Pr
Lancaster
Resources
Receives
BLM
Drilling
Approval
for
Alkali
Flat
Lithium
Brine
Project
Vancouver,
British
Columbia
–
May
15,
2024:
Lancaster
Resources
Inc.
(CSE:LCR)
(OTCQB:LANRF)
(FRA:6UF)
(“
Lancaster
”)
announces
that
the
United
States
Department
of
the
Interior
Bureau
of
Land
Management
(“
BLM
”)
has
provided
Lancaster
with
approval
for
the
Plan
of
Operations
regarding
the
Alkali
Flat
Lithium
Brine
Phase
1
drill
program.
This
follows
permit
approval
granted
by
the
New
Mexico
Mining
and
Minerals
Division
(“
MMD
”),
as
announced
on
April
30,
2024.
"The
BLM
approval
of
our
Plan
of
Operations
application
is
further
proof
of
Lancasters’
vision
of
providing
sustainable
and
minimal
impact
critical
minerals
for
the
energy
transition,”
says
Andrew
Watson,
Lancaster's
VP
Engineering
&
Operations.
"We
are
rapidly
progressing
to
drilling
our
maiden
exploration
well
at
Alkali
Flat
and
showing
the
significant
potential
lithium
brine
deposit
in
the
subsurface
aquifers
identified
by
our
2023
geophysics
program."
Pursuant
to
BLM
regulations
43
CFR
3715,
the
Plan
of
Operations
submitted
to
the
BLM
in
September
2023
has
been
formally
approved.
This
approval
includes
the
potential
to
drill
up
to
three
wells
on
the
playa
allowing
for
an
expedited
regulatory
process
pending
results
of
the
maiden
well
in
Q2
2024.
In
addition
to
the
approval
are
conditions
for
access,
safety,
and
protecting
the
environment
that
the
BLM
and
Lancaster
have
worked
very
closely
on.
Lancaster
intends
to
meet
or
exceed
all
requirements
to
ensure
the
safety
and
protection
of
the
environment
and
all
stakeholders.
As
previously
released,
Lancaster
must
submit
a
financial
assurance
instrument,
such
as
a
letter
of
credit,
for
USD
$63,783
to
be
jointly
held
by
the
BLM
and
MMD.
Once
the
financial
assurance
is
received
and
approval
from
the
New
Mexico
Office
of
the
State
Engineer
is
received,
Lancaster
will
be
able
to
access
and
drill
on
the
playa.
The
Alkali
Flat
Lithium
Project
targets
a
closed-basin
brine
deposit
in
a
playa
lake
setting.
The
project
is
conveniently
situated
next
to
a
major
rail
line
and
interstate
highway,
providing
excellent
access.
The
Drill
Permit
area
lies
about
8
miles
north
of
the
renowned
15MW
Lightning
Dock
Known
Geothermal
Resource
Area
(KGRA).
Closed
basin
brine
deposits
contain
an
estimated
58%
of
the
world’s
lithium
resources.
The
only
location
of
lithium
production
currently
active
in
the
United
States
is
the
brine
operation
at
Clayton
Valley,
Nevada.
Qualified
Person
Andrew
Watson,
P.Eng.,
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.
Mr.
Watson
is
the
VP,
Engineering
and
Operations
for
Lancaster.
About
Lancaster
Resources
Inc.
Lancaster
Resources
(CSE:LCR
|
OTCQB:LANRF
|
FRA:6UF0)
is
engaged
in
exploring
lithium,
and
other
critical
minerals.
Its
Alkali
Flat
Lithium
Project,
in
Lordsburg,
New
Mexico,
USA,
spans
~5,200
acres
and
comprises
260
mineral
placer
claims
which
cover
the
heart
of
the
Alkali
Flats
playa
near
Lordsburg,
Mexico
where
Lancaster
is
exploring
a
below-surface
lithium
brine
target.
Lancaster’s
goal
at
Alkali
Flat
is
to
produce
Net-Zero
Lithium
through
the
use
of
direct
lithium
extraction
(DLE)
technology
and
solar
power.
Lancaster
is
also
collaborating
to
deploy
advanced
satellite
hyperspectral
acquisition,
geospatial
data
aggregation,
and
AI-driven
predictive
modelling
services
exploration.
Lancaster’s
project
portfolio
includes
100%
ownership
of
the
Piney
Lake
Gold
Property
in
Saskatchewan
and
rights
to
acquire
the
Trans-Taiga
Lithium
Property
located
within
the
James
Bay
lithium
district
of
Quebec.
Lancaster
also
holds
a
100
percent
interest
in
the
Catley
Lake
and
Centennial
East
Uranium
projects
in
the
Athabasca
basin
in
Saskatchewan,
Canada.
It
also
has
a
minority
interest
in
Nelson
Lake
Copper
Corp.,
an
unlisted
reporting
issuer
which
owns
100
percent
of
the
Nelson
Lake
Copper
Project
in
Saskatchewan,
Canada.
Guiding
Lancaster's
journey
is
a
skilled
management
and
technical
team
with
collective
involvement
in
over
40
mineral
discoveries
and
endowed
with
extensive
experience
in
the
creation
of
lithium
brine
targets
and
the
exploration
and
development
of
exploration
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
not
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,
ability
to
enter
into
a
long
form
agreement
for
the
acquisition
of
the
Trans
Taiga
Lithium
Propety,
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.