(TheNewswire)
April 18, 2018 / TheNewswire / Vancouver, British Columbia
- LiCo Energy Metals Inc. (“the Company” or
LiCo”) TSX-V: LIC, OTCQB: WCTXF is pleased to announce the
appointment of Mr. Anthony Jackson to the LiCo Board of Directors. Mr. Jackson is a Principal at
BridgeMark Financial Corp. providing administration, corporate compliance, and financial reporting activities to public and private
companies. Mr. Jackson is also founder of Jackson & Company Chartered Accountants assisting private and public companies with full
service accounting and tax functions. Prior to his time at BridgeMark, Mr. Jackson spent a number of years working at Ernst & Young
LLP while obtaining his CA designation before moving onto work as a senior analyst at a boutique investment banking firm. Most
recently Mr. Jackson has had extensive experience as a Director and CFO of numerous publicly traded corporations in the metals and
mining industry. Mr. Jackson holds a Bachelor of Business Administration degree from Simon Fraser University and the professional
designation of Chartered Accountant (CA), where he is a member of the BC and Canadian Institute of Chartered
Accountants.
Mr. Tim Fernback, LiCo’s President & CEO states “We would like to welcome Anthony to our team.
Anthony is a seasoned mining executive with an extensive accounting background having trained for several years at Ernst &
Young LLP, one of the world’s top accounting and financial consultancy firms. Anthony has been involved with several
successful junior public mining companies in the past, including energy metal and cobalt explorers. This experience will be
valuable to the company as we move our exploration projects forward.”
Concurrent with Mr. Jackson’s appointment, LiCo further announces the resignation of Mr. Dwayne Melrose as a
Director. We wish Mr. Melrose well with his future endeavors.
About LiCo Energy Metals : https://licoenergymetals.com/
LiCo Energy Metals Inc. is a Canadian based exploration company whose primary listing is on the TSX Venture
Exchange. The Company's focus is directed towards exploration for high value metals integral to the manufacture of lithium ion
batteries.
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Glencore Bucke Cobalt Project (Cobalt, Ontario) : The Company has
purchased a 100% interest from Glencore Canada Corporation (subsidiary of Glencore plc) in the Glencore Bucke Property, situated in
Bucke Township, 6 km east-northeast of Cobalt, Ontario, subject to a back-in provision, production royalty and
off-take agreement . Strategically, the Glencore Bucke Property consists of 16.2 hectares and sits
along the west boundary of LiCo’s Teledyne Cobalt Project. The Property covers the southern extension of the #3 vein that was
historically mined on the neighbouring Cobalt Contact Property located to the north of the Glencore Bucke Property. Diamond
drilling in 1981 on the Glencore Bucke Property delineated two zones of mineralization measuring 150 m and 70 m in length.
Ontario Teledyne Cobalt Project (Cobalt, Ontario):
The Company has an option to earn 100% ownership, subject to a royalty, in the Teledyne Project located near
Cobalt. Ontario. The Property adjoins the south and west boundaries of claims that hosted the Agaunico
Mine. From 1905 through to 1961, the Agaunico Mine produced a total of 4,350,000 lbs. of cobalt and 980,000 oz. of silver. A
significant portion of the cobalt that was produced at the Agaunico Mine located along structures that extended southward onto the
Teledyne property. T he Company completed a total of 11 diamond drill holes totaling 2,200 m in the fall of
2017. The drilling has confirmed cobalt mineralization present on the Property which is consistent with historical grades as
reported historically by Cunningham-Dunlop (1979) and Bressee (1981), disclosed in earlier news releases. These reports are
available in the public domain through MNDM’s AFRI database.
NI 43-101 Reports for both the Teledyne and Glencore Bucke Properties, are publicly available on
www.SEDAR.com as well as the Company’s website. LiCo’s recently
completed diamond drilling program (September to December 2017) consisted of both twinning and infill drilling of the historical
drill holes located on both the Teledyne Cobalt and Glencore Bucke Properties.
Purickuta Lithium Project (Chile):
The Purickuta Project is located within Salar de Atacama, a salt flat encompassing 3,000 km2, being about 100
km long, 80 km wide and home to approximately 37% of the worlds Lithium production and Chile itself holds 53% of the world’s known
lithium reserves (Source: Bloomberg Markets – June 23, 2017, “Lithium Squeeze Looms as Top Miner
Front-Loads, Chile Says”) . The property is 160 hectares large and is enveloped by a concession owned by
Sociedad Quimica y Minera (“SQM”) and lies within a few kilometers of a property owned by CORFO (the Chilean Economic Development
Agency) where its leases land to both SQM and Albermarle’s Rockwood Lithium Corp. (“Albermarle”) for lithium extraction.
Together these two companies, SQM and Albermarle, have a combined annual production of over 62,000 tonnes of LCE (Lithium
Carbonate Equivalent) making up 100% of Chile’s current lithium output. As reported in The Economist
(June 15, 2017 – A battle for supremacy in the lithium triangle) , the Salar de Atacama has the largest and highest
quality proven reserves of lithium. The combination of the desert’s hot sun, scarce rainfall, and the mineral-rich brines
make Chile’s production costs the world’s lowest. This together with a favourable investment climate, low levels of
corruption, and the quality of its bureaucracy and courts makes Chile a favourable place to conduct business.
Dixie Valley Lithium Project (Nevada, USA):
The Company has an option to acquire a 100% interest, subject to a 3% NSR, on a large lithium exploration
project at the Humboldt Salt Marsh in Dixie Valley, Nevada. Some important geological similarities exist between various
lithium brines, notably geothermal activity, a dry climate, a closed basin, an aquifer, and tectonically driven subsistence exist
at Dixie Valley along with Clayton Valley and various lithium bearing salars in Chile, Argentina and Bolivia.
Black Rock Desert Lithium Project (Nevada, USA):
The Company has entered into an option agreement whereby the Company may earn an undivided 100% interest,
subject to a 3% NSR, in the Black Rock Desert Lithium Project in southwest Black Rock Desert, Washoe County,
Nevada.
The technical content of this news release has been reviewed and approved Joerg Kleinboeck, P.Geo., an
independent consulting geologist and a qualified person as defined in NI 43-101.
On Behalf of the Board of Directors
“Tim Fernback”
Tim Fernback, 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.
Disclaimer for Forward-Looking Information:
This news release may contain forward-looking statements which include, but are not limited to,
comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of
historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and
security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not
guarantees of future performance and actual results may vary materially from those statements. General business conditions are
factors that could cause actual results to vary materially from forward-looking statements.
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