NRG Metals Files Technical Report for Hombre Muerto North Project, Argentina
Located in Salta and Catamarca Provinces, Argentina. The property package of 3,287 hectares is comprised of the Alba Sabrina, Tramo, Natalia Maria, Gaston Enrique, Viamonte and Norma Edit concessions, all located in the Salar del Hombre Muerto in northwestern Argentina. The Hombre Muerto North Lithium Project owned by NRG Metals Inc. (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt OGPN), 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 the 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 CSAMT 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, M&A 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 (PEA).
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 CSAMT 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, M&A 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 (PEA).