Edison Lithium Moves Forward with Optimal Exploration Plan for Lithium in Argentina
Vancouver, British Columbia, April 5, 2022 – Edison Lithium Corp. (TSXV: EDDY, OTCQB: EDDYF; FSE: VV0) (“Edison” or the “Company”) is pleased to provide an update on its lithium properties in Argentina. The Company’s prospective lithium brine claims are principally located in the two geological basins known as the Antofalla Salar and the Pipanaco Salar in northern Catamarca Province, Argentina.
In November 2021, an Environmental Impact Assessment (EIA) Report for the prospecting phase of exploration was submitted to the mining authorities in Catamarca, Argentina. A total of 24 claims covering about 100,000 hectares in the Antofalla Salar were included in EIA Report submitted to the Provincial Government of Catamarca (Secretaría de Estado de Minería). The plan of work includes topography, mapping, geophysics using TEM (transient electromagnetic) method, and sampling.
Geophysical survey results for claims #29 and #30 suggest the presence of a potential brine zone of at least 300 metres thick that must be drilled to confirm quality and grades. The Company anticipates that geophysical survey results on selective claims are likely to identify additional drilling targets.
Argentina, alongside Bolivia and Chile, is situated in the so-called “lithium triangle” where more than 70% of the world’s lithium reserves lie beneath its salt flats. The northern Argentine provinces of Salta, Catamarca and Jujuy are where lithium operations from incumbent and new developers are concentrated.
Mining secretary Maria Fernanda Avila told Fastmarkets in London (March 3, 2022): “President Alberto Fernández and provincial governments are clear about its commitment to speed development of the country’s lithium resources. Argentina aims to be a mining country.”
Nathan Rotstein, CEO, commented: “Following the extensive period of formalizing Edison’s acquisition of the Argentine claims in the Antofalla Salar, we are moving forward to carefully draft an optimal exploration plan for our vast claims. There is a current spotlight on Argentina for lithium discovery and we are moving quickly to identify any potential lithium resource in order to take advantage of the growing demand for lithium chemistry as it relates to the heated EV sector.”
About Edison Lithium Corp.
Edison Lithium Corp. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium and other energy metal properties. The Company’s acquisition strategy is based on acquiring affordable, cost-effective and highly regarded mineral properties in areas with proven geological potential. Edison is building a portfolio of quality assets capable of supplying critical materials to the battery industry and intends to capitalize on and have its shareholders benefit from the renewed interest in the battery metals space.
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Forward-Looking Disclaimer: This news release contains certain forward-looking statements. Statements that are not historical facts, including statements about Edison’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. All information provided in this news release is as of the date of this news, and the Company undertakes no duty to update such information, except as required under applicable law.
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