They Must Know Something We Don’t: Magnesium Property Sold At 46 Times Market Value
Magnesium Demand Predicted to grow at 6 CAGR
There’s nothing quite like the feeling you get when you watch a market sector that you have invested in begin to wake up and shine. It now looks as if magnesium is becoming one such glowing market sector.
Earlier this month the Financial Post ran a story covering the proposed sale of a magnesium-rich property owned by West High Yield Resources (TSXV:WHY) near Trail, BC. WHY plans to sell to American-based Gryphon Enterprises for US$750 million, and the Post noted the sale price is 46 times the current market value. After the deal was announced, WHY shares soared 956 and closed on October 5, 2017 at $2.00. On October 6, IIROC ordered that trading in the stock be halted, pending the clarification of company affairs.
Most of us are familiar with Milk of Magnesia as the traditional go-to for upset stomachs and those delightful magnesium strips that burned so brightly in chemistry class. Some of us are aware that magnesium is a vital element in human biology; helping to regulate some 300 bodily functions.
Most of us are completely unaware of magnesium’s role in steel fabrication as an alloy or its use as a magnesium alloy steel, which is stronger and 33 lighter than aluminium. Few of us know about new magnesium products such as wall board, which is superior to drywall because it is smoke, fire, water, mold and termite proof.
Other new magnesium products include magnesium cement, which is much stronger than traditional cement, and can last for thousands of years.
The magnesium-ion batteries currently under development have 12 times the energy density of the lithium-ion batteries currently used to power electric vehicles.
Research house Technavio predicts that between 2016 and 2020, magnesium demand will rise by a compound annual growth rate of 6 , driven largely by its use in automotive die casting. Manufacturers are also replacing more and more component parts made from steel and aluminium, parts like steering wheels, seat frames and gearboxes, with lightweight magnesium alloy steel, in a bid to improve fuel efficiency.
Magnesium is also starting to be used in other industries as a lightweight, more durable replacement for steel and aluminium. The Nikon D800, for instance, is manufactured using magnesium alloy steel.
One of the interesting aspects of the Technavio report is that it doesn’t take into account the effect of new product developments (magnesium wallboard, magnesium ion batteries or magnesium cement) will have on global demand.
At the moment, China produces close to 75 of the world’s magnesium supply. That is about to change, and several magnesium plays are currently on the market.
If you are interested in investing in magnesium’s future but don’t know where to start, you probably couldn’t do better than to consider Equitorial Exploration, (TSXV:EXX, FSE:EE1).
Equitorial is in a position to provide investors with access to two emerging markets, lithium and magnesium. Better known as a junior miner with three 100 -owned high-potential lithium properties under development, Equitorial also provides investors with exposure to magnesium through its recent joint-venture with Mag One, (CSE:MDD, FSE:304, OCTQB:MGPRF).
Mag One is located in Danville, Quebec, where it has access to 50 million tonnes of magnesium mineralized serpentine tailings at 23 magnesium, for US$1.00 per tonne. Like other savvy miners, Mag One is providing added value by developing products based on the material it will be processing.
The company has developed proprietary extraction techniques for both lithium and magnesium. Mag One has four business segments: Magnesium-based building panels; high-purity magnesium oxide and magnesium hydroxide and silica, magnesium metal and magnesium air batteries.
One of the company’s goals is to develop the proprietary technology that would allow it to produce magnesium at cost points that equal the price of aluminium. This will open the door to a much greater demand for magnesium, because magnesium metal is 33 lighter than aluminium. By driving down prices, the company will be able to go further faster in terms of magnesium replacing aluminium in car manufacturing.
Equatorial Explorations has invested C$1 million in Mag One in exchange for the right to participate in two 50/50 joint ventures with Mag One. The first is to build a modular production facility for the extraction of lithium and related products; and the second is to fund a production facility to produce magnesium metal and products.
Investing in Equitorial Exploration now provides you with exposure to both magnesium and lithium, and a safety net. Lithium is now the rechargeable battery material of record. Magnesium has the potential to replace it. If magnesium doesn’t become the next battery material of choice, there is the safety net of knowing that magnesium demand is forecast to grow at 6 CAGR until 2020, and the added benefit to be reaped from introducing new innovative products to the market.
Now, if only we knew why Gryphon is going to pay 46 times the market value of the magnesium deposit it is buying from West Yield Resources. There has to be a very good reason.
By Noel Meyer
- Published in Blog, Equitorial Exploration
Equitorial Exploration Undertakes Core Resampling Program to Re-analyze Previous Lithium Results
Momentum Public Relations
Press Release: October 5, 2017
Vancouver, BC, Canada / TheNewswire / October 5, 2017 – Equitorial Exploration Corp. (TSX-V: EXX, Frankfurt: EE1, OTCQB: EQTXF) (“Equitorial” or “Company”) is pleased to report that it is resampling the 2007 diamond drill core from its 100 -owned Little Nahanni Pegmatite Group (LNPG) Lithium Property (NWT). Equitorial believes that intersections from the 2007 drill core contain significant previously unevaluated lithium potential. This program will re-examine and re-sample the existing drill core in order to better test the lithium potential of the dyke swarms and to further advance the understanding of the project.
Highlights
- – Previous property owner was exploring for tantalum and tin- Lithium results from holes MAC006 and MAC007 are believed to be understated
– Many of the samples exceeded the upper detection limit for lithium (1 ) and were not further analyzed
– This program will analyze the drill core using techniques suitable for >1 lithium
In 2007, five holes totaling 1,120 m were drilled on the Li Property by a previous owner while exploring for tantalum and tin. The most significant results from this work were obtained from holes MAC006 and MAC007 which were drilled from a single ridge-top setup and targeted the Great Wall of China swarm in the central part of the property. MAC006 intersected 0.92 Li2O over 18.27 m, while MAC007 intersected 1.20 Li2O over 10.94 m. Lithium results from these holes is believed to be understated as many of the samples included in these intervals exceeded the upper detection limit for lithium (1 ) and were not analyzed beyond this. The 2017 sampling will analyze the drill core using techniques suitable for >1 lithium.
Lithium-cesium-tantalum pegmatite dyke swarms on the property have been traced over a combined length of 13 km in mountainous terrain that is deeply incised by several east- or west-facing cirques. The vertical extent of these dykes has been traced for 300 m through natural exposure and diamond drilling along ridges in 2007. The dykes are well exposed on the cirque walls and strike northerly, with near vertical dips. Where sampled, each dyke swarm is up to 52.60 m wide and contains multiple dykes that range from 0.2 to 10 m in width.
The 2017 program will be managed by Archer, Cathro & Associates (1981) Limited (“Archer Cathro”).
Little Nahanni Pegmatite Group (LNPG) – Property Highlights
- – NI 43-101 (March 20, 2017) concludes that there are, “Sufficient grades to bring the rock to within economic values.”- Combined strike length: 13 km; Dyke swarms up to 500 m in width
– Assays with a peak value of 3.1 Li2O
– Property located in the Northwest Territories 37 kilometres northwest of the recently closed Cantung tungsten mine. A gated road extending northwest from Cantung passes within five kilometres of the LNPG property.
– Highlight rock samples from spodumene-bearing pegmatites on the property assayed 3.77 per cent, 3.55 per cent, 2.05 per cent, 1.79 per cent, 1.77 per cent and 1.74 per cent lithium oxide.
– Channel samples from LCT-type pegmatite boulders and outcrop on the lithium property have returned up to 1.59 per cent Li2O across 10 metres.
– Diamond drilling on the property in 2007 resulted in two significant lithium-enriched intervals including 1.2 per cent Li2O over 10.94 metres (MAC007) and 0.92 per cent Li2O over 18.27 metres (MAC 006).
For LNPG property map, please click: http://equitorialexploration.com/projects/
Comparative Lithium Properties
In past decades, most of the world’s supply of lithium has come from brine sources. In recent years, there has been an increase in demand for lithium, which has resulted in the production of lithium from spodumene (lithium silicate) deposits. A number of spodumene mines are operating or currently under development globally including Talison Lithium Ltd., Pilbara Minerals Ltd. and Altura Mining Ltd. in Western Australia, and Nemaska Lithium Ltd. in Quebec, Canada.
Talison Lithium’s Greenbushes operation has been producing lithium for over 25 years. It produces 315,000 tonnes per annum lithium concentrate. At Greenbushes, the pegmatite consists of a large main zone over three kilometres long and up to 300 metres wide with numerous smaller pegmatite dikes and pods flanking the main body. The Greenbushes pegmatites are mineralogically zoned in a lenticular interfingering style along strike and down dip. The lithium zone is over two kilometres long and enriched in spodumene, which often makes up 50 per cent of the rock (see Talison Lithium’s website).
Pilbara Minerals’ Pilgangoora project contains an indicated and inferred resource of 80.2 million tonnes grading 1.26 per cent Li2O (see Pilbara Minerals’ website).
Altura Mining is actively advancing its Pilgangoora lithium project, which has a JORC mineral resource estimate of 25.5 million tonnes grading 1.23 per cent Li2O. The production forecast is the third quarter of 2017 (see Altura Mining’s website). Nemaska Lithium, a Quebec-based lithium company listed on the Toronto Stock Exchange under NMX in Canada, is actively developing a spodumene hardrock lithium deposit at its Whabouchi property. Based on a 2014 mineral resource, the Whabouchi property hosts a measured and indicated resource of 27,991,000 tonnes at 1.57 per cent Li2O, plus an inferred resource of 4,686,000 tonnes at 1.51 per cent Li2O (Nemaska Lithium revised National Instrument 43-101 technical report dated June 8, 2016). Nemaska’s phase 1 plant will have an average combined capacity of 610 tonnes per annum (see Nemaska Lithium’s website).
In 2016, Strategic Metals completed a two-week program consisting of mapping, prospecting and channel sampling. The program was designed to evaluate grade, size and density of lithium-bearing pegmatite dikes within four of the dikes swarms comprising the LNPG complex. The 2016 field program was managed by Archer, Cathro & Associates(1981) Ltd.
About Equitorial Exploration Corp
Equitorial is aggressively developing three 100 -owned, high-potential, lithium projects in North America. The Little Nahanni Pegmatite Group (LNPG) is a 43-101 compliant, hard rock, lithium property in the NWT. The Tule and Gerlach Lithium Brine Projects are located in lithium-rich Utah and Nevada within easy reach of the Tesla Gigafactory #1.
All three projects have demonstrated highly encouraging grades and Equitorial intends to actively explore these Lithium opportunities in the coming season.
Technical information in this news release has been approved by Matthew Dumala, P.Eng., a geological engineer with Archer Cathro and a qualified person for the purpose of National Instrument 43-101.
For more information please visit: http://equitorialexploration.com/
On behalf of the Board of Directors
EQUITORIAL EXPLORATION CORP.
_____________________
Jack Bal, CEO and Director
For further information, please contact Jack Bal at 604-306-5285
FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Tule, Gerlach and Little Nahanni Pegmatite Project: statements pertaining to the ability of Equitorial Exploration Corp.(“EXX”); the potential to develop resources and then further develop reserves; the anticipated economic potential of the property; the availability of capital and finance for EXX to execute its strategy going forward. Forward-looking statements are based on estimates and assumptions made by EXX in light of its experience and perception of current and expected future developments, as well as other factors that EXX believes are appropriate in the circumstances. Many factors could cause EXX’s results, performance or achievements to differ materially from those expressed or implied by the forward looking statements, including: discrepancies between actual and estimated results from exploration and development and operating risks, dependence on early exploration stage concessions; uninsurable risks; competition; regulatory restrictions, including environmental regulatory restrictions and liability; currency fluctuations; defective title to mineral claims or property and dependence on key employees. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
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.
Copyright (c) 2017 TheNewswire – All rights reserved.
- Published in Equitorial Exploration, Mining, News Home
Equitorial Exploration Acquires 100 Interest in Little Nahanni Pegmatite Group (LNPG)
Momentum Public Relations
Press Release: August 24, 2017
Vancouver, BC, Canada / TheNewswire / August 24, 2017 – Equitorial Exploration Corp. (TSX-V: EXX, Frankfurt: EE1, OTCQB: EQTXF) (“Equitorial” or “Company”) is pleased to report that the Company has completed the purchase from Strategic Metals Ltd. (Strategic) of a 100-per-cent interest of a lithium property, which hosts the Little Nahanni Pegmatite Group (LNPG) lithium-cesium-tantalum (LCT) pegmatite containing dikes that have been traced for over 13 kilometres.
A drill program on the LNPG property will commence in the first week of September.
Terms of Purchase and Sale
As total consideration of the purchase and sale, Equitorial agreed to issue to Strategic five million common shares of Equitorial on the closing date (disclosed in press release 2016-8-24), pay $100,000 toward expenditures required for the 2016 work program on the property and grant a 2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} net smelter return royalty to Strategic. Equitorial will have the right to buy down half of the NSR (equal to 1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the NSR) in consideration for $2 million.
Equitorial has now issued to Strategic the final 2.5 million common shares of Equitorial and 2.5 million common share purchase warrants of Equitorial, with each warrant entitling Strategic to purchase one common share of Equitorial at a price of $0.10 per share for a period of 24 months from the date of issue of the warrants.
CEO Jack Bal, comments
“Our upcoming drill program will follow up on the encouraging conclusions of the LNPG 43-101 technical report and the promising results from previous drill programs.”
Little Nahanni Pegmatite Group (LNPG) – Property Highlights
-NI 43-101 (March 20, 2017) concludes that there are, “Sufficient grades to bring the rock to within economic values.”
-Combined strike length: 13 km; Dyke swarms up to 500 m in width
-Assays with a peak value of 3.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Li2O
-Property located in the Northwest Territories 37 kilometres northwest of the recently closed Cantung tungsten mine. A gated road extending northwest from Cantung passes within five kilometres of the LNPG property.
-Highlight rock samples from spodumene-bearing pegmatites on the property assayed 3.77 per cent, 3.55 per cent, 2.05 per cent, 1.79 per cent, 1.77 per cent and 1.74 per cent lithium oxide.
-Channel samples from LCT-type pegmatite boulders and outcrop on the lithium property have returned up to 1.59 per cent Li2O across 10 metres.
-Diamond drilling on the property in 2007 resulted in two significant lithium-enriched intervals including 1.2 per cent Li2O over 10.94 metres (MAC007) and 0.92 per cent Li2O over 18.27 metres (MAC 006).
For LNPG property map, please click: http://equitorialexploration.com/projects/
Comparisons
In past decades, most of the world’s supply of lithium has come from brine sources. In recent years, there has been an increase in demand for lithium, which has resulted in the production of lithium from spodumene (lithium silicate) deposits. A number of spodumene mines are operating or currently under development globally including Talison Lithium Ltd., Pilbara Minerals Ltd. and Altura Mining Ltd. in Western Australia, and Nemaska Lithium Ltd. in Quebec, Canada.
Talison Lithium’s Greenbushes operation has been producing lithium for over 25 years. It produces 315,000 tonnes per annum lithium concentrate. At Greenbushes, the pegmatite consists of a large main zone over three kilometres long and up to 300 metres wide with numerous smaller pegmatite dikes and pods flanking the main body. The Greenbushes pegmatites are mineralogically zoned in a lenticular interfingering style along strike and down dip. The lithium zone is over two kilometres long and enriched in spodumene, which often makes up 50 per cent of the rock (see Talison Lithium’s website).
Pilbara Minerals’ Pilgangoora project contains an indicated and inferred resource of 80.2 million tonnes grading 1.26 per cent Li2O (see Pilbara Minerals’ website).
Altura Mining is actively advancing its Pilgangoora lithium project, which has a JORC mineral resource estimate of 25.5 million tonnes grading 1.23 per cent Li2O. The production forecast is the third quarter of 2017 (see Altura Mining’s website). Nemaska Lithium, a Quebec-based lithium company listed on the Toronto Stock Exchange under NMX in Canada, is actively developing a spodumene hardrock lithium deposit at its Whabouchi property. Based on a 2014 mineral resource, the Whabouchi property hosts a measured and indicated resource of 27,991,000 tonnes at 1.57 per cent Li2O, plus an inferred resource of 4,686,000 tonnes at 1.51 per cent Li2O (Nemaska Lithium revised National Instrument 43-101 technical report dated June 8, 2016). Nemaska’s phase 1 plant will have an average combined capacity of 610 tonnes per annum (see Nemaska Lithium’s website).
In 2016, Strategic Metals completed a two-week program consisting of mapping, prospecting and channel sampling. The program was designed to evaluate grade, size and density of lithium-bearing pegmatite dikes within four of the dikes swarms comprising the LNPG complex. The 2016 field program was managed by Archer, Cathro & Associates(1981) Ltd.
About Equitorial Exploration Corp
Equitorial is aggressively developing three 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}-owned, high-potential, lithium projects in North America. The Little Nahanni Pegmatite Group (LNPG) is a 43-101 compliant, hard rock, lithium property in the NWT. The Tule and Gerlach Lithium Brine Projects are located in lithium-rich Utah and Nevada within easy reach of the Tesla Gigafactory #1.
All three projects have demonstrated highly encouraging grades and Equitorial intends to actively explore these Lithium opportunities in the coming season.
Technical information in this news release has been approved by Matthew Dumala, P.Eng., a geological engineer with Archer Cathro and a qualified person for the purpose of National Instrument 43-101.
For more information please visit: http://www.equitorial.ca
On behalf of the Board of Directors
EQUITORIAL EXPLORATION CORP.
_____________________
Jack Bal, CEO and Director
For further information, please contact Jack Bal at 604-306-5285
FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Tule, Gerlach and Little Nahanni Pegmatite Project: statements pertaining to the ability of Equitorial Exploration Corp.(“EXX”); the potential to develop resources and then further develop reserves; the anticipated economic potential of the property; the availability of capital and finance for EXX to execute its strategy going forward. Forward-looking statements are based on estimates and assumptions made by EXX in light of its experience and perception of current and expected future developments, as well as other factors that EXX believes are appropriate in the circumstances. Many factors could cause EXX’s results, performance or achievements to differ materially from those expressed or implied by the forward looking statements, including: discrepancies between actual and estimated results from exploration and development and operating risks, dependence on early exploration stage concessions; uninsurable risks; competition; regulatory restrictions, including environmental regulatory restrictions and liability; currency fluctuations; defective title to mineral claims or property and dependence on key employees. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
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.
Copyright (c) 2017 TheNewswire – All rights reserved.
- Published in Equitorial Exploration, Mining, News Home
Equitorial Exploration Now Trading on the OTCQB
Momentum Public Relations
Press Release: July 31, 2017
Vancouver, BC, Canada / TheNewswire / July 31, 2017 – Equitorial Exploration Corp. (TSX-V: EXX, Frankfurt: EE1, OTCQB: EQTXF) (“Equitorial” or “Company”) is pleased to report that the shares of the Company are now listed for trading in the United States on the OTCQB Exchange under the trading symbol EQTXF.
Electronic Settlement in the USA via DTC
In addition, the Company will be making its common shares eligible for book-entry delivery and depository services of The Depository Trust Company (the “DTC”) to facilitate electronic settlement of transfers of its common shares in the United States. DTC Eligibility means that a public company’s securities can be deposited through DTC. DTC serves as the centralized clearinghouse for more than 50 exchanges and equity trading platforms in the U.S., maintaining multiple data and operating centers worldwide and providing strong business continuity and around-the-clock support. Their depository provides custody and asset servicing for securities issued from 131 countries.
About Equitorial Exploration Corp
Equitorial is aggressively developing three 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}-owned, high-potential, lithium projects in North America. The Little Nahanni Pegmatite Group (LNPG) is a 43-101 compliant, hard rock, lithium property in the NWT. The Tule and Gerlach Lithium Brine Projects are located in lithium-rich Utah and Nevada within easy reach of the Tesla Gigafactory #1.
All three projects have demonstrated highly encouraging grades and Equitorial intends to actively explore these Lithium opportunities in the coming season.
For more information please visit: http://www.equitorial.ca
On behalf of the Board of Directors
EQUITORIAL EXPLORATION CORP.
_____________________
Jack Bal, CEO and Director
For further information, please contact Jack Bal at 604-306-5285
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.
Copyright (c) 2017 TheNewswire – All rights reserved.
- Published in Equitorial Exploration, Mining, News Home
Equitorial Exploration Receives Drill Permit for its LNPG Lithium Property in NWT
Momentum Public Relations
Press Release: June 28, 2017
Vancouver, BC, Canada / TheNewswire / June 28, 2017 – Equitorial Exploration Corp. (TSX-V: EXX, Frankfurt: EE1, OTCQB: EQTXF) (“Equitorial” or “Company”) Equitorial Exploration Corp. (“Equitorial”) is pleased to report that it has received a land use permit for its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}-owned Little Nahanni Pegmatite Group (LNPG) Lithium Property in the Northwest Territories. The permit is valid for 5 years and allows Equitorial to conduct diamond drilling from a camp located on the property. The work program is scheduled to begin in mid-late July, 2017.
CEO, Jack Bal comments,
“Our LNPG property is worthy of serious attention. The LNPG NI 43-101 released March, 2017 concludes that there are ‘sufficient grades to bring the rock to within economic values’. The focus of our summer drill program is to further expand the economic potential of this significant Li property.”
Little Nahanni Pegmatite Group (LNPG) Project Highlights Please see Property Location Map below
-Contains a system of Lithium-Caesium-Tantalum-type (LCT) pegmatite dykes
-13km strike length deeply incised by several east- or west-facing cirques
-“Sufficient grades to bring the rock to within economic values.” (NI 43-101 March, 2017)
-Dyke continuity over a vertical range of 300+ meters demonstrated by natural exposure and past drilling. Each “swarm” of dykes is up to 300 m thick. The dykes are well exposed on the cirque walls and strike northerly, with near vertical dips
-Where sampled, each dyke swarm is up to 52.60 m wide and contains multiple dykes that range from 0.2 to 10 m in width. Reliable channel sampling performed in 2016
-Careful measurement of dyke width and host rock intervals have enabled bulk samples to be calculated
-“Results such as 10.35 m at 1.13{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Li2O, 71.1 g/t Ta2O5 and SnO2 are highly encouraging.” (NI 43-101 March, 2017)
Drill Program Summer 2017
The work program is scheduled for mid-late July and will include diamond drilling, channel sampling, resampling of 2007 drill core, and geological mapping and prospecting. Diamond drilling will target the pegmatite dyke swarms near the cirque floors in order to extend the vertical extent of these dykes. The 2017 field program on the Li Property will be managed by Archer, Cathro & Associates (1981) Limited (“Archer Cathro”).
About Equitorial Exploration Corp
Equitorial is aggressively developing three 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}-owned, high-potential, lithium projects in North America. The Little Nahanni Pegmatite Group (LNPG) is a 43-101 compliant, hard rock, lithium property in the NWT. The Tule and Gerlach Lithium Brine Projects are located in lithium-rich Utah and Nevada within easy reach of the Tesla Gigafactory #1.
Technical information in this news release has been approved by Matthew R. Dumala, P.Eng., a geological engineer with Archer Cathro and a qualified person for the purpose of National Instrument 43-101.
For more information please visit: http://www.equitorial.ca
EQUITORIAL EXPLORATION CORP.
_____________________
Jack Bal, CEO and Director
For further information, please contact Jack Bal at 604-306-5285
FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Tule, Gerlach and Little Nahanni Pegmatite Project: statements pertaining to the ability of Equitorial Exploration Corp.(“EXX”); the potential to develop resources and then further develop reserves; the anticipated economic potential of the property; the availability of capital and finance for EXX to execute its strategy going forward. Forward-looking statements are based on estimates and assumptions made by EXX in light of its experience and perception of current and expected future developments, as well as other factors that EXX believes are appropriate in the circumstances. Many factors could cause EXX’s results, performance or achievements to differ materially from those expressed or implied by the forward looking statements, including: discrepancies between actual and estimated results from exploration and development and operating risks, dependence on early exploration stage concessions; uninsurable risks; competition; regulatory restrictions, including environmental regulatory restrictions and liability; currency fluctuations; defective title to mineral claims or property and dependence on key employees. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
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.
Copyright (c) 2017 TheNewswire – All rights reserved.
- Published in Equitorial Exploration, Mining, News Home
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