Maverick Flagship Project: Nevasca Lithium IN the Lithium Triangle
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MAVERICK FLAGSHIP PROJECT:
NEVASCA LITHIUM IN THE LITHIUM TRIANGLE
FOR IMMEDIATE RELEASE
Vancouver, British Columbia – February 21, 2023 – CDN Maverick Capital Corp.
(“Maverick” or the “Company”) (CSE: CDN; OTCQB:AXVEF; Frankfurt: 338B) is pleased to
provide an overview of its 100% ownership interest in the Nevasca Lithium project located in the
Salar de Arizaro, Salta Province (Argentina), t he prolific Lithium Triangle; known to be rich in
lithium reserves and said to produce about a third of the Global Supply according to U.S.
Geological Survey in 2022.
Figure 1: Relative position of the project to neighbour Lithium Chile (TSX-V: LITH)
The Nevasca Lithium Project (the “Property”) is located approximately 220 km west of the city of
Salta (See Figures 1 and 2). It covers an area of approximately 28,4 square kilometres in one
single exploration and mining concession. Access to the property can be done year-round via a
well-maintained unpaved road that leads to Fortuna Silver ’s Lindero Mine ( located 15 km
southwest of the Nevasca Lithium Project area). The Nevasca Project is proximal to ground held
by Lithium Chile, who recently published a NI 43- 101 compliant resource estimate that includes
1,337,000 tonnes of lithium carbonate equivalent (LCE) in the indicated and 1,250,000 tonnes in
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the inferred resource categories : (Lithium Chile Corporation, Interim Technical Report, January
27, 2023) and is currently drilling its third production well.
Figure 2. Location and Geographical Features of the Nevasca Lithium Property
Project History
Arizaro is one of the largest Salars in the Argentine Altiplano and forms part of what is known as
the “Lithium Triangle”, covering an area of 1,600 square kilometers within a 6,000 km2 watershed
region. The salar is characterized by the presence of late Cenozoic volcanic and plutonic rocks,
associated with sedimentary and evaporitic deposits, including lithium -bearing brines. In recent
years, the resurgence of lithium demand due to the growth of the electric vehicle market and the
increasing demand for lithium-ion batteries and the rise in world average price from USD$ 6,690
per tonne in February 2020 to USD $69,383 in February 2023 ( https://tradingeconomics.com),
and as a result, exploration activities in the Arizaro Salar have scaled up rapidly. Today, multiple
companies are operating in the area, one of them being Lithium Chile Inc., which owns the
neighboring Arizaro Lithium Project where the company reported Hydra-sleeve samples yielding
values up to 446 mg/l of Li (Using the inflatable packer system, lithium samples returned values
up to 555 mg/ls).
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Figure 3: Major deposits, development stage and mining projects neighbouring the project area.
Geology:
Based on initial field reconnaissance work, satellite imagery analysis, and regional geological
maps, a local geological map was created. The local basement consists of tertiary red -beds
composed of stratified sandy clay. The most abundant unit in the area corresponds to horizontally
layered and t erraced travertines, interbedded with fine sand and subordinate gypsum. This
evaporitic sequence is consistent with others seen in comparable mature Salars such as Rincón,
Pastos Grandes, Pocitos, and Hombre Muerto.
These deposits are interpreted to be l acustrine in origin and found in the edge zone of the salt
flat. Surficial clay layers with a thin layer of halite were observed in the northern sector, which
show plasticity and are poorly porous. A cone-shaped alluvial fan composed of poorly classified
unconsolidated material was observed in the mid-eastern part of the property. There is a thin and
ocherous unit with higher sediment content located at a lower elevation, under the travertine which
corresponds to an active evaporitic crust zone of the Arizaro Salar. Two faults were identified in
the southern sector based on satellite imagery and field observations.
The project area encompasses a transitional setting between clastic sediments and evaporites,
which typifies a playa zone, as commonly observed in analogous salar environments across the
Lithium Triangle.
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Figure 4: Local Property Geology map.
“Salta is one of the top mining jurisdictions in Latin America and being at the heart of the Lithium
Triangle, known for being one of the few major sources of lithium production in the world , our
significant land position, which includes targets for lithium -rich brine and clay deposits in one of
the largest salar basins in the Argentinean altiplano, in such an active and coveted area will
produce excellent shareholder value in the short and long term. The success of companies in the
area, such as Alpha Lithi um and Lithium Chile which have secured extensive exploration
financing, further solidifies our belief in the enormous potential of the Arizaro and similar salar
environments in the region. Maverick has submitted an environmental and social impact
assessment report before the Mine Court of the Province of Salta for advanced exploration drilling
permitting and anticipate approval in the near future as the Company moves to aggressively
capitalize on the momentum and opportunity in the region," Commented Adam Cegielski, CEO.
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Qualified Person
Raul Sanabria, M.Sc., P.Geo., is the qualified person ("QP") for the C ompany as defined by
Canadian National Instrument 43 -101, has reviewed and approved the technical information
contained in this release.
About CDN Maverick Capital Corp:
CDN Maverick is a Vancouver -based diversified natural resource investment and junior
exploration company whose focus is the development of mineral projects. The Company owns a
100% interest in the Nevasca Lithium Project located in the Arizaro Salar in Salta, Argentina.
Maverick controls more than 1.6M shares of Noram Lithium Corp. (TSX -V: NRM) which is
developing the Zeus Lithium Deposit in Clayton Valley Nevada, adjacent to Albemarl e's Silver
Peak Lithium mine and production facility. CDN Maverick also has a 100% interest in the Rainbow
Canyon Gold Project in the Olinghouse Mining District, in the Washoe County Nevada.
ON BEHALF OF THE BOARD OF DIRECTORS
Sandy MacDougall
Founder, Chairman and Director
C: 778.999.2159
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This news release contains projections and forward - looking information that involve various risks and uncertainties regarding future
events. Such forward - looking information can include without limitation statements based on current expectations involving a number
of risks and uncertainties and are not guarantees of future performance of the Company. The following are important factors that could
cause the Company’s actual results to differ materially from those expressed or implied by such forward looking statements; the
uncertainty of future profitability; and the uncertainty of access to additional capital. These risks and uncertainties could cause actual
results and the Company's plans and objectives to differ materially from those expressed in the forward- looking information. Actual
results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward-
looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their
entirety by this notice. The Company assumes no obligation to update forward -looking information should circumstance or
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