Apr 20 2017
LiCo Energy Metals Inc. (the "Company "or "LiCo") is pleased to announce that Company representatives are currently in Chile finalizing details for the upcoming lithium brine exploration program at the Purickuta Project located within the Salar de Atacama, Chile.
The plan first calls for completion of a detailed Transient Electromagnetic Method (TEM) geophysical survey. This type of survey provides detailed information on sub-surface conductive layers that can be used to prioritise the most optimum drilling locations. Drilling to depths of approximately 200m will commence shortly thereafter or as soon as the requisite exploration permits have been issued. This will be followed by a detailed engineering and hydrological study that includes 72hr flow testing, porosity measurements and calculation of potential reserve values. An RFP for drilling quotes will be issued this coming week.
"It is with great anticipation that we approach the start of our exploration program in the Salar de Atacama, famous for its Lithium production by our neighbors SQM and Albemarle. If all goes well, we are hoping to have success with our project. Several direct extraction technologies are now being developed which would be an ideal fit for the Purickuta Project," commented Mr. Dwayne Melrose, Director and Head of the Technical Advisory Board of LiCo.
The Company holds an option to acquire up to a 60% interest in the Purickuta Exploitation concession (the "Property"). The technical content of this news release has been reviewed and approved by Alan Morris CPG and Qualified Person.