Pure Energy Minerals Files Revised NI 43-101 Technical Report for its Clayton Valley Lithium Project
06 April 2018 - 12:44AM
Pure Energy Minerals Limited (TSX VENTURE:PE) (OTCQB:PEMIF) (the
“Company” or “Pure Energy”) is pleased to announce that it has
filed a revised technical report on SEDAR entitled “Preliminary
Economic Assessment (Rev. 1) of the Clayton Valley Lithium Project,
Esmeralda County, Nevada”. The revisions to the technical report as
originally filed on August 10, 2017 resulted from a review by the
British Columbia Securities Commission that the Company had
requested.
The Company has not modified the mineral
resource estimate or the economic analysis contained in the Clayton
Valley Technical Report.
In addition to an enhanced discussion of risks
associated with the Company’s intended lithium processing
technologies for the project, the Company has also expanded the
discussion of the basis for its conclusions that there are
reasonable prospects for eventual economic extraction of the
resources at the Clayton Valley Project. The revisions also include
certain organizational and contextual changes. There were changes
to the qualified persons who authored certain sections of the
Clayton Valley Technical Report, and some of their certificates
have been revised in association with the re-filing of the
technical report.
Pure Energy has also filed an amended and
restated Annual Information Form (“AIF”) for the year ended June
30, 2017 primarily to conform the disclosures in the AIF with those
in the revised technical report.
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. Pure Energy’s CV Project is
located in Esmeralda County, Nevada, adjacent to the only producing
lithium-brine operation in North America. The CV Project has access
to excellent infrastructure and an experienced workforce in one of
the world’s premier mining jurisdictions. 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 Company’s project sites, change in government and
changes to regulations affecting the mining industry.
Forward-looking statements in this release may include statements
regarding future design work on the CV Project, completion of
various engineering studies, progress towards a feasibility study,
construction of a pilot plant, as well as possible future
operations at the CV Project and the TC Project. 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.
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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