Sampling of Petro-Lithium Brine from the First 43 Wells Complete, under Analysis
Vancouver, BC (FSCwire) - E3 METALS CORP. (TSX-V: ETMC, FSE: OU7A) (the “Company” or “E3 Metals”) is pleased to announce the completion of the first round of sampling of Petro-Lithium brine water from petroleum wells, located over several of E3 Metals’ Metallic and Industrial Minerals (MIM) Permits in Alberta. Samples have been collected in collaboration with 11 oil and gas operators. The samples have been received at the accredited laboratories and are undergoing analysis.
Sampling locations were chosen to confirm historical testing results outlined in the E3 Metals NI 43-101 Report, dated May 18. 2017, available under the Company’s profile at www.sedar.com and at www.e3metalscorp.com. Historical results in the sampling area ranged as high as 74.1 mg/L lithium within E3 Metals MIM Permit areas across this small portion of the reservoir. Additionally, E3 Metals has sampled several locations where no historical lithium concentration data is available. The consistency of the lithium concentrations found within the reservoir is a critical component in allowing for commercialization of the Company’s project. This, combined with the ability to produce large volumes of water, the size of the reservoir and the extraction technology efficiency, forms the fundamentals for developing the Company’s Petro-Lithium Project. E3 Metals is working on all four of these metrics simultaneously to drive this project forward as effectively as possible.
“We are pleased to have delivered samples from the first 43 wells to the lab for analysis, collected during the first round of our ongoing sampling program” said E3 Metals’ CEO, Chris Doornbos, “This is an increase of almost double our expected number of wells and I would like acknowledge the cooperation of the oil and gas operators E3 has been collaborating with during this sampling round. Our sampling will continue into the fall with planning of additional programs currently underway.”
ON BEHALF OF THE BOARD OF DIRECTORS,
Chris Doornbos, President & CEO
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.
This news release includes certain forward-looking statements concerning the development of the Alberta Petro-Lithium Project, the reliability or accuracy of historical information acquired by the Company in respect of our projects, the future performance of our business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward looking statements except as required by applicable law.
DIRECTORS
Chris Doornbos
Paul Reinhart
Jeremy Read
Mike O’Hara
Peeyush Varshney
CONTACT INFORMATION
205 – 227 10th St NW
Calgary, AB T2N 1V5
+1 (877) 319-7634
admin@e3metalscorp.com
e3metalscorp.com
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/E3Metals09202017.pdf
Source: E3 Metals Corp. (TSX Venture:ETMC)
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