Edison Lithium
Moves Forward with Optimal Exploration Plan for Lithium in
Argentina
Vancouver, British
Columbia, Canada -- April 5, 2022 -- InvestorsHub NewsWire
-- Edison Lithium
Corp. (TSXV:
EDDY,
OTCQB:
EDDYF; FSE: VV0) ("Edison"
or the "Company")
is pleased to provide an update on its lithium properties in
Argentina. The Company's
prospective lithium brine claims are principally located in the two
geological basins known as the Antofalla Salar and the Pipanaco
Salar in northern Catamarca Province, Argentina.
In November 2021, an
Environmental Impact Assessment (EIA) Report for the prospecting
phase of exploration was submitted to the mining authorities in
Catamarca, Argentina. A total of 24 claims covering about 100,000
hectares in the Antofalla Salar were included in EIA Report
submitted to the Provincial Government of Catamarca (Secretaría de
Estado de Minería). The plan of work includes topography, mapping,
geophysics using TEM (transient electromagnetic) method, and
sampling.
Geophysical survey
results for claims #29 and #30 suggest the presence of a potential
brine zone of at least 300 metres thick that must be drilled to
confirm quality and grades. The Company anticipates that
geophysical survey results on selective claims are likely to
identify additional drilling targets.
Argentina, alongside
Bolivia and Chile, is situated in the so-called "lithium triangle"
where more than 70% of the world's lithium reserves lie beneath its
salt flats. The northern Argentine provinces of Salta, Catamarca
and Jujuy are where lithium operations from incumbent and new
developers are concentrated. Source:
Fastmarkets
Mining secretary Maria
Fernanda Avila told Fastmarkets in London (March 3, 2022):
"President Alberto Fernández and provincial governments are clear
about its commitment to speed development of the country's lithium
resources. Argentina aims to be a mining country."
Nathan Rotstein, CEO,
commented: "Following the extensive period of formalizing Edison's
acquisition of the Argentine claims in the Antofalla Salar, we are
moving forward to carefully draft an optimal exploration plan for
our vast claims. There is a current spotlight on Argentina for
lithium discovery and we are moving quickly to identify any
potential lithium resource in order to take advantage of the
growing demand for lithium chemistry as it relates to the heated EV
sector."
About
Edison Lithium Corp.
Edison Lithium Corp. is a
Canadian-based junior mining exploration company focused on the
procurement, exploration and development of cobalt, lithium, and
other energy metal properties. The Company's acquisition strategy
is based on acquiring affordable, cost-effective, and highly
regarded mineral properties in areas with proven geological
potential. Edison is building a portfolio of quality assets capable
of supplying critical materials to the battery industry and intends
to capitalize on and have its shareholders benefit from the renewed
interest in the battery metals space.
On behalf of the Board of
Directors:
"Nathan
Rotstein"
Nathan
Rotstein
Chief Executive Officer
and Director
For more information
please contact:
Tel:
416-526-3217
Email:
info@edisonlithium.com
Website:
www.edisonlithium.com
Neither
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
Forward-Looking
Disclaimer: This
news release contains certain forward-looking statements.
Statements that are not historical facts, including statements
about Edison's beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties and a number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement. In some cases, forward-looking statements can be
identified by words or phrases such as "may," "will," "expect,"
"anticipate," "target," "aim," "estimate," "intend," "plan,"
"believe," "potential," "continue," "is/are likely to" or other
similar expressions. All information provided in this news release
is as of the date of this news, and the Company undertakes no duty
to update such information, except as required under applicable
law.
We seek Safe
Harbor.