SOURCE: Neo Lithium Corp.
September 28, 2016 13:58 ET
TORONTO, ON--(Marketwired - September 28, 2016) -
NOT FOR DISSEMINATION IN THE US OR THROUGH US NEWSWIRE SERVICES
Neo Lithium Corp. ("Neo Lithium" or the "Company") (TSX VENTURE: NLC) is pleased to announce that the Company was awarded "Best Latin American Exploration Mining Company of the Year" for 2016, by the Mining Journal Outstanding Achievement Awards at the Mines and Money Americas Conference.
"We are honored to be the recipient of this award, which is a testament to the hard work and dedication of our team to accomplish a lot in a very short period of time," noted Constantine Karayannopoulos, Chairman of Neo Lithium Corp. "We are very excited with the progress we are making and look forward to sharing our success with the market in the coming months."
About Neo Lithium Corp.
Neo Lithium Corp is quickly becoming the most prominent new name in lithium brine exploration by virtue of its quality team and project. Already well capitalized, Neo Lithium is rapidly advancing its newly discovered 3Q Project -- a unique high-grade lithium brine reservoir and salar complex in the Lithium Triangle.
The 3Q project is located in the Province of Catamarca, the largest lithium producer in Argentina. The project covers approximately 35,000 hectares and the salar complex within this area is approximately 160 km2. Recent exploration results indicate a high grade lithium target in the northern portion of the salar complex extending for approximately 14x3 km with the combined lowest magnesium and sulphate impurities in the industry. Low impurities are a key factor in traditional low cost evaporation techniques for final lithium production. Hot springs on the property with elevated lithium content are part of the recharge system of the salar complex. The technical team that recently discovered this unique salar complex is one of the most experienced in the modern era in lithium salars, having discovered and lead the technical work, including resource definition and full feasibility study that established the Cauchari lithium salar as the third largest lithium brine resource in the world.
Additional information regarding Neo Lithium Corp., its business activities is available on SEDAR at www.sedar.com under the Company's profile.
Waldo Perez, Ph.D, P.Geo., the CEO and President of Neo Lithium Corp. is the Qualified Person who approved the scientific and technical disclosure in the news release.
Neither TSX Venture Exchange 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. The TSX Venture Exchange Inc. has in no way approved nor disapproved the contents of this press release.
Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company. Readers are cautioned that the assumptions used in the preparation of such information, 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.