Bacanora Announces Battery Grade Lithium Carbonate Produced From La Ventana & El Sauz Composite Samples, Sonora Lithium Proje...
2014年4月23日 - 5:26AM
Marketwired
Bacanora Announces Battery Grade Lithium Carbonate Produced From La
Ventana & El Sauz Composite Samples, Sonora Lithium Project,
Mexico
CALGARY, ALBERTA--(Marketwired - Apr 22, 2014) - 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.
Bacanora Minerals Ltd.Shane ShircliffChief Executive
Officer(306) 649-0602Bacanora Minerals Ltd.Martin
VidalPresident(+52 662) 210-0767www.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