LICO ENERGY METALS COM NPV (OTCMKTS:WCTXF) reported no change and closed at $0.0820, with the total traded volume of 9,500.00 shares. During last trade its minimum price was $0.08 and it gained its highest price of $0.08 and has a total of 106.68 million outstanding shares.
LICO ENERGY METALS COM NPV (OTCMKTS:WCTXF) on September 12, 2017 announced that it is planning to start a Phase 1 diamond drilling on its Teledyne and Glencore Bucke cobalt properties situated in Bucke Township, 6 km east-northeast of Cobalt, Ontario. A minimum 1,500 m diamond drill program is planned to commence approximately on September 21st, 2017, by a reputable diamond drill contractor.
In 1981, Teledyne Canada Ltd. leased the Glencore Bucke Property from Falconbridge Nickel Mines Ltd. as they recognized the exploration potential that the Property had due the possible southern extension of the #3 vein located on the Cobalt Contact Property to the north. In the same year, Teledyne completed 36 diamond drill holes totaling 3,323.3 m, and delineated two zones of mineralization measure approximately 150 m and 70 m in length. The most significant results include 2.12% Co over 1.01 m in diamond drill hole T-18, 0.62% Co over 2.74 m in diamond drill hole T-23, 0.66% Co over 0.73 m, 1.68% Co over 0.46 m in diamond drill hole T-30, and 0.36% Co, 41 oz/t Ag over 0.58 m in diamond drill hole T-37 (Bresee, 1982). The historical reported intersections represent core lengths, and not true widths.
Initially, on the Glencore Bucke Property, the first few holes of the program will be oriented to confirm results from historical drilling completed by Teledyne Canada Ltd., and then followed by step out drill holes to expand the mineralized zones.
LIBERTY ONE LITHIU COM NPV (OTCMKTS:LRTTF) reported the surge of +3.01%, after closing price for the day was $0.528. Its total trading volume for the day was 481,572.00 shares, versus its average volume of 552,628.00 shares. Its earnings per share are -$0.05.
LIBERTY ONE LITHIU COM NPV (OTCMKTS:LRTTF) on August 17, 2017 announced tremendous results from its geophysical survey at its Pocitos West property in Argentina. The Company has detected a probable brine horizon extending throughout the entire 29 km length of Liberty’s mining property, suggesting the potential for lithium to exist beneath much of the Company’s 160 km2 licensed area. The survey also indicates that the depth of the conductive horizon is as much as 150 meters thick in a number of target locations.
The Company, through its operating partner Millennial Lithium Corp. (“Millennial”) ( TSX VENTURE : ML ) ( FRANKFURT : A3N2 ) ( OTCQB : MLNLF ), conducted a Vertical Electrical Soundings (“VES”) survey which detects variations in subsurface conductivity. As brine is highly conductive, it was the key subsurface target. Measurements collected at 11 stations along the 29 kilometer north-south extent of the tenements, based on comparative results with local and similar rock types bearing brines, indicates the possibility of a continuous, buried conductive horizon, contiguous with the salar lake beds. Thus, the entire 160 km2 of the property appears to contain subsurface brine, which suggests the potential for lithium mineralization throughout the property.
MILLENNIAL LITHIUM COM NPV (OTCMKTS:MLNLF) showing jumped of +6.79% and closed at $1.24, after gaining total volume of 72,380.00 shares. Its earnings per share (EPS) is -$0.37 and has total market capitalization of $51.28 million and a total of 44.29 million outstanding shares.
MILLENNIAL LITHIUM COM NPV (OTCMKTS:MLNLF) on September 1, 2017 provide an update on the progress of the REMSA award of properties at Pastos Grandes. In the Company’s news release dated August 24, 2017 the Company announced that it had been awarded, by REMSA (the Salta Province, Argentina provincial energy and mining company) certain exploration and development rights to properties (the “REMSA Properties”) contiguous to the Company’s Pastos Grandes Project.
The Company is continuing to work with REMSA towards executing the final agreement on the REMSA properties according to the process described in the August 24, 2017 news release for doing so. The final decision of REMSA concluding the tender process and awarding 2,492 hectares of claims to Millennial, allowed for an appeal process. The losing party of the tender, which opposes the acquisition by the Company of the REMSA Properties (and which was a competing bidder for the REMSA Properties) first filed an administrative appeal which was rejected, confirming the awarding of the Properties to Millennial. Following this, on August 29, 2017, the same party filed at a judicial instance for a protective action against the award of the REMSA Properties to the Company and a precautionary measure (the Appeal), this has temporarily suspended the signing of the final agreement with REMSA until a final judgment is passed as res judicata.