VANCOUVER, British Columbia, Jan. 26, 2018 /PRNewswire/ --
NRG Metals Inc. ("NRG" or the "Company") (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt OGPN), is pleased
to announce the results of a recent sampling program at the Company's 3,237 hectare Hombre Muerto Norte lithium project in
Salta Province, Argentina. The results are summarized in the following table.
Sample Number
|
Property
|
Li (mg/l)
|
K (mg/l)
|
Mg (mg/l)
|
Mg/Li
|
SO4
|
HMN-1
|
Tramo
|
1120
|
8554
|
3594
|
3.2
|
9158
|
HMN-2
|
Tramo
|
792
|
6049
|
2392
|
3.0
|
9627
|
HMN-4
|
Tramo
|
1011
|
9236
|
2378
|
2.4
|
7441
|
HMN-6
|
Tramo
|
1216
|
10368
|
3718
|
3.1
|
5316
|
HMN-7
|
Alba Sabrina
|
353
|
3059
|
2674
|
7.6
|
10388
|
HMN-9
|
Natalia Maria
|
911
|
8857
|
1300
|
1.4
|
8528
|
HMN-11
|
Natalia Maria
|
793
|
8870
|
1075
|
1.4
|
7985
|
HMN-003, HMN-5, HMN-8 and HMN-10 were blanks and duplicate samples that returned acceptable values.
Jose de Castro, COO of NRG, commented, "We are delighted by the by the high lithium values and
the favorable low Mg/Li ratios at Hombre Muerto Norte. NRG recently obtained permits from the provincial government of Salta
for drilling and construction of evaporation test ponds, and the Company expects to award a drilling contract and commence
construction of the test ponds shortly."
The Hombre Muerto Norte project is located at the northern end of the prolific Hombre Muerto Salar, adjacent to FMC's
producing Fenix lithium mine and Galaxy Resources' Sal de Vida development stage project. The Fenix mine is the largest
producing lithium mine in Argentina, and the Sal de Vida project is the largest development
stage lithium project in Argentina. The location of the samples is shown on the following
map.
The sampling was conducted during the second week of January and supervised by Mark Rosko of
Montgomery & Associates of Santiago, Chile. Mr. Rosko is a Qualified Person under National
Instrument 43-101. Measurements in the field included pH, conductivity, temperature and density, and the field measurements were
consistent with the same measurements made in the laboratory. The samples were analyzed by the Alex Stewart laboratory in
Jujuy, Argentina. Alex Stewart employed Inductively Coupled Plasma Optical Emission Spectrometry ("ICP-OES") as the
analytical technique for the primary constituents of interest, including those shown in the table. Alex Stewart maintains a
strict internal QA/QC program employing multiple standards, re-analyses by AA and calculation of ionic balances. Mr. Rosko
introduced blanks and duplicate samples for QA/QC, and all QA/QC results corroborate the analyses reported in this press
release.
As reported in the Company's 43-101 Technical Report dated October 2017, CSAMT geophysical data
(controlled source audio-frequency magneto-tellurics) suggests that the brine zone may extend to considerable depth, as
illustrated on the following cross section that extends from the Alba Sabrina property on the west to the Tramo property on the
east.
About the Company:
NRG Metals Inc. is an exploration stage company focused on the advancement of lithium brine projects in Argentina. In addition to the Hombre Muerto Norte project, the Company is evaluating its 29,000 hectare
Salar Escondido project in Catamarca province where the company recently completed the first drill hole that proved the Company's
conceptual model of a buried lithium brine target.
NRG Metals Inc. currently has approximately 109 million shares issued and outstanding, and trades on the TSX Venture Exchange
under symbol NGZ, on the OTC QB Market under symbol NRGMF, and on the Frankfurt Stock Exchange under symbol OGPN. The
Company currently has working capital of CAD$3.1 million dollars.
Mr. Rosko supervised and approves the scientific and technical disclosure contained in this press release.
On behalf of the board of directors of NRG Metals Inc.:
Adrian F.C. Hobkirk
President and C.E.O.
The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept
responsibility or liability for the adequacy or accuracy of the contents of this news release.
This news release contains certain "forward- looking statements" within the meaning of Section 21E of the United States
Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain
information contained herein constitutes forward- looking statements. Forward-looking statements are based upon 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 which could cause actual results to differ materially from those projected in the forward looking statements. The reader
is cautioned not to place undue reliance on forward-looking statements. The transaction described in this news release is subject
to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval,
market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations
and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described
in this news release. We seek safe harbour.
T: Investors / Shareholders Call 855-415-8100 / Direct to Adrian Hobkirk 714.316.3272
E: ahobkirk@nrgmetalsinc.com
W: www.nrgmetalsinc.com
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SOURCE NRG Metals Inc.