Pure Energy Minerals Launches Maiden Drill Program at its Terra Cotta Lithium Project, Argentina
12 Februar 2018 - 2:29PM
Pure Energy Minerals Limited (TSX-V:PE) (OTCQB:PEMIF) (the
“Company” or “Pure Energy”) is pleased to announce the start of its
first exploration drilling program at the Terra Cotta lithium brine
project (the “TC Project”) at Salar de Pocitos in the Salta
Province of Argentina. The approved Environmental Impact Report
(EIR) authorizes drilling, sampling, and aquifer testing of up to
ten exploratory boreholes at the TC Project.
The initial phase of work will include
approximately 1,100 meters of diamond-drill coring and brine
sampling at three borehole locations. Roads and drill pads have
already been constructed for these three locations, and the coring
rig arrived at the first location on February 10, 2018.
Walter Weinig, Pure Energy’s Vice President of
Projects and Permitting, commented, “We are excited to begin
the first deep drilling and sampling program on the TC properties
in the heart of Salar de Pocitos. Conhidro S.R.L. has provided
expert hydrogeological and field support from their base in Salta,
and the team has identified several promising drill targets based
on the results of our mapping, sampling, and geophysical work as
described in our October 2, 2017 press release. The drilling
contractor, Andina, has a wealth of experience working in the
Lithium Triangle, particularly in the Puna region and Salta
Province. Based on the presence of lithium bearing brine in
previously reported surface samples and the strong geophysical
anomalies at depth, we look forward to the analytical results from
the first subsurface samples in the area.”
Pure Energy’s TC Project is located in the heart
of Argentina’s lithium-rich Puna Region. Significant deposits of
lithium in brine occur approximately 32 km (20 miles) north at
Rincon Salar and approximately 90 km (56 miles) south at Salar del
Hombre Muerto. Salar de Pocitos is directly accessible by Salta
Provincial Highway 17 and enjoys excellent infrastructure,
including a gas pipeline and rail line on the eastern edge of the
salar and a high voltage power line only 30 km (18 miles) to the
north.
Quality Assurance
Walter Weinig, Professional Geologist and SME
Registered Member (SME Registered Member # 4168729), is a qualified
person as defined by NI 43-101 and supervised the preparation of
the scientific and technical information that forms the basis for
this news release. Mr. Weinig is not independent of the Company as
he is an officer.
About Pure Energy Minerals
Limited
Pure Energy Minerals is a lithium resource
developer that is driven to become a low-cost supplier for the
growing lithium battery industry. The Company is developing the
Clayton Valley Project (“CV Project”) in Clayton
Valley, Nevada. The Company is also exploring a major new lithium
brine project in the Lithium Triangle of South America, the Terra
Cotta Project (“TC Project”). The TC Project is
located on Salar de Pocitos in Salta, Argentina, where it enjoys
some of the best infrastructure and access of any lithium brine
exploration project in Argentina.
On behalf of the Board of Directors,
“Patrick Highsmith” Chief Executive Officer
CONTACT:
Pure Energy Minerals Limited (www.pureenergyminerals.com) Email:
info@pureenergyminerals.com Telephone – 604 608 6611
Cautionary Statements and
Forward-Looking Information
The information in this news release contains
forward looking statements that are subject to a number of known
and unknown risks, uncertainties and other factors that may cause
actual results to differ materially from those anticipated in our
forward looking statements. Factors that could cause such
differences include: changes in world commodity markets, equity
markets, costs and supply of materials and equipment relevant to
the mining industry, weather or other conditions that may affect
access to the TC Project site, change in government and changes to
regulations affecting the mining industry. Forward-looking
statements in this release may include statements regarding future
exploration and drill results on the TC Project, as well as the
timing of the current work program. Although we believe the
expectations reflected in our forward looking statements are
reasonable, results may vary, and we cannot guarantee future
results, levels of activity, performance or achievements.
It should also be noted that while Pure Energy’s
projects are sometimes close to operating lithium mines or other
advanced lithium exploration projects being pursued by other
companies, the lithium content or brine chemistry on properties
nearby Pure Energy’s land packages is not necessarily indicative of
the brine chemistry on the properties being explored by the
Company.
The Company does not undertake to update any
forward-looking information, except as required by applicable
laws.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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