Emp Metals Acquires New Wellbore FOR Lithium Testing
Tel : 604 689 7422 Fax : 604 689 7442 204 – 998 Harbourside Drive North Vancouver, BC V7P 3T2
EMP METALS ACQUIRES NEW WELLBORE FOR LITHIUM TESTING
Vancouver, British Columbia, May 24, 2022 – EMP Metals Corp. (CSE: EMPS)(OTC:
EMPPF) (“EMP Metals” or the “Company”) is pleased to announce that EMP subsidiary
company Hub City Lithium (“HCL”) and Epping Energy Inc. have entered into a Wellbore
Takeover Agreement (the “Agreement”) over 131/08-07-014-11W2 (the “Well’) whereby HCL
will test the Well for lithium concentrations. Within the Agreement HCL assumes the
abandonment liability of the Well, estimated at $70,000, which aligns with HCL’s highly cost-
effective strategy of testing for lithium within existing infrastructure. The Well is located in the
Tyvan area of Southeast Saskatchewan which is within half mile of HCL’s lands.
A multi-zone perforation test will be performed post-break-up on the Well, testing the inflow
potential and lithium concentrations in the target Duperow zone. The Duperow zone is the same
zone that confirmed lithium concentrations of up to 96.3 mg/l in the Mansur, which is
approximately 50km SW of the Well. The follow up flow test of the Mansur test well indicated
the potential for future development of a dual layer lithium brine project with high flow rates and
brine concentrations in the 86 to 96.3 mg/l range. Vertical wellbore development of the lower
Duperow zone with 86 mg/l zone is viable due to the high flow rates in that zone.
The Tyvan Permit Area has existing infrastructure with greater than fifty oil wellbores drilled
through the target formation. This allows for potential cost savings on future development and
allows the Company to map and target certain lands with lithium potential. This existing
infrastructure is expected to lower the ultimate cost of early-stage development of the resource.
The Tyvan Permit Area, Mansur Permit Area, and Viewfield Permit Area now collectively cover
an area extending 40 miles north and 40 miles east of the City of Weyburn. The existing oil and
gas infrastructure within the area includes over a hundred oil wells drilled through the target
formation that can be used for geological mapping, future lithium testing, and development. In
addition to the existing oil field infrastructure and labour pool, the economics of the project area
are enhanced by the presence of existing infrastructure, including but not limited to: paved
highways, rail lines, existing three phase electrical supply, and access to natural gas.
Rob Gamley, CEO of EMP Metals, commented, “This is an exciting development as we continue
to drive our strategy forward. This new well is located in a completely separate area from our
successful test well at Mansur and we are confident this will be a significant addition to our
growing lithium resource. The existing infrastructure within our permit areas and the
Government of Saskatchewan’s support for critical minerals projects presents many distinct
advantages allowing us to be optimistic for a quick to production scenario compared to other
regions.”
Lithium Brine Properties Joint Venture
Tel : 604 689 7422 Fax : 604 689 7442 204 – 998 Harbourside Drive North Vancouver, BC V7P 3T2
The lithium brine properties consist of 37 permits totaling 212,633 acres (86,050 hectares) of
Subsurface Crown Mineral Dispositions in the Williston basin of Southern Saskatchewan. Brine
sampling of a vertical wellbore located on one of the properties returned lithium concentrations in
the Duperow formation up to 96.3 mg/l.
EMP Metals holds 67% of the joint venture with Hub City Minerals (“HCM”) holding the 33%
balance.
Qualified Person
The technical content of this news release has been reviewed and approved by Greg Bronson, P.
Geo., a qualified person for the purpose of National Instrument 43-101.
About EMP Metals
EMP Metals is a Canadian-based exploration company focused on the acquisition and exploration
of mineral projects with significant development potential. Its current portfolio includes lithium
exploration projects in Saskatchewan, Canada. For more information, please go to the Company’s
website at www.empmetals.com.
Corporate Inquiries:
Rob Gamley, President & CEO
Phone: 604-689-7422 (please leave a message)
Email: [email protected]
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on
assumptions as of the date of this news release. These statements reflect management's current
estimates, beliefs, intentions and expectations. They are not guarantees of future performance.
EMP Metals cautions that all forward-looking statements are inherently uncertain, and that actual
performance may be affected by a number of material factors, many of which are beyond EMP
Metals’ control. Such factors include, among other things: risks and uncertainties relating to EMP
Metals' limited operating history, ability to obtain sufficient financing to carry out its exploration
and development objectives on its mineral properties, obtaining the necessary permits to carry out
its activities and the need to comply with environmental and governmental regulations.
Accordingly, actual and future events, conditions and results may differ materially from the
estimates, beliefs, intentions and expectations expressed or implied in the forward-looking
information. Except as required under applicable securities legislation, EMP Metals undertakes no
obligation to publicly update or revise forward-looking information.
Neither the Canadian Securities Exchange (“CSE”) nor its Regulation Services Provider (as that
term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of
this news release.