Alset Receives Drilling Permits for La Salada Lithium Project in Zacatecas, Mexico
Alset Receives Drilling Permits for La Salada Lithium Project in Zacatecas,
Mexico
March 23, 2017
Vancouver, British Columbia: Alset Energy Corp. (TSXV: ION) (“Alset” or “the Company”) is pleased to
announce that having completed an environmental report and an application for drilling, the Company
has received the necessary permits to commence drilling at its La Salada lithium project near Zacatecas,
Mexico. The Company is now in the process of securing drill crews and site personnel and is expecting to
commence drilling in early April.
In addition to the drilling, the Company will commence a shallow subsurface sampling program. These
efforts are designed to better understand the geochemistry and deportment of lithium in subsurface
soils and the depth and chemistry of potential brine of the La Salada salar.
Allan Barry Laboucan, President and CEO of Alset Energy said: “This work will form the first part of our
exploration program on the lithium salars near Zacatecas, Mexico. The La Salada salar has seen
significant historical work and our own chemical analysis and leaching tests are guiding our drilling and
sampling program. We are very excited about the ability to now generate our own samples to better
understand the lithium potential of the salar and to determine its depth extent. This drilling and
sampling program will give us new material for leaching tests and to help direct our future development
of this lithium and potassium bearing salar.”
Drilling and Sampling Program
Initially, two holes will be drilled to evaluate depth to bedrock and brine potential in the La Salada salar.
Material collected during drilling will be sampled and sent in for geochemical analysis to better
understand the vertical distribution of lithium and geochemical nature of the salar at depth.
Additionally, Alset will carry out a subsurface sampling program on a 100-meter grid across the entire
salar. The primary focus of this work is to enhance the Company’s understanding of the near surface
chemical composition of the salar infill material and most importantly, its lithium content. Furthermore,
Alset intends to resample some locations of the historical grid sampling carried out on the salar as a
means to validate historical results.
Suite 1400 – 1040 West Georgia Street
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Tel: 606-505-4753
www.alsetenergy.ca
TSX-V: ION
Alset is also planning to use material collected from the drilling and sampling programs for scoping
metallurgical testing to add confidence to previous leaching tests done with La Salada salar materials
(see Company news release dated: 2017-03-03).
The technical information contained in this news release has been reviewed and approved by Emily
Hanson, PGeo, who is a qualified person as defined under National Instrument 43-101.
About Alset Energy (ION.V)
Alset Energy is a TSX-V listed junior exploration company focused on exploring and acquiring mineral
properties containing the metals needed by today’s high-tech industries. The Company is actively
exploring in Mexico and Canada.
On behalf of the Board of Directors of Alset Energy Corp.,
"Allan Barry Laboucan"
Allan Barry Laboucan, President and CEO
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward -looking statements" within the meaning of
applicable securities legislation. Forward-looking statements relate to information that is based on
assumptions of management, forecasts of future results, and estimates of amounts not yet
determinable. Any statements that express predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance are not statements of historical fact and may be
"forward-looking statements."
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual
events or results to differ from those reflected in the forward-looking statements, including, without
limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable
terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with
mining and exploration; risks related to the maintenance of stock exchange listings; risks related to
environmental regulation and liability; the potential for delays in exploration or development activities or
the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to
the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to
the inherent uncertainty of production and cost estimates and the potential for unexpected costs and
expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration,
development or mining results will not be consistent with the Company's expectations; risks related to
gold price and other commodity price fluctuations; and other risks and uncertainties related to the
Company's prospects, properties and business detailed elsewhere in the Company’s disclosure record.
Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described in forward -looking statements.
Investors are cautioned against attributing undue certainty to forward -looking statements. These
forward looking statements are made as of the date hereof and the Company does not assume any
obligation to update or revise them to reflect new events or circumstances. Actual events or results could
differ materially from the Company’s expectations or projections
For further information contact Allan Barry Laboucan @:
Phone (604) 505-4753
www.alsetenergy.ca