EMP Metals reports 78% high-grade lithium resource increase

The Canadian company reports an increase and partial upgrade of its high-grade mineral resource estimate (MRE). 

The estimate is for the Viewfield and Mansur project areas, Saskatchewan and the MRE include 931,038t of indicated lithium carbonate equivalent (LCE) with a weighted average of 141 mg/L of lithium and 1,117,225t of inferred LCE with a weighted average 112 mg/L lithium. 

The company reports total resource increased by over 78.5%. The 931,038t of indicated LCE at Viewfield Project was upgraded from a previous inferred mineral resource.

They also reported drilling and test results from three vertical and one horizontal test well drilled by EMP. Confirmation of production capabilities from the first horizontal well in the project area, along with production swab tests in multiple zones from EMP test wells.

Souris River formation confirmed lithium test averaging 72mg/l.

Since the last technical update, EMP has expanded its land by more than 20%, adding over 6,700Ha of prospective lands in the Viewfield and Mansur permit areas, with total combined landholdings exceeding 83,000Ha in Southeast Saskatchewan.

Mineral resources are not mineral reserves and do not have demonstrated economic viability.

The resource estimate on the Viewfield and Mansur Projects were carried out using stochastic Monte Carlo modelling using the Crystal Ball software from Oracle.

Raw data and geologic mapping were used in the determination of minimum, maximum and expected values for net porous interval and average effective porosities.

Swab tests were performed by Red Hawk Well Servicing, with the use of a downhole mechanical swabbing string and associated surface equipment.