Lithium Demand Showing no Signs of Slowing as Mining Efforts Increase - Seite 2

As reported in the LCOC Assessment Report, during the period of 1955-1956 underground development was established on the Irgon Dike to confirm both the mineralization at depth and the currently non-NI43-101 compliant ore reserves (1.2M tons @1.51% Li2O) calculated by LCOC from the historic drilling. This drifting was accessed via the vertical 3-compartment production shaft that was sunk to a depth of 241 feet by the Lithium Corporation of Canada. Off the 200-foot level of the shaft, 1,120 feet of drifting parallel to the dike was excavated with seven crosscuts (361 feet) cutting back through the Irgon Dike. During this development, the dike was channel sampled across these seven crosscuts with Li2O assays of the crosscut channel samples performed by the Department of Mines, Ottawa. Results of this sampling program are shown in Table 1 seen by clicking the link below. The underground workings are currently inaccessible as they are flooded and the shaft was capped by a cement slab in 1956. The LCOC's geologic map of the underground workings and accompanying assay results are posted on the QMC website (https://qmcminerals.com ).

See a table of Historic Results of LCOC's 1956 Underground Channel Sampling of the Irgon Dike on the 200 Foot Level Crosscuts and read more news for QMC Quantum Minerals at http://www.marketnewsupdates.com/news/qmc.html

In other Lithium mining industry news and developments:

Standard Lithium Ltd. (TSX-V:SLL.V) (OTCQX:STLHF) recently announced that Hasbrouck Geophysics Inc. has successfully completed a large-scale gravity geophysical survey at the Company`s Cadiz Dry Lake Project, in the Mojave area of California. The Cadiz Dry Lake Property is located approximately 20 km southeast of the Company`s Bristol Dry Lake Property and is currently permitted for brine extraction and processing activities. The work has defined an infilled basin with a maximum depth of just over 700 m beneath the Project area. Dr. Andy Robinson, COO and President of Standard Lithium commented: "The results from this high quality geophysical survey are very encouraging. This work has defined a closed basin with infill deposits that are known to host lithium brines, based on preliminary sampling of extraction wells operated by the permitted producer. Standard Lithium`s excellent relationship with the Project`s permitted operator will allow for further exploration of the deeper basin infill deposits under the existing permitted brine operations. This successful and rapid acquisition of high quality gravity survey data from our Cadiz Dry Lake Project will be used to plan additional resource assessment work at Cadiz for the remainder of 2018."