E3 Metals Files Exshaw West Technical Report
E3 Metals Files Exshaw West Technical Report
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E3 Metals files NI 43-101 technical report for its Exshaw West 3.9Mt LCE inferred
resource
Technical report includes results of concentration technology testing on Exshaw West
Petro-Lithium brines which demonstrated 16 times lithium concentration and removal of
over 99% metal impurities
CALGARY
,
June 19, 2018
/CNW/ - E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTC:
EEMMF) (the "Company" or "E3 Metals") is pleased to announce that the Company has filed the NI
43-101 technical report for its Exshaw West property. The independently prepared report details the
addition of 3.9Mt of Lithium Carbonate equivalent (LCE) resource (inferred) and includes the results
of recent metallurgical testing of the Company's proprietary lithium concentration technology. The
report is now available on SEDAR at
www.sedar.com
as well as on the Company's website. Please
refer to the news releases of
May 3, 2018
and
May 29, 2018
for more detail.
About E3 Metals Corp.
E3 Metals is a Petro-Lithium company rapidly advancing the development of direct recovery lithium
brine projects in
Alberta
. E3 Metals holds lithium resources at 6.7 Mt LCE (inferred)
1
. The Company
has a compelling competitive advantage by virtue of having access to extensive infrastructure built by
the Oil and Gas industry in
Alberta
. This has provided E3 Metals with low finding costs, as the
Company has been able to sample existing wells to define its resource. This infrastructure may also
provide wells and pipelines for a future lithium production operation, potentially reducing the
Company's future capital requirements. The Company's immediate goal is to demonstrate a
commercially viable chemical concentration process and believes this is a key driver to commercial
production of its Alberta Petro-Lithium brine resource. More information about E3 Metals can be
found on our website by visiting:
www.e3metalscorp.com
.
ON BEHALF OF THE BOARD OF DIRECTORS,
Chris Doornbos
, President & CEO
E3 METALS CORP.
Chris Doornbos
(P.Geo), CEO and Director of E3 Metals Corp., is a Qualified Person as defined by
NI 43-101 and has read and approved the technical information contained in this announcement.
1
E3 Metals has released information on three 43-101 Technical Reports totalling a resource of 6.7
Mt LCE. The Central Clearwater Resource Area (CCRA) Technical Report, identifying 1.9Mt LCE
(inferred), is dated effective
October 27, 2017
, and the North Rocky Resource Area (NRRA)
Technical Report was dated effective
October 27, 2017
, identifies 0.9Mt LCE (inferred). A third
report for the Exshaw West Resource Area (EWRA), identifies 3.9Mt LCE (inferred) and was filed
on
June 15
th
2018, effective
June 4
th
2018. All reports are available on SEDAR (
www.sedar.com
).
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.
This news release includes certain forward-looking statements concerning the potential of the
Company's projects to produce saleable lithium byproducts, including LCE, the future performance of
our business, its operations and its financial performance and condition, as well as management's
objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by
such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words
referring to future events and results. Forward-looking statements are based on the current opinions
and expectations of management. All forward-looking information is inherently uncertain and subject
to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral
exploration and development, fluctuating commodity prices, the effectiveness and feasibility of
emerging lithium extraction technologies which have not yet been tested or proven on a commercial
scale or on the Company's brine, competitive risks and the availability of financing, as described in
more detail in our recent securities filings available at
www.sedar.com
. Actual events or results may
differ materially from those projected in the forward-looking statements and we caution against
placing undue reliance thereon. We assume no obligation to revise or update these forward-looking
statements except as required by applicable law.
SOURCE
E3 Metals Corp.
View original content with multimedia:
http://www.newswire.ca/en/releases/archive/June2018/19/c2556.html
%SEDAR: 00011471E
For further information:
205 - 227 10th St NW, Calgary, AB T2N 1V5, +1 (877) 319-7634,
[email protected], e3metalscorp.com
CO: E3 Metals Corp.
CNW 09:36e 19-JUN-18