Highlights of another good set of results announced today from drilling another well (refer to company’s web site for full report)
Cauchari JV Drilling Update Excellent NW Sector Results Averaging 571 mg/l Li - Hole CAU17
Vancouver, British Columbia, April 17, 2018 – Advantage Lithium Corp. (the "Company" or "Advantage Lithium") (TSX Venture: AAL) (OTCQX: AVLIF) is pleased to provide this update on the brine sampling of diamond core hole CAU17 in the NW Sector of the Cauchari JV property located in Jujuy Province, Argentina.
Highlights:
CAU17 drilled in the NW Sector intersected extensive gravel and sandy sediments, similar to hole CAU18, which is located 2.6 km further to the east.
Drilling has now confirmed the NW Sector contains sediments with relatively high drainable porosity and permeability which extend south From CAU17 and CAU18 through hole CAU07 to CAU16 and CAU15 as shown in Figure 1.
Brine sampling in CAU17 averaged 571 mg/l Li and 4,488 mg/l K in three samples taken in the lower part of the gravel sequence between 177 m and 203 m depth. These samples have an average Mg/Li ratio of 2.3:1, comparable to the nearby Olaroz project and other drilling in the NW Sector
Diamond drill hole CAU14 in the SE Sector is currently at a depth of 445 m with the aim of evaluating the continuation of the deep sand unit in the SE Sector
The Cauchari resource estimate is now expected to be completed in mid-May
Phase 3 drilling will start during May with new drilling equipment being mobilized to site, targeting the deep sand-dominated units in the SE Sector
Project Director Mr. Andy Robb commented: “The results of CAU17 are very encouraging, showing the continuation of high brine grades and attractive brine chemistry in the north of the NW Sector. Drilling in this area has now been completed for resource estimation purposes and on completion of CAU14 a new resource will be estimated for the project by mid-May.”
