CSE: CDN
OTCQB: AXVEF
Arizaro is one of the largest Salars in the Argentine Altiplano and forms part of what is known as the "Lithium Triangle", covering an area of 1,600 square kilometers within a 6,000 km2 watershed region. The salar is characterized by the presence of late Cenozoic volcanic and plutonic rocks, associated with sedimentary and evaporitic deposits, including lithium-bearing brines. In recent years, the resurgence of lithium demand due to the growth of the electric vehicle market and the increasing demand for lithium-ion batteries and the rise in world average price from
Based on initial field reconnaissance work, satellite imagery analysis, and regional geological maps, a local geological map was created. The local basement consists of tertiary red-beds composed of stratified sandy clay. The most abundant unit in the area corresponds to horizontally layered and terraced travertines, interbedded with fine sand and subordinate gypsum. This evaporitic sequence is consistent with others seen in comparable mature Salars such as Rincón, Pastos Grandes, Pocitos, and Hombre Muerto.
These deposits are interpreted to be lacustrine in origin and found in the edge zone of the salt flat. Surficial clay layers with a thin layer of halite were observed in the northern sector, which show plasticity and are poorly porous. A cone-shaped alluvial fan composed of poorly classified unconsolidated material was observed in the mid-eastern part of the property. There is a thin and ocherous unit with higher sediment content located at a lower elevation, under the travertine which corresponds to an active evaporitic crust zone of the Arizaro Salar. Two faults were identified in the southern sector based on satellite imagery and field observations.
The project area encompasses a transitional setting between clastic sediments and evaporites, which typifies a playa zone, as commonly observed in analogous salar environments across the Lithium Triangle.
"Salta is one of the top mining jurisdictions in
CDN Maverick is a
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This news release contains projections and forward - looking information that involve various risks and uncertainties regarding future events. Such forward - looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements; the uncertainty of future profitability; and the uncertainty of access to additional capital. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward- looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking information should circumstance or management's estimates or opinions change.
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