Metal Energy Supports Highly Concentrated Lithium Brine Potential at its SourceRock Project
Metal Energy Supports Highly Concentrated
Lithium Brine Potential at its SourceRock
Project
Toronto, Ontario--(Newsfile Corp. - July 12, 2023) - Metal Energy Corp. (TSXV: MERG) (OTCQB:
MEEEF) (the "
Company
" or "
Metal Energy
") is pleased to provide further evidence supporting lithium
("
Li
") brine prospectivity at the SourceRock project ("
SourceRock
" or the "
Project
"), Thunder Bay-
Nipigon area of northwestern Ontario (
Figure 1
).
"We have ample scientific documentation supporting our thesis of highly concentrated lithium brines at
SourceRock. The Sibley Basin sedimentary brine source rocks exhibit deep geological characteristics
and boast elevated total dissolved solids (TDS) levels. Higher TDS concentrations are typically
associated with increased lithium content. We know the presence of super saline brines within the
Project and our objective is to confirm their lithium content. With drill permits in hand we are excited to
progress SourceRock towards its planned 'proof-of-concept' drill program," said James Sykes, CEO of
Metal Energy.
Please watch this video for new details indicating SourceRock's supersaturated saline solution and
increased TDS meet the criteria for increased Lithium concentration potential within brines.
SourceRock Lithium Brine Project: Ontario's First Lithium Brine Project - Chemical Analysis
and Interpretations
Cannot view this video?
Visit:
https://www.youtube.com/watch?v=fXJxSvzLT-Q
For the latest videos from Metal Energy and other Ore Group companies, subscribe to our YouTube
channel:
youtube.com/@theoregroup
SourceRock is a drill-ready project with an exploration permit already in-hand from the Ontario Ministry of
Mines for up to 20 drill pads.
Initial geophysical data compilation has already identified saline brine drill
targets on the Project.
The Company is currently engaged with local Indigenous groups, communities,
and stakeholders, and anticipates a drill program to commence after sufficient and meaningful
consultation has been completed.
SourceRock Exploration Plans
SourceRock is a drill-ready project with an exploration permit already in-hand from the Ontario Ministry of
Mines for up to 20 drill pads.
Initial geophysical data compilation has already identified saline brine drill
targets on the Project.
The Company is currently engaged with local Indigenous groups, communities,
and stakeholders, and anticipates a drill program to commence after sufficient and meaningful
consultation has been completed.
About the SourceRock Li Brine Project
SourceRock is exceptionally large, covering 913 square kilometres (91,288 hectares) encompassing
approximately 10 to 20 km wide by 95 km long 91,288 hectares within the Proterozoic Sibley
sedimentary basin, Thunder Bay-Nipigon area, Ontario. The Project has excellent access to
infrastructure and capacity that has supported previous exploration programs and mine development,
including year-round highway, railroad, and seaport access, with power and natural gas lines crossing
SourceRock.
About Metal Energy Corp.
Metal Energy is a nickel and battery metal exploration company with three projects in politically stable
Canadian jurisdictions; Manibridge (Ni-Cu-Co-PGE) in Manitoba, and SourceRock (Li-Na-K) and
Strange (Ni-Cu-Co-PGE) in Ontario. The Manibridge Project is 85% owned by Metal Energy and 15%
owned by Mistango River Resources Inc. (CSE: MIS). Both SourceRock and Strange Projects are
subject to earn-in agreements where the Company can acquire 100% exploration rights to each project.
QP Statement
The technical information contained in this news release has been reviewed and approved by Charles
Beaudry, P.Geo., Director for Metal Energy, and a Qualified Person as defined in "National Instrument
43-101, Standards of Disclosure for Mineral Projects."
For further information, please contact:
Metal Energy Corp.
MERG on the TSXV
www.metalenergy.ca
James Sykes, CEO
306-221-8717
Reader Advisory
Certain information set forth in this news release contains forward-looking statements or information
("
forward-looking statements
"), including details about the business of the Company. By their
nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are
beyond the Company's control, including the impact of general economic conditions, industry
conditions, volatility of commodity prices, currency fluctuations, environmental risks, operational risks,
competition from other industry participants, stock market volatility. Although the Company believes
that the expectations in its forward-looking statements are reasonable, its forward-looking statements
have been based on factors and assumptions concerning future events which may prove to be
inaccurate. Those factors and assumptions are based upon currently available information. Such
statements are subject to known and unknown risks, uncertainties and other factors that could
influence actual results or events and cause actual results or events to differ materially from those
stated, anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned
not to place undue reliance on the forward-looking statements, as no assurance can be provided as to
future results, levels of activity or achievements. Risks, uncertainties, material assumptions and other
factors that could affect actual results are discussed in our public disclosure documents available at
www.sedar.com
including the Filing Statement dated November 15, 2021. Furthermore, the forward-
looking statements contained in this document are made as of the date of this document and, except
as required by applicable law, the Company does not undertake any obligation to publicly update or to
revise any of the included forward-looking statements, whether as a result of new information, future
events or otherwise. The forward-looking statements contained in this document are expressly
qualified by this cautionary statement.
Neither the TSX Venture Exchange Inc. 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.
Figure 1 - SourceRock Li Brine Project Location in the Thunder Bay-Nipigon area of
northwestern Ontario
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7926/173213_7d89927124935b75_005full.jpg
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/173213