Project:

Laguna Verde

Size

Aggregate total concession size of approximately 6,300 hectares in Region III, northern Chile

Location

193 km east of regional capital Copiapo, adjacent to Highway 60 and 15 km west of the Argentinian border

Timeline

Gravity survey May 2017


LAGUNA VERDE LAND POSITION (GREEN OUTLINE), AND THE 2017 TEM GEOPHYSICAL LINES (RED LINE).

Laguna Verde Overview

Lithium brines generally occur in surface and sub-surface brines as well as in deeper brine aquifers. At Laguna Verde the Company has retained claims which cover areas considered prospective for sub-surface brines.  The interpretation of brine potential results from extensive geophysical Transient Electromagnetic (“TEM”) surveys completed by the Company and the Company has identified drill targets based on TEM data.

 


Work Program

The Company is currently analyzing data collected from field work studies, including resistivity tests which are quite accurate for locating subsurface brines. The result of the analysis will give the Company drill targets that will be drilled once the seasonal factors permit so. The Company believes that the above ground lake at the Laguna Verde, which was originally anticipated to be the only potential resource of lithium, is in fact a small part of a much larger lithium basin where the bulk of anticipated lithium brines are located underneath the lake in permeable layers that form the salar basin.