expected lithium zone.
The Hombre Muerto North lithium project shares the same hydrogeological basin as the existing FMC Lithium Fenix mine
that has been producing lithium carbonate during the past 20 years. It is also adjacent to Galaxy Resources' Sal de Vida
project, referred by Galaxy Resources as the "best lithium-potassium undeveloped project in brines through the Argentinean
puna."
In summary, the surface brine chemistry sampling results for the project reveal high values of lithium when compared with
other projects in the salars of the puna region, and are consistent with previously reported results for the Sal de Vida project
(Houston and Jaacks, 2010; M&A and GAI, 2012). Geophysical controlled-source electromagnetics and audi-frequency magnetotellurics sections covering the Alba Sabrina, Natalia Maria
and Tramo properties define two large resistivity anomalies that may represent deep lithium-bearing brine zones. Given these
factors, and the acknowledgement of long-term lithium brine production in the salar by FMC Lithium at their Fenix mine and
the brine mineral resource and reserve estimates by Galaxy Resources, Montgomery judges the project as a property of merit and
warrants additional investigations in order to advance to a phase of exploration drilling, testing, and sampling and a level for
preliminary economic assessment.
NRG plans to conduct an exploration program to support a mineral resource estimate for lithium on the project and rapidly
move to a development and production phase. An exploration drill program has been planned by the technical team, and will
likely include up to eight diamond core holes. Following coring operations, large-diameter (10-inch to 16-inch borehole diameter)
rotary-drilled production wells will be installed at the same locations as the diamond drill holes for conducting pumping
tests and estimating brine extraction rates for well field development. Anticipated depths for the core holes will range from
about 30 metres to 400 metres, with 400 metres as a maximum. The depth of the production wells will be determined based upon the
results obtained from the diamond drilling. In addition, a vertical electrical sounding survey may be conducted at the
Alba Sabrina property prior to drilling in order to confirm if the hole will be drilled.
Qualified person
Michael Rosko, MSc, PGeo, of Montgomery & Associates Consultores Limitada, an independent qualified person as defined
by NI 43-101 guidelines, has participated in the preparation of this press release, and has reviewed and approved the technical
content.
About NRG Metals Inc.
NRG Metals is an exploration stage company focused on the advancement of lithium brine projects in Argentina. In
addition to the Hombre Muerto North project, the company is evaluating the Salar Escondido lithium project. The Salar
Escondido comprises approximately 29,000 hectares. An exploration drill program is currently under way at this location.
We seek Safe Harbor.
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