E3 Lithium Outlines Inaugural 2.5 Mt LCE Inferred Mineral Resource within the Estevan Lithium District in Saskatchewan
Highlights:
- The Technical Report outlines an inferred mineral resource of just over 2.5 million tonnes of lithium carbonate equivalent (LCE)
-
E3 Lithium Estevan Lithium District - The lithium concentrations near E3 Lithium’s Land holdings are reported to be as high as 259 mg/L
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Figure 1: Outline of the
“The resource over our Saskatchewan Property represents an exciting development prospect for
The technical report will be available on the Company’s website (e3lithium.ca/technical-reports) and SEDAR (www.sedar.com) within 45 days of this announcement.
The disclosure in this news release of scientific and technical information pertaining to the Saskatchewan Property has been reviewed and approved by
Resource Estimate
The elevated lithium concentrations of interest exist within the Duperow Formation, which was broken down into six distinctive zones based on geological characteristics. The resource estimate has been calculated across E3 Lithium’s permits within the
First, data complication and review of existing reports within the
The mineral resource estimate for the
Interval |
Brine Volume
|
Average
|
|
LCE (t) |
Seward |
898,000,000 |
99 |
89,000 |
473,000 |
Flat |
0 |
N/A |
0 |
0 |
Upper Wymark |
630,000,000 |
120 |
76,000 |
402,000 |
Middle Wymark |
2,541,000,000 |
101 |
257,000 |
1,366,000 |
|
398,000,000 |
68 |
27,000 |
144,000 |
|
624,000,000 |
48 |
30,000 |
159,000 |
Total |
5,091,000,000 |
|
478,000 |
2,545,000 |
The mineral resource estimate was completed by a multi-disciplinary team led by
To calculate the brine volume for each zone within the Duperow, the
ON BEHALF OF THE BOARD OF DIRECTORS
About
1: The Preliminary Economic Assessment (PEA) for the Clearwater Lithium Project NI 43-101 technical report is amended
Forward-Looking and Cautionary Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of emerging lithium extraction technologies which have not yet been tested or proven on a commercial scale or on the Company’s brine, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Neither the
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President & CEO
investor@e3lithium.ca
587-324-2775
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