Mr. Adrian Hobkirk reports
NRG METALS ANNOUNCES HIGH GRADE LITHIUM SAMPLE RESULTS AT HOMBRE MUERTO NORTE PROJECT AND ISSUE OF DRILLING PERMITS
NRG Metals Inc. has provided the results of a recent sampling program at the company's 3,237-hectare Hombre Muerto Norte lithium project in Salta province, Argentina. The results are summarized in the attached table.
Sample No. Property Li (mg/L) K (mg/L) Mg (mg/L) Mg/Li SO4
HMN-1 Tramo 1,120 8,554 3,594 3.2 9,158
HMN-2 Tramo 792 6,049 2,392 3.0 9,627
HMN-4 Tramo 1,011 9,236 2,378 2.4 7,441
HMN-6 Tramo 1,216 10,368 3,718 3.1 5,316
HMN-7 Alba Sabrina 353 3,059 2,674 7.6 10,388
HMN-9 Natalia Maria 911 8,857 1,300 1.4 8,528
HMN-11 Natalia Maria 793 8,870 1,075 1.4 7,985
HMN-003, HMN-5, HMN-8 and HMN-10 were blanks and duplicate samples
that returned acceptable values.
Jose de Castro, chief operating officer of NRG, commented: "We are delighted by the by the high lithium values and the favourable low Mg/Li ratios at Hombre Muerto Norte. NRG recently obtained permits from the provincial government of Salta for drilling and construction of evaporation test ponds, and the company expects to award a drilling contract and commence construction of the test ponds shortly."
The Hombre Muerto Norte project is located at the northern end of the prolific Hombre Muerto salar, adjacent to FMC's producing Fenix lithium mine and Galaxy Resources' Sal de Vida development stage project. The Fenix mine is the largest producing lithium mine in Argentina, and the Sal de Vida project is the largest development stage lithium project in Argentina.
The sampling was conducted during the second week of January and supervised by Mark Rosko of Montgomery & Associates of Santiago, Chile. Mr. Rosko is a qualified person under National Instrument 43-101. Measurements in the field included pH, conductivity, temperature and density, and the field measurements were consistent with the same measurements made in the laboratory. The samples were analyzed by the Alex Stewart laboratory in Jujuy, Argentina. Alex Stewart employed inductively coupled plasma optical emission spectrometry (ICP-OES) as the analytical technique for the primary constituents of interest, including those shown in the table. Alex Stewart maintains a strict internal quality assurance/quality control program employing multiple standards, reanalyses by AA and calculation of ionic balances. Mr. Rosko introduced blanks and duplicate samples for QA/QC, and all QA/QC results corroborate the analyses reported in this press release.
As reported in the company's National Instrument 43-101 technical report dated October, 2017, CSAMT geophysical data (controlled source audio-frequency magneto-tellurics) suggest that the brine zone may extend to considerable depth, as illustrated on a cross-section available on-line that extends from the Alba Sabrina property on the west to the Tramo property on the east.
About the company
NRG Metals is an exploration stage company focused on the advancement of lithium brine projects in Argentina. In addition to the Hombre Muerto Norte project, the company is evaluating its 29,000-hectare Salar Escondido project in Catamarca province where the company recently completed the first drill hole that proved the company's conceptual model of a buried lithium brine target.
NRG Metals currently has approximately 109 million shares issued and outstanding and trades on the TSX Venture Exchange under symbol NGZ, on the OTC QB Market under symbol NRGMF and on the Frankfurt Stock Exchange under symbol OGPN. The company currently has working capital of $3.1-million.
Mr. Rosko supervised and approves the scientific and technical disclosure contained in this press release.
We seek Safe Harbor.
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