As a direct result of its recently announced geophysical survey findings, Liberty One Lithium Corp. has submitted the requisite environmental and drilling applications in order to accelerate a study of the prospective thick, contiguous probable brine horizon suggested by geophysics throughout the entire 29km length of its mining property. Given the regional nature of lithium brine assets in the immediate area, the Company believes the potential for brine to exist beneath the majority of the 39,000-acre property license is highly probable.
In order to further evaluate the property, the Company and its operators have developed an operational plan in anticipation of imminently receiving the permit to drill up to 11 test holes. At this time, the Company expects to commence drilling operations in Q4 2017.
Anticipated results include determination of the geology, lithology and refinement of the existing geophysical interpretation. This includes brine sampling in order to better understand the chemistry, including lithium and potassium, amongst others. In addition, the proposed program will likely include a production-scale pumping test along with core sampling to determine N.I. 43-101 regulatory compliant porosity and permeability, which will be used in future resource determinations.
Upon concluding his visit to the property, Company CEO, Brad Nichol noted, “I am extremely pleased with the progress and results the Company has achieved to-date.” Nichol continues, “ I am confident we have the necessary components in place to build a large, successful lithium production company. We have the world’s preeminent go-to lithium team based in Argentina, led by a former 29-year Rio Tinto lithium expert and supported by local mining industry veterans including chemists, geologists, engineers, laboratory personnel, operators as well as one of the region’s foremost mining legal firms with extensive lithium brine experience.”
The property is located in Salta Province, which is ranked by respected Fraser Institute analysts as the #1 jurisdiction in Argentina and #3 locale in all of Latin America to do business. It is ideally proximal to a large diameter natural gas transmission line, high-voltage power and rail transportation. A national highway runs through the middle of the property and continues into Chile to an all-weather, all-year, deep-water port. The property is virtually surrounded by lithium discoveries, reserves and production, all of which are positioned in the renowned Lithium Triangle where over half of the world’s lithium is currently produced.
The Company, through its operating partner Millennial Lithium Corp., conducted a Vertical Electrical Soundings (“VES”) survey which detects variations in subsurface conductivity. As brine is highly conductive, it was the key subsurface target. Measurements collected at 11 stations along the 29 kilometer north-south extent of the tenements, based on comparative results with local and similar rock types bearing brines, indicates the possibility of a continuous, buried conductive horizon, contiguous with the salar lake beds. Thus, the entire 160 km2 of the property appears to contain subsurface brine, which suggests the potential for lithium mineralization throughout the property.