Lancaster Resources Applies for Drilling Permits for Maiden Drill Program on the Alkali Flat Lithium Brine Project
Lancaster Resources Applies for Drilling
Permits for Maiden Drill Program on the Alkali
Flat Lithium Brine Project
Vancouver, British Columbia--(Newsfile Corp. - September 27, 2023) -
Lancaster Resources Inc.
(CSE: LCR) (OTC Pink: LANRF) (FSE: 6UF0)
("
Lancaster
"), has submitted applications to the State
of New Mexico Energy, Mines, and Natural Resources Department (EMNRD) and Bureau of Land
Management (BLM) to drill up to three wells targeting both shallow and deep conductive layers on its
Alkali Flat Lithium Brine Project near Lordsburg, New Mexico.
The targets were identified by Lancaster's geological team following the success of Lancaster's recent
MT (Magneto-Telluric) Geophysics program, which highlighted multiple highly conductive subsurface
aquifers and zones of interest.
The application to the EMNRD includes the maiden drilling program and a parallel, but separate,
application to the BLM covers both drilling access and a subsequent MT geophysics program over the
entire claim.
"We are very excited about moving forward with drilling both the shallow and deep targets after our MT
Survey showed very clear subsurface zones of interest with high conductivity.
The identified targets show
clear opportunities for large aquifers containing concentrated lithium brine," says Andrew Watson,
Lancaster Resources' VP, Operations and Engineering. "We are expecting our first drill hole to allow us
to collect brine samples, along with rock cuttings or core, from targeted intervals, allowing us to
determine the concentration of lithium and other minerals."
During the drilling program, rock cuttings, core, and brine samples will be collected from selected
intervals, with assay results expected to be available shortly after drilling completion. Previous drilling
applications on the playa, although not culminated in drilling, have set a procedural precedent that should
aid in regulatory approval.
The MT program targeted highly conductive stratigraphic units (layers) to further delineate drill targets in
a highly prospective area on the NE part of the 5,200 acre (2,100 Ha) property.
The MT results along with Lancaster's recent exploratory and geochemical results have highlighted
multiple high-priority drill locations believed to host lithium-rich aquifers.
Results indicate a near-surface
low resistivity highly conductive layer ~150m (490 ft) deep along with a deeper low resistivity highly
conductive layer at ~760m (~2500 ft) subsurface.
Results also confirm the N-S trending basin continues
from adjacent claims to the north, through Lancaster's property.
The planned drilling and exploration program is being designed with a focus on minimizing
environmental impact. Measures have been put in place to mitigate effects on the playa environment,
water courses, and any historical and cultural artifacts. In particular, precautions have been established
to protect freshwater sources that might be encountered during drilling.
Andrew Watson, PEng, a qualified person for the purposes of National Instrument 43-101 Standards of
Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information
contained in this news release.
About Lancaster Resources Inc.
Lancaster Resources is engaged in exploring energy transition metals to take advantage of the global
shift towards decarbonization and electrification. It holds the rights to acquire 100% of the Alkali Flat
Lithium Project, in Lordsburg, New Mexico, USA, which involves the exploration of a below-surface
lithium brine target. Lancaster's goal is to produce Climate-Positive Lithium using direct lithium
extraction technology and solar power.
Lancaster recently acquired the rights to a 100% interest in the
Trans-Taiga Lithium Property located within the James Bay lithium district of Quebec, and lying on the
same fault as significant lithium discoveries, including Patriot Metals' Corvette Property. Lancaster plans
to conduct exploration activities with a holistic view of stakeholder interests. Guiding Lancaster
Resources' journey is a skilled management and technical team, with collective involvement in over 15
commercial mineral discoveries, and endowed with extensive experience in the creation of lithium brine
targets and the exploration and development of Lithium projects across Canada, the American West,
Mexico, and South America.
Penny White, President & Chief Executive Officer, Lancaster Resources Inc.
Tel: 604 923 6100
www.lancaster-resources.com
The Canadian Securities Exchange has neither reviewed, approved nor disapproved the contents of
this news release.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking information. These
statements relate to future events or Lancaster's future performance. The use of any of the words
"could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements
relating to matters that are not historical facts are intended to identify forward-looking information and
are based on Lancaster's current belief or assumptions as to the outcome and timing of such future
events. Actual future results may differ materially. In particular, the ability of Lancaster to execute its
exploration plans, obtain exploration and drilling permits retain key personnel, identify, acquire,
explore, and develop high-quality mineral-rich properties, and integrate sustainable energy sources
and innovative technologies for climate-positive resource production constitute forward-looking
information. Actual results and developments may differ materially from those contemplated by
forward-looking information.
Readers are cautioned not to place undue reliance on forward-looking information. The statements
made in this press release are made as of the date hereof. Lancaster disclaims any intention or
obligation to publicly update or revise any forward-looking information, whether as a result of new
information, future events, or otherwise, except as may be expressly required by applicable securities
laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/182031