Results From Junior Miner in South America's Lithium Triangle Continue to Impress Industry

LOS ANGELES, May 31, 2018 /PRNewswire/ --

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New grades emerging from a junior miner in the province of Salta, Argentina at the northern end of the prolific Hombre Muerto Salar continue to exceed expectations for this lithium rich area.

Junior mining exploration company NRG Metals Inc. has come up on the radar for its growing interests in South America's prolific Lithium Triangle that encompasses Bolivia, Chile and Argentina. Results pouring in from the company are generating interest and focusing other lithium companies on further developments as the project emerges.

The area where NRG Metals Inc. (TSX:NGZ) (OTC:NRGMF) is operating has seen a swarm of company's looking to capitalize on the high grade lithium that is becoming the benchmark for the region. Both FMC's (NYSE:FMC) producing Fenix mine and Galaxy Resources' (OTC:GALXF) Sal de Vida development stage project are in close proximity to NRG Metal's project. Those are likely two of the highest profile projects in the triangle, alongside of Orocobre Ltd. (OTC:OROCF), a recognized lithium miner from Australia and its Salar de Olaroz in Jujuy Province.

This round of results, just published as assays from NRG Metals' current drilling program on the Hombre Muerto Norte project, include some truly outstanding results collected over the first 100 meters of the hole including average 905 mg/l lithium with a low Mg to Li ratio of 3.0 to 1.0.

In terms of lithium grades, these are significantly above expectations for this salar (brine type deposit) and most in the area. Industry experts say they are "exceptional results from the initial sampling…" and point out that the lithium grades and low Mg to Li ratios exceeded expectations.

Possibly the Best of the Bunch

The high grades and favorable Mg to Li ratios are an excellent mix in terms of lithium resources that are suitable for high tech applications. For this reason, these kinds of grades, if consistent, could have a very positive impact on the future value of NRG Metals' project and the interest being generated.

NRG Metals is moving quickly on this positive news. Drilling has advanced to a depth of 300.5 meters, and brine is present from the surface to the bottom of the hole. Drilling on the hole is currently being paused to collect brine samples from 300 to 100 meters. Once sampling of this interval has been completed, the company plans to resume drilling to confirm the comprehensive results.