Bearing Lithium Corp Provides Maricunga Project Update

MT Newswires · 09/30/2021 02:04

02:02 PM EDT, 09/29/2021 (MT Newswires) -- Bearing Lithium Corp. (BRZ.V) is unchanged after it provided a Maricunga project update.

Highlights

Updated Measured and Indicated resource for the Maricunga Stage One Lithium Brine Project in Chile confirmed a 90% increase, compared with the 2019 Definitive Feasibility Study.

Measured and Indicated (M&I) resource is now estimated as 1.9 million tonnes of Lithium Carbonate Equivalent (LCE) for the Stage One (Old Code) mining properties at an average grade of 953 mg/l lithium.

This increase in M+I Resources is in addition to the M+I Resources (2018) of 979,000 tonnes LCE in the Litio 1-6 (New Code) concessions to a depth of 200 m.

The Maricunga resource remains open at depth, with a new exploration target for further resource expansion between 400m-550m in the Stage One concessions.

Bearing Lithium said the latest drilling for the resource increase on the Stage One mining concessions at Maricunga has been completed, with the five exploration core holes each reaching target depth of 400m

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