LithiumBank Completes Bulk Brine Sampling Program at Park Place Lithium Brine Project, Alberta, Canada
LithiumBank Resources Corp. (TSXV: LBNK) (OTCQX: LBNKF) has completed a bulk brine sampling program at its Park Place Lithium Brine Project in Alberta, Canada. The program collected 148 cubic meters of lithium-rich brine from an active gas producing well, with samples averaging 83.8 mg/L lithium. This aligns with previous results reported in January 2023.
The company plans to process the brine through its 10,000 l/day Direct Lithium Extraction (DLE) pilot plant in Calgary, aiming to demonstrate the commerciality and effectiveness of its licensed DLE technology at a large scale. The Park Place Project is part of North America's largest NI 43-101 inferred lithium brine resource.
LithiumBank's CEO, Rob Shewchuk, stated that this milestone further adds value and de-risks the Park Place Project. The company expects to process the Park Place bulk brine sample in 2024, following the initiation of DLE pilot test work with brine from its Boardwalk Lithium Brine Project.
LithiumBank Resources Corp. (TSXV: LBNK) (OTCQX: LBNKF) ha completato un programma di campionamento di brine in bulk presso il suo Progetto di Brine di Litio Park Place in Alberta, Canada. Il programma ha raccolto 148 metri cubi di brine ricca di litio da un pozzo di gas attivo, con campioni che hanno una media di 83,8 mg/L di litio. Questo è in linea con i risultati precedentemente riportati a gennaio 2023.
La società prevede di elaborare la brine attraverso il suo impianto pilota di Estrazione Diretta di Litio (DLE) da 10.000 l/giorno a Calgary, con l'obiettivo di dimostrare la commerciabilità e l'efficacia della sua tecnologia DLE licenziata su larga scala. Il Progetto Park Place è parte della più grande riserva di brine di litio inferita NI 43-101 del Nord America.
Il CEO di LithiumBank, Rob Shewchuk, ha dichiarato che questo traguardo aggiunge ulteriore valore e riduce i rischi del Progetto Park Place. La società prevede di elaborare il campione di brine bulk del Park Place nel 2024, dopo l'inizio dei lavori di prova pilota DLE con la brine proveniente dal suo Progetto di Brine di Litio Boardwalk.
LithiumBank Resources Corp. (TSXV: LBNK) (OTCQX: LBNKF) ha completado un programa de muestreo de salmuera a granel en su Proyecto de Salmuera de Litio Park Place en Alberta, Canadá. El programa recolectó 148 metros cúbicos de salmuera rica en litio de un pozo de gas en producción, con muestras que promedian 83.8 mg/L de litio. Esto se alinea con los resultados previos reportados en enero de 2023.
La empresa planea procesar la salmuera a través de su planta piloto de Extracción Directa de Litio (DLE) de 10,000 l/día en Calgary, con el objetivo de demostrar la comercialidad y efectividad de su tecnología DLE licenciada a gran escala. El Proyecto Park Place es parte de la mayor reserva de salmuera de litio inferida NI 43-101 de América del Norte.
El CEO de LithiumBank, Rob Shewchuk, declaró que este hito añade más valor y reduce riesgos al Proyecto Park Place. La empresa espera procesar la muestra de salmuera a granel del Park Place en 2024, tras la iniciación del trabajo de prueba piloto DLE con salmuera de su Proyecto de Salmuera de Litio Boardwalk.
LithiumBank Resources Corp. (TSXV: LBNK) (OTCQX: LBNKF)는 캐나다 앨버타의 Park Place 리튬 브라인 프로젝트에서 대량 브라인 샘플링 프로그램을 완료했습니다. 이 프로그램은 활성 가스 생산 우물에서 148세제곱미터의 리튬 풍부한 브라인을 수집했으며, 샘플의 평균 리튬 농도는 83.8 mg/L입니다. 이는 2023년 1월에 보고된 이전 결과와 일치합니다.
회사는 캘거리에서 10,000 l/일의 직접 리튬 추출(DLE) 파일럿 플랜트를 통해 브라인을 처리할 계획이며, 이를 통해 라이센스 된 DLE 기술의 상업성과 효과성을 대규모로 입증하는 것을 목표로 하고 있습니다. Park Place 프로젝트는 북미 최대 NI 43-101 추정 리튬 브라인 자원의 일부입니다.
LithiumBank의 CEO인 Rob Shewchuk은 이 이정표가 Park Place 프로젝트의 가치를 더하고 위험을 줄여준다고 밝혔습니다. 회사는 Boardwalk 리튬 브라인 프로젝트에서 나온 브라인으로 DLE 파일럿 테스트를 시작한 후 2024년에 Park Place 대량 브라인 샘플을 처리할 것으로 예상합니다.
LithiumBank Resources Corp. (TSXV: LBNK) (OTCQX: LBNKF) a achevé un programme d'échantillonnage de saumure en vrac sur son Projet de Saumure de Lithium Park Place en Alberta, Canada. Le programme a collecté 148 mètres cubes de saumure riche en lithium à partir d'un puits de gaz actif, avec des échantillons ayant une moyenne de 83,8 mg/L de lithium. Cela est en accord avec les résultats précédemment rapportés en janvier 2023.
L'entreprise prévoit de traiter la saumure dans sa plante pilote d'Extraction Directe de Lithium (DLE) de 10 000 l/jour à Calgary, visant à démontrer la viabilité commerciale et l'efficacité de sa technologie DLE sous licence à grande échelle. Le Projet Park Place fait partie de la plus grande ressource de saumure de lithium inférée NI 43-101 en Amérique du Nord.
Le PDG de LithiumBank, Rob Shewchuk, a affirmé que cette étape supplémentaire accroît la valeur et réduit les risques du Projet Park Place. L'entreprise prévoit de traiter l'échantillon de saumure en vrac de Park Place en 2024, après le lancement des travaux de test pilote DLE avec la saumure provenant de son Projet de Saumure de Lithium Boardwalk.
LithiumBank Resources Corp. (TSXV: LBNK) (OTCQX: LBNKF) hat ein Programm zur Probennahme von Großsalzlösungen in seinem Park Place Lithium-Salzlösung-Projekt in Alberta, Kanada, abgeschlossen. Das Programm sammelte 148 Kubikmeter lithiumhaltige Salzlösung aus einem aktiven Gasproduktionsbrunnen, wobei die Proben einen Durchschnitt von 83,8 mg/L Lithium aufwiesen. Dies stimmt mit den zuvor im Januar 2023 berichteten Ergebnissen überein.
Das Unternehmen plant, die Salzlösung über seine 10.000 l/Tag Direct Lithium Extraction (DLE) Pilotanlage in Calgary zu verarbeiten, um die Wirtschaftlichkeit und Effektivität seiner lizenzierten DLE-Technologie im großen Maßstab zu demonstrieren. Das Park Place-Projekt ist Teil der größten NI 43-101 geschätzten Lithium-Salzlösung-Reserven in Nordamerika.
Der CEO von LithiumBank, Rob Shewchuk, erklärte, dass dieser Meilenstein den Wert des Park Place-Projekts weiter erhöht und das Risiko senkt. Das Unternehmen erwartet, dass es die Park Place Großsalzlösung Probe im Jahr 2024 verarbeiten wird, nachdem die DLE-Pilotprobenarbeiten mit Salzlösung aus seinem Boardwalk-Lithium-Salzlösung-Projekt begonnen haben.
- Successful completion of bulk brine sampling program, collecting 148 cubic meters of lithium-rich brine
- Average lithium concentration of 83.8 mg/L in brine samples, consistent with previous results
- Park Place Project is part of North America's largest NI 43-101 inferred lithium brine resource
- Company has a 10,000 l/day Direct Lithium Extraction pilot plant operational in Calgary
- None.
Calgary, Alberta--(Newsfile Corp. - September 4, 2024) - LithiumBank Resources Corp. (TSXV: LBNK) (OTCQX: LBNKF) ("LithiumBank'' or the "Company") is pleased to announce the completion of an initial bulk brine sampling program at Park Place located in west-central Alberta, Canada. The bulk brine sampling program successfully collected 148 cubic meters (m3) of lithium-rich brine from an active gas producing well within the upper 72 m interval of the Leduc Formation from the vertical well 100/12-03-059-23W5/00 (Figure 1). Analysis of the brine samples taken across the 72 m interval ranged from 75.0 - 90.9 mg/L lithium with an average of 83.8 mg/L lithium (Table 1). This is within the range of samples collected and first reported on January 17, 2023.
"LithiumBank continues to achieve critical milestones of the Company's development roadmap that further add value and de-risk the Park Place Project," commented Rob Shewchuk, CEO of LithiumBank. "The bulk brine sample, collected within North America's largest NI 43-101 inferred lithium brine resource, will be processed through the 10,000 l/day Direct Lithium Extraction ("DLE") pilot plant in our Calgary facility where the Company intends to prove the commerciality and effectiveness of our licensed DLE at a large scale."
Table 1: Park Place assay results from well 100/12-03-059-23W5/00
| Well ID | Sample Date | Sample ID | Lithium (mg/L) |
| 100/12-03-059-23W5/00 | 04-Jul-24 | LB - PP - 12 -03 - preAMGAS -01 | 83.0 |
| 100/12-03-059-23W5/00 | 04-Jul-24 | LB - PP - 12 -03 - preAMGAS -02 | 90.9 |
| 100/12-03-059-23W5/00 | 04-Jul-24 | LB - PP - 12 -03 - preAMGAS -03 | 88.1 |
| 100/12-03-059-23W5/00 | 04-Jul-24 | LB - PP - 12 -03 - preAMGAS -04 | 87.5 |
| 100/12-03-059-23W5/00 | 04-Jul-24 | LB - PP - 12 -03 - preAMGAS -05 | 75.0 |
| 100/12-03-059-23W5/00 | 04-Jul-24 | LB - PP - 12 -03 - preAMGAS -06 | 76.0 |
| 100/12-03-059-23W5/00 | 04-Jul-24 | LB - PP - 12 -03 - POSTAMGAS -06 | 86.2 |
| Average lithium grade of well | 83.8 |
The LithiumBank DLE pilot facility in Calgary was inaugurated on July 10, 2024 and has since initiated DLE pilot test work with lithium-rich brine from our flagship Boardwalk Lithium Brine Project, located ~50 kilometres north of Park Place. The Company expects to process this Park Place bulk brine sample in 2024.
While in the field the Company adhered to strict Quality Control and Quality Assurance ("QA/QC") protocols. Smaller, one litre, brine samples (6 litres in total) were collected at different locations of the collection stream including before and after oil, gas, and brine separation, before and after brine de-gassing. The sampling was overseen by Mr. Maurice Shevalier, P.Chem, of Matrix Solutions Inc., a Qualified Person ("QP") under National Instrument ("NI") 43-101 regulations. The Company delivered the 1L brine samples to AGAT Laboratories and to Bureau Veritas in Calgary Alberta. The batch of samples included duplicates, blanks, and control samples with known chemistry.
The field bulk sampling program was completed on July 4, 2024 and included collecting 148 m3 of brine from the top 72m of the Leduc formation. The brine passed through an industry standard triple phase separation of oil, gas, and brine from the well as the well is an active gas producer. The brine was then de-gassed using a mechanical separations method, provided by AMGAS. The brine was then transported and stored in Calgary Alberta where LithiumBank has its DLE facility.
Figure 1: Park Place map showing location of bulk brine sample well and NI 43-101 resource estimate area (AOI) entitled: LithiumBank Resources Corp. Park Place NI 43-101 Technical Report, effectively dated June 24, 2024 and authored by the following Qualified Persons: D. Roy Eccles M.Sc., P. Geol., Alexander Haluszka, M.Sc., P.Geo., Maurice Shevalier, M.Sc., P.Chem..
To view an enhanced version of this graphic, please visit:
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Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no guarantee that all or any part of the mineral resource will ever be upgraded to a higher category. The estimate of mineral resources may be materially affected by geology, environment, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
Qualified Person
The information that forms the basis for the scientific and technical information disclosed in this news release was prepared and approved by Kevin Piepgrass, P.Geo, who is a Qualified Person (QP) for the purposes of National Instrument 43-101. Mr Kevin Piepgrass consents and approves of the inclusion of the data in the form and context in which it appears.
About LithiumBank Resources Corp.
LithiumBank Resources Corp. (TSXV: LBNK) (OTCQX: LBNKF), is a publicly traded lithium company that is focused on developing and de-risking the largest portfolio of lithium brine assets in North America. The Company has completed a NI 43-101 Preliminary Economic Assessment ("PEA") at Boardwalk (Jan. 16, 2024), an initial NI 43-101 Resource Estimate at Park Place (June 24, 2024) which are both located in west central Alberta. The Company is currently conducting large scale pilot testing of a licensed Direct Lithium Extraction ("DLE") technology at the Company's facility in Calgary (July 10, 2024). The DLE technology process being piloted is currently being used at a commercial scale for use in other metals. The Company owns
Contact:
Rob Shewchuk CEO & Director
rob@lithiumbank.ca
(778) 987-9767
Neither the 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.
Cautionary Statement Regarding Forward-Looking Statements
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including without limitation, the Company adding value and de-risking its Park Place Project, the processing of the bulk brine sample through the DLE pilot plant and the expected timing thereof, and the Company proving the commerciality and effectiveness of the Company's licensed DLE at a large scale, are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should" or "would" or occur.
Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including that the Company will be able to add value and de-risk its Park Place Project, that the bulk brine sample will be processed through the DLE pilot plant on the timeline indicated, and that the Company will be able to prove the commerciality and effectiveness of the Company's licensed DLE at a large scale.
These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important risks that may cause actual results to vary, include, without limitation, the risk that the Company will be unable to add value and de-risk its Park Place Project, the risk that the bulk brine sample will not be processed through the DLE pilot plant on the timeline indicated, and the risk that the Company will be unable to prove the commerciality and effectiveness of the Company's licensed DLE at a large scale.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.
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FAQ
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