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MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to report that joint venture partner Power Metals Corp. (“Power Metals”) is nearing completion of the 5,000 metre drill program at Case Lake Lithium. Forty-four holes have been completed to date. The program has been extended and five more shallow holes are planned for a total of 49 drill holes (See Figure 2 below).
I am in the middle of writing up an interview with Argentina Lithium’s (T.LIT) CEO Niko Cacos. Strategic Metals and Rare Earths International, a newsletter published from Amsterdam has put out a “special situation” report on Argentina Lithium. This sort of in-depth background material is just what an investor needs to do due diligence before investing.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to report the Company has engaged Dawson Geophysical Company (“Dawson”) of Houston, Texas to conduct a detailed seismic geophysical survey over the Blueberry Unit within the Company’s Paradox Basin Petrolithium project in Utah (“Paradox Basin” or the “Project”). Preparations are underway and Dawson expects to commence the survey shortly. The goal of the survey is to identify subsurface geological formations and structures favorable to the accumulation of oil, gas and mineral brine deposits.
Advantage Lithium Corp. (the “Company” or “Advantage Lithium”) (TSX Venture: AAL) (OTCQX: AVLIF) – Mr. David Sidoo, President and CEO, announces that the Company and its exploration partner Nevada Sunrise Gold Corporation (TSXV: NEV) (“Nevada Sunrise”) (together, the “Vendors”) have signed an asset purchase agreement (the “Agreement”) to effect the sale of the Clayton Northeast Project (“Clayton NE”) to Pure Energy Minerals Limited of Vancouver, B.C., Canada (TSXV: PE) (“Pure Energy”). Clayton NE is located adjacent to the Silver Peak lithium brine mine in Esmeralda County, Nevada, the only producing lithium mine in North America.
Advantage Lithium Corp. (the “Company” or “Advantage Lithium”) (TSX Venture: AAL) (OTCQX: AVLIF) is pleased to provide this update on the first sample results from CAU07 and CAU16 in the previously undrilled NW Sector of the Cauchari JV property located in Jujuy Province, Argentina.
Argentina Lithium & Energy Corp. (TSX-V:LIT) (FSE:OAY1) (WKN: A0RK7E) (OTC:PNXLF), “Argentina Lithium” or the “Company”) is pleased to announce that it has acquired a 100% interest in, or has under application, mineral rights totaling 23,700 hectares covering the entire Incahuasi Salar and basin in Catamarca Province, Argentina. The salar is situated within the “Lithium Triangle” of Argentina and Chile, and has characteristics prospective for lithium-rich brines. Initial sampling of near-surface brines has returned up to 409mg/L lithium, and geophysical surveying indicates the potential for lithium-rich brines at depth.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to report that engineering partner PurLucid Treatment Solutions (“PurLucid”) has been awarded a non-repayable contribution totaling up to C$8.2 million in government funding to support the commercialization of a low energy water treatment system for the oil and gas industry. Specifically, Sustainable Development Technology Canada (“SDTC”) and Emissions Reduction Alberta (“ERA”) have agreed to fund up to $3.2 million and $5 million, respectively. MGX currently owns a 34% interest in Purlucid and has the right to acquire 100% through successive future investments. Working with MGX, Purlucid invented and filed patent applications for apparatus and methods for brine treatment and selective lithium recovery that integrates with the MGX Petrolithium Recovery Process, greatly reducing the cost of recovery and enhancing the quality across the complex range of brines received from oil and gas wells.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to report that joint venture partner Power Metals Corp. (“Power Metals”) has received initial assay results from drilling at the Case Lake property near Cochrane, Ontario. As reported by Power Metals, drilling has intersected three wide high-grade lithium (Li) and tantalum (Ta) mineralized intervals including:
Lithium is very much in the news. The immense possibilities of the electric vehicle revolution with its endless appetite for Lithium Ion batteries have crews drilling lithium-bearing brines and looking at hard rock lithium deposits very seriously.
Avalon Advanced Materials Inc. (T.AVL) provided a progress report on its Separation Rapids hard rock lithium project near Kenora Ontario.