Blue Eagle Lithium Inc. Announces Results of the Most Recent Comprehensive Soil Sampling and Water Analysis at its Railroad Valley Prospect in Nevada
HENDERSON, Nev., April 01, 2019 (GLOBE NEWSWIRE) -- Blue Eagle Lithium Inc. (OTCQB: BEAG) ("Blue Eagle" or the "Company") announced it has received the analysis results from the detailed surface soil and water sampling programs that complement the initial encouraging baseline survey.
Sixty-five sets of surface samples and 10 water samples were collected in late 2018 and all have been professionally analysed for 48 elements by ALS Global Geochemistry in Reno, (Further to the initial 12 results published September 25, 2018). These results show a range of positive Lithium (Li) concentrations, many in excess of 100 ppm, in the surface deposits with a strong positive correlation between Lithium and Magnesium (Mg) presence and an inverse correlation between Lithium and Barium (Ba) presence.
These correlation sets will be tested against subsurface brine samples to potentially establish predictive tools applicable to identifying additional high potential Lithium production acreage.
The full results table and comparison charts can be found and viewed in its entirety on the Blue Eagle website here: www.blueeaglelithium.com/projects (right of the page).
The Company is now making plans to mobilize field operations teams and borehole equipment for deployment in Q2 & Q3 2019. The borehole program will target near surface brines for chemical analysis and resource, volumetric estimation. The boreholes will be evaluated using surface and electric logging techniques focused on obtaining uncontaminated Lithium-rich brine samples.
In parallel, the Company is moving forward in the construction of a technical database incorporating publicly available data with a view to identifying deeper potential Lithium brine reservoirs. These will need to be explored in the future with a deeper well program.
“It’s great to see the borehole project team moving forward with timeline and permissions planning to execute an environmentally low impact deployment that maximizes data acquisition focused on quantifying the Railroad Valley potential, Every step we take is a strategic one and will help us identify the most promising locations,” said COO Rod Murray.
About Blue Eagle Lithium Inc.
Blue Eagle is a lithium exploration company engaged in identifying, evaluating, and developing early-stage lithium exploration opportunities in North America. The Company's initial property is located in Railroad Valley, Nevada, a highly prospective green-fields Petro-Lithium brine target area that features many similarities to the nearby Clayton Valley and which the company believes warrants an extensive exploration program. The company has a 100% Working Interest in 200 placer claims. The staked claims cover 4,000 acres (~1,619 hectares) and 200 placer claims.
Blue Eagle Lithium is a publicly traded (OTCQB: BEAG) Blue Eagle’s team comprises experienced leaders that represent more than 60 years of industry experience in the energy, financial, and geology fields.
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This news release may contain "forward-looking" statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ from those in the forward looking-statements. Potential risks and uncertainties include such factors as uncertainty of consumer demand for the Company's products, as well as additional risks and uncertainties that are identified and described in the Company's SEC reports. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.
Released April 1, 2019