HIGHLIGHTS

• Verification drill hole program confirms wide spread lithium mineralisation
• Drill results combined with the previously announced depth of the Salar (500+ m) indicates the potential for large lithium brine resource
• Drill hole RG-2017-24T returns a range of between 375mg/l Li to 657mg/l Li over 90m
• Drill hole RG-2017-7T returns range of between 384mg/l Li to 535mg/l Li over 89m
• Drill hole RG-2017-1T returns range of between 385mg/l Li to 411mg/l Li over 86m
• Drill hole RG-2017-22T returns range of between 356mg/l Li to 385mg/l Li over 92m
• Drill hole RG-2017-27T returns range of between 327mg/l Li to 433mg/l Li over 74m
• NI 43-101 Mineral Resource estimate by end of February 2018

TORONTO, Jan. 24, 2018 (GLOBE NEWSWIRE) -- LSC Lithium Corporation (“LSC” or together with its subsidiaries, the “Company”) (TSXV:LSC) is pleased to announce drill results from its Rio Grande lithium in brine project located in the Argentinian section of the Lithium Triangle. These verification program results verify and support historic drill hole results which established wide spread lithium mineralisation over the 18,000 ha salar surface.

The Company’s CEO Ian Stalker commented “This eight hole verification program intersects extensive lithium mineralisation on this large 18,000 ha salar surface. Furthermore, recently announced CS-AMT results indicate that the mineralisation drilled could extend to in excess of 500m below surface in two depositional centers of the salar in the north and center respectively. We intend to test these deeper targets as part of the 2018 Mineral Resource upgrade program.”

The aim of the eight hole drill program was to verify the historical results reported for 33 holes drilled across the salar by ADY Resources Ltd. (“ADY”). These results, including those reported by LSC, will be utilised in the NI 43-101 Mineral Resource estimate which is planned for issue by the end of February 2018. The ADY drill holes were all terminated at approximately 50m below surface. A decision to extend the LSC drill holes to a planned 100m was made to test potential high-grade lithium mineralisation at depth. This has proved successful as lithium mineralisation down hole trends tend to increase in grade at depth.

Drilling was carried out utilising a wireline triple tube core barrel system recovering HQ size core for geological logging and Relative Brine Release Capacity (RBRC) analysis. While drilling in the center of the salar in proximity to drill holes SRG-2017-22T and SRG-2017-18T, unconsolidated volcanic derived sands were encountered which prevented both holes drilling to the planned depth of 100m below surface, reaching 60m and 84.5m respectively. In some cases it was deemed necessary to repeat some of the drill holes in the top 20m to 50m below surface where either the packer equipment was inoperable or brine recoveries where negative with corresponding historical ADY data indicating positive brine samples at the particular down hole elevation. The packer sampling in the eight LSC twin holes was designed to replicate the intervals within the ADY drill holes and this was achieved to an acceptable level.

Map 1: LSC Due Diligence Drill Hole Locations

Table 1: Verification Diamond Drill Program Summary – Salar de Rio Grande
Hole	POSGAR 94 DATUM		Elevation (Z)	Depth (m)	Azimuth	Dip	Method	Bit Size
	East (X)	North (Y)
SRG-2017-35T	2587211.0	7230569.0	3701.89	100.0	0	90	DDH	HQ
SRG-2017-07T	2582718.0	7229102.0	3701.57	100.0	0	90	DDH	HQ
SRG-2017-01T	2586170.0	7234917.0	3701.92	100.0	0	90	DDH	HQ
SRG-2017-22T	2583870.0	7223137.0	3704.78	60.0	0	90	DDH	HQ
SRG-2017-27T	2585891.0	7221137.0	TBA	100.0	0	90	DDH	HQ
SRG-2017-24T	2587912.0	7223137.0	3705.20	100.0	0	90	DDH	HQ
SRG-2017-32T	2588923.0	7219137.0	3705.65	100.0	0	90	DDH	HQ
SRG-2017-18T	2584880.0	7225137.0	3702.99	84.5	0	90	DDH	HQ

Sampling and QA/QC

Brine sampling for packer tests involved collection of brine from the sample interval in a 20-litre container, which was flushed with fresh brine several times prior to collection of the sample. Brine was poured into 1-litre sample bottles which had been previously flushed with fresh brine from the 20-litre container several times. Sample bottles were filled to the top to eliminate the inclusion of air and sealed with a leak proof lid. Samples were labelled and labels covered in clear tape to prevent erasure of sample information. All samples remained in the possession of the site geologist until delivery to Alex Stewart Argentina (“ASA”) S.A. Laboratory in Jujuy, Argentina by courier. Brine sampling for the pump stress test involved collection of samples from a valve attached to the pump outlet. Brine was allowed to flush and then fresh brine was used to wash the sample bottle several times before collecting the sample. Sample bottles were 1-litre in size and were filled to the top to prevent entrance of air. The samples were sealed with a leak proof lid, labelled and the label covered by clear tape. Samples remained in the possession of the site until delivery by courier to the assay laboratory.

RBRC samples were cut to length using a hack saw, bubble wrapped for protection and then placed in PVC tubes which were sealed with packaging tape. The samples were labelled and the labels wrapped in clear tape. Samples remained in the custody of the site geologist until shipped. Brine (20-litres) from each of the holes from which the samples were collected was also shipped to DBSA as part of the sample test protocol. DBSA is independent of LSC.

LSC has a well-developed QA/QC program. Brine assays are undertaken at ASA in Jujuy, Argentina. ASA is independent of LSC and has significant experience in assaying lithium brines and is certified to ISO17025 standards. Brine assays are undertaken using ICP, gravimetric, potentiometric and volumetric methods as detailed in a press release from LSC dated April 10, 2017.

ASA runs internal duplicates at a rate of 1 in 20. LSC inserts blanks and standards in sample batches at a rate of 1 in 20. Standards are internal standards developed by LSC that have been independently certified by round robin testing. LSC uses distilled water as blanks. 

Qualified Person/Data Verification

The scientific and technical information included in this press release is based upon information prepared and approved by Donald H. Hains, P.Geo.  Mr. Hains is a qualified person, as defined in NI 43-101 and is independent of LSC and ADY. Mr. Hains has verified all sampling, analytical and test data underlying the information contained in this press release by on-site inspection during brine sampling and review of certified assay certificates against the assay data base.

ABOUT LSC LITHIUM CORPORATION:

LSC Lithium has amassed a large portfolio of prospective lithium rich salars and is focused on developing its tenements located in five salars: Pozuelos, Pastos Grandes, Rio Grande, Salinas Grandes, and Jama. All LSC tenements are located in the “Lithium Triangle,” an area at the intersection of Argentina, Bolivia, and Chile where the world’s most abundant lithium brine deposits are found. LSC Lithium has a land package portfolio totaling approximately 300,000 hectares, which represents extensive lithium prospective salar holdings in Argentina.

For further information please contact:

LSC Lithium Corporation
Ian Stalker
President & Chief Executive Officer
151 Yonge Street, 11th floor
Toronto ON, Canada M5C 2W7
(416) 304 9384
Email: [email protected]
Web: lsclithium.com

Forward-Looking Statements

Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or future performance, including statements as to, the ability of LSC to confirm prior historical exploration work conducted on Salar de Rio Grande, ability and anticipated timing to complete a NI 43-101 report on the Salar de Rio Grande, extension of lithium to depth, ability and timing of testing deeper targets, and the ability to include drill results in NI 43-101. The use of any of the words “could”, “anticipate”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on LSC's current belief or assumptions as to the outcome and timing of such future events. Whether actual results and developments will conform with LSC's expectations is subject to a number of risks and uncertainties including factors underlying management's assumptions, such as risks related to: title, permitting and regulatory risks; exploration and the establishment of any resources or reserves on LSC properties; volatility in lithium prices and the market for lithium; exchange rate fluctuations; volatility in LSC’s share price; the requirement for significant additional funds for development that may not be available; changes in national and local government legislation, including permitting and licensing regimes and taxation policies and the enforcement thereof; regulatory, political or economic developments in Argentina or elsewhere; litigation; title, permit or license disputes related to interests on any of the properties in which the Company holds an interest; excessive cost escalation as well as development, permitting, infrastructure, operating or technical difficulties on any of the Company's properties; risks and hazards associated with the business of development and mining on any of the Company's properties. Actual future results may differ materially. The forward-looking information contained in this release is made as of the date hereof and LSC is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein. For more information, see the Company's filing statement on SEDAR at www.sedar.com.

Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release.

A map accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/64c1c26e-e7f6-44cd-8817-29f7d0368fae

 

Source: LSC Lithium Corporation