BCN Bacanora Minerals Ltd (delisted)

BACANORA MINERALS LTD. ("Bacanora" or the "Company") (TSX VENTURE:BCN) is
pleased to announce results of bench scale metallurgical and mineral process
testing conducted by the Metallurgical Division of Inspectorate Exploration &
Mining Services Ltd. ("Inspectorate") on clay composite samples from the La
Ventana lithium concession, owned 100% by Bacanora, and the El Sauz concession,
held under Joint Venture #1 with Rare Earth Minerals PLC ("REM"), each of which
is located in Sonora, Mexico.


The Company's pilot plant uses a roast-leach process to take lithium into
solution from the clays and the resulting solution is reduced in volume by
evaporation in order to concentrate lithium. After duplicating this process in
its independent laboratory, Inspectorate concluded that lithium carbonate
product with over 99% purity was achieved from condensed leach solutions in
laboratory scale test work. XRD ("x-ray diffraction") performed on products from
two test samples confirmed over 99.5% lithium carbonate purity as mineral
zabuyelite. These test results have been confirmed on duplicate samples tested
under similar process parameters at the Company's pilot plant in Hermosillo.


Martin Vidal, President of Bacanora, commented, "We are very pleased to be able
to produce battery grade(1) lithium carbonate from our pilot plant and are
further excited to have had this work independently verified by an arm's length,
third party laboratory. It is our intention to use the results of this work to
move the project forward to the pre-feasibility stage, with engineering work
designed to develop a commercial scale lithium carbonate recovery plant for the
La Ventana clays. In addition, successful production of high purity lithium
carbonate in tests of clay composite samples from the adjoining El Sauz
concession, under joint venture with REM, further demonstrates the significant
economic potential of the Sonora Lithium Project."


(1) It is industry standard terminology that "battery grade" lithium carbonate
is lithium carbonate product with over 99.5% lithium carbonate purity.
Battery-grade lithium carbonate is employed by the battery industry in the
production of lithium ion batteries, which are used in a variety of
applications, from small consumer and industrial appliances to electric vehicles
and large stationary energy storage facilities for electric utilities.


About the Sonora Lithium Project:

The Sonora Lithium Project consists of the La Ventana and La Ventana 1
concessions, which is owned 100% by Bacanora, along with the contiguous El Sauz,
El Sauz 1, El Sauz 2, Fleur and Fleur 1 concessions (the "Joint Venture #1
Lands") which are owned 70% by Bacanora and 30% by REM under Joint Venture #1
and the San Gabriel, Buenavista and Megalit concessions (the "Joint Venture #2
Lands") which are owned 90% by Bacanora and 10% by REM under Joint Venture #2.
The Company has declared inferred resources on each of the La Ventana
concessions and the Joint Venture #1 Lands, in respect of which reports have
been prepared in accordance with National Instrument 43-101 - Standards of
Disclosure for Mineral Projects ("NI 43-101") (please refer to the Company's
SEDAR filings for copies of these reports and related press releases). Inferred
resources have been estimated for the La Ventana Lithium Deposit totaling 60
million tonnes, averaging 3,000 ppm Li (equivalent to 1.6% lithium carbonate
equivalent assuming 100% recovery and no process losses). Inferred resources for
the El Sauz and Fleur concessions total 88,271,000 tonnes, averaging 3,163 ppm
Li at a 2,000 ppm cut-off (1.68% lithium carbonate equivalent assuming 100%
recovery and no process losses). The resource on the Joint Venture #1 Lands is
open down dip to the east and to the south. For further details concerning the
Company's first agreement with REM and details of Joint Venture #1, please refer
to the Company's press release dated May 22, 2013. For further details
concerning the Company's second agreement with REM and details of Joint Venture
#2, please refer the Company's press release dated March 12 and March 26, 2014.


Carl G. Verley, P.Geo. is the Qualified Person pursuant to NI 43-101 that has
reviewed and approved the technical contents of this news release.


Reader Advisory

Except for statements of historical fact, this news release contains certain
"forward-looking information" within the meaning of applicable securities law.
Forward-looking information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions "may" or "will"
occur. In particular, forward-looking information in this press release
includes, but is not limited to our intended use of testing results and the
potential construction of commercial scale lithium carbonate recovery plant for
the La Ventana clays. Although we believe that the expectations reflected in the
forward-looking information are reasonable, there can be no assurance that such
expectations will prove to be correct. We cannot guarantee future results,
performance or achievements. Consequently, there is no representation that the
actual results achieved will be the same, in whole or in part, as those set out
in the forward-looking information.


Forward-looking information is based on the opinions and estimates of management
at the date the statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to
differ materially from those anticipated in the forward-looking information.
Some of the risks and other factors that could cause the results to differ
materially from those expressed in the forward-looking information include, but
are not limited to: commodity price volatility; general economic conditions in
Canada, the United States, Mexico and globally; industry conditions,
governmental regulation, including environmental regulation; unanticipated
operating events or performance; failure to obtain industry partner and other
third party consents and approvals, if and when required; the availability of
capital on acceptable terms; the need to obtain required approvals from
regulatory authorities; stock market volatility; competition for, among other
things, capital, skilled personnel and supplies; changes in tax laws; and the
other risk factors disclosed under our profile on SEDAR at www.sedar.com.
Readers are cautioned that this list of risk factors should not be construed as
exhaustive. 


The forward-looking information contained in this news release is expressly
qualified by this cautionary statement. We undertake no duty to update any of
the forward-looking information to conform such information to actual results or
to changes in our expectations except as otherwise required by applicable
securities legislation. Readers are cautioned not to place undue reliance on
forward-looking information.


Neither the TSX Venture Exchange 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Bacanora Minerals Ltd.
Shane Shircliff
Chief Executive Officer
(306) 649-0602


Bacanora Minerals Ltd.
Martin Vidal
President
(+52 662) 210-0767
www.bacanoraminerals.com

Bacanora Minerals Ltd. (TSXV:BCN)
過去 株価チャート
から 5 2024 まで 6 2024

Bacanora Minerals Ltd. (TSXV:BCN)
過去 株価チャート
から 6 2023 まで 6 2024