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Enter Symbol
or Name
USA
CA



NRG Metals Inc
Symbol NGZ
Shares Issued 121,760,635
Close 2018-04-02 C$ 0.295
Market Cap C$ 35,919,387
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NRG Metals to start Hombre Muerto drilling in 10 days

2018-04-03 11:32 ET - News Release

Mr. Adrian Hobkirk reports

EXPLORATION PROGRAM UPDATE: DRILL PADS, ROADS, CAMP, AND INFRASTRUCTURE CONSTRUCTION UNDERWAY AT HOMBRE MUERTO NORTH PROJECT

NRG Metals Inc. has made progress at the Hombre Muerto North lithium project, located in Salta province, Argentina.

Road and drill pad construction has recently begun at Hombre Muerto by OneBorax, a local heavy-equipment contractor. The first road, located at the Tramo claim group, has been constructed and work on the first drill pad is being completed. A 15-person camp has been installed by Servicios Mineros, which includes insulated buildings, electrical generation and a fuel station supply. Road and pad construction will be continuing while drill preparations are being completed. Drilling is expected to start within 10 days. The company has on site an experienced management team which includes a senior hydrologist and a senior geologist.

The Hombre Muerto 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 project comprises mining concessions totalling approximately 3,287 hectares (8,122 acres) and is located 170 kilometres southeast of the provincial capital of Salta. Further details are available at the company website, including a recently completed National Instrument 43-101 technical report. Further exploration news is expected in the immediate future.

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 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. Further exploration news regarding the Salar Escondido project is expected in the immediate future.

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