Metron Capital Corp.
Thursday, May 03, 2018 - 7:00 PM EDT

Metron Completes Phase 1 Exploration Work at South Big Smoky Brine Lithium Project in Nevada, USA



Vancouver, British Columbia (FSCwire) - Metron Capital Corp. (TSX-V: MCN) (the “Company) is pleased to announce that it has completed the Phase I exploration work at its South Big Smoky Valley Brine Lithium Project located in Esmeralda County, Nevada, USA (the “South Big Smoky Property” or “the Property”). The exploration work was in line with recommended Phase 1 exploration program of technical report submitted on the Property and its purpose was to understand the distribution pattern of lithium and potassium in shallow subsurface sediments and groundwater. A total of ten soil/sediment samples and three monitoring well groundwater samples were collected from the northern block of the Property. The field work for this program was conducted from March 24th to March 28th, 2018.

 

Highlights of these results include (see Tables 1 and 2 below for details):

 

Soil / Sediment Sampling

 

  • Lithium values are in the range of 25 milligram per kilogram (mg/Kg or ppm) to 84 mg/Kg with average and median values of 66.36 mg/Kg and 73.0 mg/Kg respectively;

 

  • Boron ranges from 51 ppm to 660 ppm, averages 335 ppm with median value of 350 ppm;

 

  • The Potassium values range from 3,300 ppm to 8,700 ppm, average and median values are 7,027 ppm and of 7600 respectively; and,

 

  • The Magnesium values ranges from 4,600 ppm to 13,000 ppm, average and median values of 10,445 and 11,000 ppm respectively.

 

Groundwater Sampling

 

  • Lithium values are 330 parts per billion (ppb) to 350 ppb, boron 6.6 ppm to 7 ppm, potassium 21 ppm to 23 ppm, and magnesium less than 0.5 ppm to 1.1 ppm.

 

Quality Assurance / Quality Control (QA/QC)

 

One field duplicate soil and one water sample was collected as part of QA/QC program. Soil / sediment sample locations were dug from shovel and axe to the depths ranging from 20 cm to 32 cm. The coordinates of sample locations were entered in the Garmin 60CSx GPS to locate each site which has an accuracy of ± 3m.

 

Three water samples were collected, at water table, 200 feet, and 400 feet below surface, from an existing monitoring well drilled in 2016 (BSH16-01) located at 4204676E and 438968N (UTM NAD83 datum). Disposable HydraSleeve used for water sampling were lowered to the desired depth for approximately 24 hours before retrieving for sampling. The water samples were filled in the lab supplied plastic bottles, and nitric acid was added to these samples for minimizing metal cation precipitation and adsorption onto the sample. Physical water quality parameters were measured in the field including pH, conductivity, TDS (total dissolved solids), temperature and ORP (oxidation-reduction potential) (see Table 2 below). These measurements were taken from the handheld Ultrameter Models 6PSI & 4P instrument which is suitable for taking field measurements with small quantity of water. The monitoring well was decommissioned after sampling as required by the State of Nevada permitting.

 

The samples were filled in jars and bottles supplied by the WETLAB (Western Environmental Testing Laboratory) at Sparks, Nevada. These jars were numbered, properly sealed and shipped to WETLAB at Sparks, Nevada.

 

The samples for this study were assayed by Western Environmental Testing Laboratory in Sparks, Nevada, which is an independent US EPA accredited laboratory. The samples were analyzed for lithium, potassium, boron, and magnesium using Standard Methods for the Examination of Water and Wastewater, online edition, Methods for Determination of Organic Compounds in Drinking Water, EPA-600/4-79-020, and Test Methods for Evaluation of Solid Waste, Physical/Chemical Methods (SW846), Third Edition.

 

The technical information contained in this news release has been reviewed and approved by Afzaal Pirzada, P.Geo., a Qualified Person as defined by National Instrument 43-101. Mr. Pirzada is a member of Engineers and Geoscientists of British Columbia (License # 28657) and works as a consultant with the Company.

 

About Metron Capital Corp. 

 

Metron Capital Corp. is a Canadian-based issuer listed on the Toronto Stock Exchange (TSX-V: MCN).  It is currently engaged in the business of mineral exploration and holds a right to acquire a 100% interest, subject to certain royalties, in and to the South Big Smoky Valley Brine Lithium Property located in Esmeralda County, Nevada, USA, approximately 25 miles (40 kilometres) from Tonopah Station. Each claim is approximately 20 acres with a total property area of 2000 acre.  The Property is located about 20 km to the north of Albemarle Corp.’s Silver Peak mine (previously Chemetall), which has been producing lithium from brines since 1966. The Company's objective is to explore and, if warranted, develop the South Big Smoky Valley Brine Lithium Property.

 

ON BEHALF OF THE BOARD OF

METRON CAPITAL CORP.

 

Signed "Gurminder Sangha"

Gurminder Sangha

President & Chief Executive Officer

 

For further information, please contact the Company at: (604) 375-6005

 

Neither the Toronto Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.

 

Forward-looking Information 

 

This news release may contain forward-looking information (as such term is defined under Canadian securities laws). While such forward-looking information is expressed by the Company in good faith and believed by the Company to have a reasonable basis, they address future events and conditions and are, therefore, subject to inherent risks and uncertainties.  The Company expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

 

Table 1: Soil / Sediment Sample Description and Assay Results

Sample ID

Sample-Date

Depth  (cm)

Coordinate NAD 83

Elevation

(m)

Description

Assay

Easting

Northing

Li

(ppm)

K

(ppm)

Mg

(ppm)

B

(ppm)

MBS18-01-S

25/03/

2018

0-28

439193

4205226

1437

Brownish gray, Silty Clay, mixed with volcanic ash, plastic, slightly damp.

70

7100

11000

330

MBS18-02-S

25/03/

2018

0-27

440295

4205244

1436

Brown, Silty Clay, mixed with some volcanic ash, slightly moist, surface covered with salt.

76

8000

12000

660

MBS18-03-S

26/03/

2018

0-22

440792

4205237

1445

Light Brown, Fine Sand mixed with Silt and Clay, soft, slightly moist, vesicular structure, occasional roots, ground covered with grit.

25

3300

4600

51

MBS18-04-S

26/03/

2018

0-32

441178

4205324

1446

Brown to Dark yellow, Clay mixed with Sand and grit, very moist, medium stiff.

56

5800

8500

400

MBS18-05-S

27/03/

2018

0-25

440761

4205625

1440

Brown, Silty Clay mixed with volcanic ash, some fine sand, soft, moderately moist, vesicular texture.

73

7600

11000

250

MBS18-06-S

26/03/

2018

0-27

439788

4205632

1443

Brownish gray, Silty Clay mixed with volcanic ash, abundant vesicles, slightly moist, medium stiff.

84

8000

12000

420

MBS18-07-S

26/03/

2018

0-20

439265

4205649

1443

Brown, Silty Clay mixed with fine sand and volcanic ash, vesicular structure, slightly damp, medium stiff, salt on the ground.Duplicate MBS18-11-S

74

8200

12000

370

MBS18-08-S

27/03/

2018

0-20

438774

4205603

1441

Brownish gray, Silty Clay mixed with volcanic ash, soft, slightly damp.

58

6700

10000

180

MBS18-09-S

26/03/

2018

0-28

439757

4204835

1441

Yellowish Brown, Silty Clay, mixed with volcanic ash, slightly damp, medium stiff, vesicular structure.

58

5800

8800

280

MBS18-10-S

 

26/03/

2018

0-20

438750

4204955

1440

Yellow brown, Clay mixed with silt,  medium-stiff, slightly damp

79

8100

12000

350

MBS18-11-S

 

 

 

 

 

Duplicate of MBS18-07-S

77

8700

13000

390

 

Table 2: Water Samples Field Measurements and Assay Results

Table-2: Water Sample Field Measurements and Assay Results (2018- Sampling).

 

Sample ID

Depth

(ft & m)

Date

Assay

Field Measurements

Li

(ppm)

K

(ppm)

Mg

(ppm)

B

(ppm)

Temperature

Conductivity

µs

PH

 

TDS

(ppm)

ORP

 

BSH16-01-18-Surface

29 cm above ground

25/03/

2018

0.33

21

<0.50

7

20.7

3105

8.0

2348

234

BSH16-01-18-200W

200ft (60.96m)

26/03/

2018

0.32

21

1.0

6.9

19.1

3105

7.98

2346

222

BSH16-01-18-400W

400ft (121.92m)

26/03/

2018

0.35

23

1.1

6.6

20.6

3100

8.04

2345

214

BSH16-01-18-W

 

26/03/

2018

0.29

20

0.59

6.0

Duplicate of BSH16-01-18-400W

Note: Field measurements were taken on March 27,2018 because instrument arrived on that date. The samples were in Plastic bottles.







Source: Metron Capital Corp. (TSX Venture:MCN)

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