Commencement of metallurgical testing on LNPG Property.
Commencement of metallurgical testing on LNPG Property.
July 24, 2019 – Vancouver, British Columbia – Equitorial Exploration Corp. (“Equitorial” or the
“Company”) is pleased to announce the commencement of a metallurgical bench test program
using material from it’s LNPG property in the NWT. The Little Nahanni Pegmatite Group Property
(LNPG) is a 100% owned Rare Element Lithium-Cesium-Tantalum, LCT pegmatite complex similar
in geology to the Greenbushes Pegmatite LCT deposits in Australia. The LNPG property is located
in the Northwest Territories 37 kilometres northwest of the recently closed Cantung tungsten
mine. A gated road extending northwest from Cantung passes within five kilometres of the LNPG
property.
The company’s NI 43-101 ( March 20, 2017 ) concludes that there are, “Sufficient grades to bring
the rock to within economic values.” The combined strike length is 13km and the dyke swarms
up to 500 meters. Peak assay values from drill core returned up to 3.1% Li20.
The metallurgical test program will include scoping level testwork to evaluate processing options
for the LNPG property. Testwork will be conducted by SGS Canada and managed by Archer,
Cathro & Associates (1981) Limited. Phase 1 of the testwork program will include quantitative
mineralogy, magnetic separation and flotation testing to produce a high-grade lithium
concentrate. If results of the phase 1 work are promising, phase 2 testwork will proceed, including
roasting, leaching and hydrometallurgical purification targeting production of battery-grade
lithium carbonate.
Technical information in this news release has been approved by Matthew R. Dumala, P.Eng., a
geological engineer with Archer Cathro and a qualified person for the purpose of National
Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS OF
EQUITORIAL EXPLORATION CORP.
”Patrick Power”
Patrick Power, President & CEO
+1 (604) 218-8772
FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements
within the meaning of Canadian securities laws, including statements regarding the Little Nahanni
Pegmatite Projects statements pertaining to the ability of Equitorial Exploration Corp.(“EXX”); the
potential to develop resources and then further develop reserves; the anticipated economic potential of the
property; the availability of capital and finance for EXX to execute its strategy going forward. Forward -
looking statements are based on estimat es and assumptions made by EXX in light of its experience and
perception of current and expected future developments, as well as other factors that EXX believes are
appropriate in the circumstances. Many factors could cause EXX’s results, performance or ac hievements
to differ materially from those expressed or implied by the forward looking statements, including:
discrepancies between actual and estimated results from exploration and development and operating risks,
dependence on early exploration stage concessions; uninsurable risks; competition; regulatory restrictions,
including environmental regulatory restrictions and liability; currency fluctuations; defective title to
mineral claims or property and dependence on key employees. Forward -looking statements are based on
the expectations and opinions of the Company’s management on the date the statements are made. The
assumptions used in the preparation of such statements, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward -
looking statements. The Company expressly disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release