Day: May 23, 2018

MGX Minerals Updates Exploration Programs at Ontario Hard Rock Lithium JV Properties

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CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (OTCQB:MGXMF) (FSE:1MG) is pleased to announce that joint-venture partner Power Metals Corp. (“Power Metals”) has reported and commenced a geological mapping program at the Paterson Lake lithium property (“Patterson Lake”) located 60 km north of Kenora, Ontario. The geological mapping program at Paterson Lake will be followed by a similar program at the Gullwing-Tot Lakes property (“Gullwing-Tot Lakes”) located 30 km northeast of Dryden, Ontario. The purpose of the mapping programs is to confirm known locations of spodumene/petalite pegmatite dyke outcrops, locate additional lithium mineralization, and identify historic drill collars for future drill programs. read more

Advantage Lithium announces an updated resource estimate of 3.0 Mt LCE at Cauchari

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V.AAL, Advantage Lithium, lithium, Argentina, David Sidoo
Figure 1: Location of Cauchari boreholes and the NW and SE Target areas (CNW Group/Advantage Lithium Corp)

Advantage Lithium Corp. (the “Company” or “Advantage Lithium”) (TSX Venture: AAL) (OTCQX: AVLIF) is pleased to announce an updated resource estimate for the Company’s flagship Cauchari Project in Jujuy, Argentina based on the Phase II drilling results. The update, prepared by FloSolutions S.A.C., has increased the inferred resource to a volume of approximately 1,200 million cubic metres of brine at average grades of 450 mg/l lithium and 4,028 mg/l potassium for 3.0 Mt of Lithium Carbonate Equivalent (LCE) and will be the basis for our Preliminary Economic Assessment (PEA) scheduled for completion in Q2 2018. read more