Blue Eagle Lithium Inc. Continues 2018 Fieldwork Program At Its Railroad Valley Acreage And Provides Updates For 2019 Work Programs
Further soil, rock and water samples collected for testing during November site visit.
HENDERSON, Nev., Dec. 03, 2018 (GLOBE NEWSWIRE) -- Blue Eagle Lithium Inc. (OTCQB: BEAG) ("Blue Eagle" or the "Company") is pleased to announce it has undertaken further comprehensive surface soil and water sampling programs to complement the initial encouraging baseline survey acquired in Q3 2018. The company, during its most recent site visit this month collected a further 54 soil samples, 10 rock samples and 8 water samples from hot springs located within the property. (All samples have been packaged and are being shipped for analysis).
The company has now fully initiated its recommended work program following the receipt of the positive NI 43-101 report from Tekhne Research, issued October 2018. Phase 1 is the collation of relevant available data in both Railroad Valley and Clayton Valley to build a proprietary database with associated exclusive GIS/3D maps and subsequent interpretation.
In order to facilitate the database build, Blue Eagle Lithium has engaged Geologix Technologies of Houston as its strategic technology partner. Geologix Technologies is a cutting edge global company experienced in the digitization of Well and Seismic Data and the construction of technical/corporate databases.
In early November, Company management visited the Railroad Valley property to observe the on-going field operations. Importantly, the team has identified a number of existing access routes used during previous historic Oil and Gas operations that can be reused to minimise the environmental impact during the planned 2019 exploratory borehole program.
The continuation of on-going technical work programs, accompanied by the provisional 2019 field work, will allow the company to quantify the potential overall Lithium reserves. These measures will help Blue Eagle Lithium move forward in its pursuit to liberate viable lithium from available brines and operate as a low-impact twenty-first century producer as opposed to the environmentally high impact extraction methods of previous lithium producers.
“It’s exciting to see the team on the ground continuing to explore our leases,” said Rupert Ireland, CEO of Blue Eagle Lithium. “We are collecting many samples to really understand the potential of our property, with every trip seeming to deliver more positive property attributes. We will work now on data acquisition and database building, ready to pin point our initial targets. We are increasingly optimistic regarding the potential of the Railroad Valley property.”
About Blue Eagle Lithium Inc.
Blue Eagle Lithium (OTCQB: BEAG) is a publicly traded lithium exploration company engaged in identifying, evaluating and developing early-stage lithium exploration opportunities in North America. Blue Eagle’s team is comprised of experienced leaders that represent more than 60 years of industry experience in the energy, financial and geology fields. The company's initial property, located in Railroad Valley, Nevada, is a highly prospective green-fields Petro-Lithium brine target area that features many similarities to 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.
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INVESTOR EMAIL: IR@blueeagleLithium.com
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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 December 3, 2018