Equitorial Exploration Files 43-101 on its LNPG Lithium Property In NWT
Vancouver, March 17, 2017 - Equitorial Exploration Corp. (TSX-V: EXX, Frankfurt: EE1) ("Equitorial" or "Company") is pleased to announce the filings of an NI 43-101 technical report for its 100%-owned LNPG Lithium property in the Northwest Territories. "The 43-101 technical report concludes that, 'results such as 10.35m at 1.13% Li2O, 71.1 g/t Ta2O5 and SnO2 are highly encouraging'. This confirms our view that LNPG is an extremely significant, high potential lithium play," comments CEO Jack Bal.
About the LNPG Property
The property lies 30 km northwest of the Cantung Mine Site, immediately east of the Yukon Territory border. 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 in 2007. The dykes are well exposed on 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.
In 2016, Equitorial collected 81 channel samples along cliff faces from parts of dyke swarms comprising the Prison Wall, Berlin Wall, Great Wall of China and Hadrian's Wall (see news release dated September 6, 2016). Highlights from this sampling program include:
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-1.57 % Li2O, 250.3 g/t Ta2O5, 0.95% SnO2 across 1.70 m
-2.04% Li2O, 57.8 g/t Ta2O5, 0.05% SnO2 across 4.00 m
-3.10% Li2O, 53.6 g/t Ta2O5, 0.03% SnO2 across 0.95 m
-2.33% Li2O, 59.0 g/t Ta2O5, 0.05% SnO2 across 1.20 m
-1.67% Li2O, 41.4 g/t Ta2O5, 0.03% SnO2 across 3.75 m
-1.83% Li2O, 67.3 g/t Ta2O5, 0.05% SnO2 across 1.25 m
-1.63% Li2O, 52.9 g/t Ta2O5, 0.01% SnO2 across 5.15 m
In 2017, Equitorial is anticipating a field program at LNPG to resample the 2007 drill core, diamond drilling, channel sampling, geological mapping and prospecting.
The Technical Report titled "Geology and Summary Report of the Little Nahanni Pegmatite Prospect" was prepared by Timothy Liverton, Phd, C.Geol, FGS, an independent qualified person as defined by National Instrument 43-101. The report has been filed on SEDAR and can be viewed at www.sedar.com under the Equitorial Exploration Corp. profile.
The 2016 field program on the Li property was managed by Archer, Cathro & Associates (1981) Limited (Archer Cathro). 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.
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 Lithium Brine Project and the Gerlach Lithium Brine Project are located in lithium-rich Utah and Nevada within easy reach of the Tesla Gigafactory #1.
All three projects demonstrate highly encouraging grades and Equitorial will actively explore these Lithium opportunities.
For more information please visit: http://www.equitorial.ca
On behalf of the Board of Directors
Equitorial Exploration Corp.
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Jack Bal, CEO and Director
For further information, please contact Jack Bal at 604-306-5285.
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