Phase 2 Lithium Sampling Begins on E3 Metals Permit Areas
Figure 1: E3 Metals permit areas (red outline) with previously announced sampling results (circles) and new sampling results (triangles). Blue indicates the Leduc Reservoir and green indicates the Nisku Reservoir. Mineral resource areas are indicated with black dashed lines.
E3 METALS CORP. (TSXV: ETMC, FSE: OU7A, OTC: EEMMF) announces that it has initiated the second phase of sampling for lithium at active oil and gas wells across the Company’s Alberta Lithium Project Permit Areas. This second phase of sampling will accomplish three goals critical for the development of the Company’s Petro-Lithium Project in South-Central Alberta:
- Extend sampling in areas allocated for resource extensions planned for 2018
- Return to previously sampled areas for repeated analysis which will assist in upgrading the resource to Measured + Indicated in the future
- Collection of a 1000 liter (L) sample from the Clearwater Project area to be used for bench scale lithium extraction test work
The second phase sampling program will begin this week and is expected to continue on an ongoing basis for the next 2 to 3 months continuing into 2018.
The Company has been provided access by several operators to wells and batteries for collection of brine samples to determine the concentration of lithium contained within the formation water. The sampling program will be conducted at multiple locations within the Company’s Metallic and Industrial Minerals (MIM) Permit Areas. After the samples are collected in the field, they will be transported to accredited laboratories for analytical tests. The first results from the sampling program are expected to be available within 6 to 8 weeks. E3 Metals would like to thank the operators collaborating with the Company to complete the sampling program.
“The second phase of sampling beginning this week is building on the success of the first phase of sampling completed in October,” said E3 Metals’ CEO Chris Doornbos. “Phase one results are being used to produce the Company’s first compliant mineral resource estimate expected to be announced before the end of this year. We are continually expanding our sampling area which will lead to the definition of additional resource estimates in 2018.” Mr. Doornbos also commented “The collection of a large sample of formation brine water for extraction test work is also a key part of the Company’s development goals for 2018.”