Organimax Announces Its Maiden Resource Estimate, Zacatecas and San Luis Potosi States, Mexico
ORGANIMAX NUTIRENT CORP
1400 – 1040 WEST GEORGIA STREET
VANCOUVER, BC V6E 4H1
ORGANIMAX ANNOUNCES ITS MAIDEN RESOURCE ESTIMATE, ZACATECAS
AND SAN LUIS POTOSI STATES, MEXICO
December 16, 2019
Vancouver, British Columbia: OrganiMax Nutrient Corp. (TSX-V: KMAX) (“OrganiMax”
or “the Company”) is pleased to announce its maiden independent Mineral Resource estimates
for its 3 principal potassium-lithium salar deposits located within its claims in Zacatecas and San
Luis Potosi States, Mexico. SRK Consulting (UK) Limited (SRK) has produced the Mineral
Resource estimates for the La Salada, Santa Clara and Caliguey salar sediment deposits.
See project location: https://organimax.com/wp-content/uploads/2018/11/website_zac-
projectlocations_r1.jpg and https://organimax.com/wp-content/uploads/2018/09/
website_infrastructure_legend.jpg
HIGHLIGHTS INCLUDE:
•120 million tonnes (Mt) of Inferred Mineral Resources grading 4.6% potassium (K) and
380 ppm lithium (Li);
•a continuous high-lithium portion of La Salada salar containing 7 Mt grading 1,490 ppm
•a contained 12.3 million tonnes (Mt) of Sulfate of Potash (SOP) and 243,000 tonnes of lithium
carbonate equivalent (LCE);
•Sampling is restricted to 5 metre depths in most areas therefore there is good exploration
potential to increase the Mineral Resource at depth and also extending the sampling to the edge
of the salar basins where sampling has not taken place;
•Geophysical surveys completed suggest there is potential for additional similar layers of
potassium or lithium enriched material to be found under the current pitting/drilling.
There is significant upside potential to expand the Mineral Resource at depth; Santa Clara and
Caliguey have been sampled, and therefore modelled, to only 5 metres depth, with La Salada to
approximately 25 metres. The deeper material at La Salada (up to 51 metres to date) is generally
potassium rich but is not included in the resource estimate. The basement has not been defined
at any of the salars and the surface extent of the salar basins have not been completely sampled.
Brandon Rook, Director and CEO of the company states, “We are encouraged and pleased with
the first pass results at the project. The exploration potential of the project remains significant
due to what remains open to be tested. We have completed a major milestone for the company
and we are now in a position to move the project forward with a strategic joint venture partner.”
Future work programs will include a program of geophysics to establish basin depth profiles
followed by a deep drilling program and more detailed metallurgical test work with the goals of
extending the current sediment mineralization at depth, testing for deeper brine resources and
building confidence in the economics of extraction.
See corporate presentation: https://organimax.com/wp-content/uploads/2019/12/organimax-
corporate-presentation-dec19.pdf
The detailed Mineral Resource statement for the three OrganiMax salars estimated by SRK is
given in the table below:
La Salada Mineral Resource Statement
*Notes:
1.Mr. Martin Pittuck, CEng, MIMMM, FGS, is responsible for this Mineral Resource statement and is an
"independent qualified person" as such term is defined in NI 43-101.
2.Mineral Resource is reported above breakeven value of USD 37/t; calculated using potassium and lithium
grades, recoveries, operating costs and selling prices on a block-by-block basis.
3.Mineral Resource is considered to have reasonable prospects for eventual economic extraction by open pit
surface mining.
4.Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
5.The statement uses the terminology, definitions and guidelines given in the CIM Standards on Mineral
Resources and Mineral Reserves (May 2014) as required by NI 43-101.
6.Effective date of 17 December 2018.
7.MRE is reported on 100% basis.
8.Tonnes are reported in metric units.
Salar Mineral Resource
Category
Tonnes
(Mt)
K
(%)
Li
(ppm)
La Salada
Inferred
20 4.1 880
Santa Clara 85 4.8 264
Caliguey 15 4.3 373
Total 120 4.6 380
Domain Tonnes
(Mt)
K
(%)
Li
(ppm)
Potassium 11 5.3 518
High-Lithium 7 2.5 1,488
Low-Lithium 2 2.3 782
Total 20 4.1 880
The NI 43-101 technical report will be filed on SEDAR within 45 days.
Mr Martin Pittuck, CEng, FGS, MIMMM, of SRK is the Qualified Person as defined by National
Instrument 43-101 and has approved the technical information in this release.
About OrganiMax Nutrient Corp. (KMAX.V)
OrganiMax Nutrient Corp is an exploration company focused on advancing its 100%-owned
potassium and lithium bearing salar complex of mineral concessions located in the Central
Mexican Plateau in the states of Zacatecas, San Luis Potosi and Coahuila, Mexico. The
Company has previously identified both potassium and lithium in both the salar sediments and
near-surface brines. Recent geophysical work has indicated that the depths of the salar basins are
much greater than previously thought, making the salars highly prospective for large brine
aquifers to be discovered at depth. The Company is targeting Sulfate of Potash (SOP) as its
primary product along with associated by-products Lithium Carbonate (LCE) and boron for both
the domestic and international markets. SOP is a premium specialty fertilizer that is used in the
production of high-value chloride sensitive crops such as fruits, vegetables, and nuts.
On behalf of the Board of Directors of OrganiMax Nutrient Corp.,
“Brandon Rook”
Brandon Rook, Chief Executive Officer.
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.”
For further information please contact us:
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