TSX-V
MSA.V
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Acquires Six Lithium Projects in Utah
Publié le 01 mai 2017
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Re: News Release - Monday, May 01, 2017
Mesa Exploration Acquires Six Lithium Projects in Utah
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Mesa Exploration Corp. (TSX-V: MSA, OTCPK: MSAJF) (the "Company" or
"Mesa") is pleased to announce that it has acquired six lithium
exploration projects in eastern Utah's Paradox Basin. The Projects
total 2,356 acres consisting of Federal placer mining claims or State
mineral leases. The Projects are all located in a semi-desert region
with an average of over 300 days of sunshine per year, existing
infrastructure, and year-round access to road and rail.
The projects share the following attributes:
Located within brine-hosting strata in the Paradox formation
Projects along the axis of the Paradox Basin where maximum lithium
concentrations exist
Documented occurrences of lithium-enriched subsurface brines from
several wells in the Paradox Basin
Over 200 wells in the region have encountered brine with lithium rarely
analyzed by early operators
Concurrent with a zone containing greater than 40% dissolved solids in
brine as per Utah Geological and Mineralogical Survey (Concentrated
Subsurface Brines in the Moab Region, Utah, June 1965).
Target:
.. Clastic zones above potash beds where regional brine aquifers are cut
by high angle faults
.. Faults are the hydrologic conduits
.. The upper potash beds are the source of the lithium, bromine, boron
and other brine minerals
.. Clastic zones provide a fractured, porous aquifer
.. Target is not related to oil and gas
The deposit model concept developed by Mesa postulates that some of the
8 potash bed/clastic bed interfaces represent entombed or fossil
salars, an analog to the bulk of modern lithium production.
Work plan will
.. Compile pertinent oil well logs with the focus being clastic units
above potash beds, at least 8 such beds exist
.. Augment existing published and internally generated structure contour
maps
.. Identify syncline and anticlinal features adjacent to high angle
faulting
.. Add additional claims or leases where required
.. Determine if acquisition of existing seismic data is warranted
.. Evaluate possibility of re-entry into one or more historic wells for
modern analytical and hydrogeological analysis. An example being the
Amerada Petroleum Green River No. 2; although no lithium analysis was
performed 40% brine was encountered with 2,362 ppm boron (page 13
Concentrated Subsurface Brines in the Moab Region, Utah, June 1965).
Mesa's acquisition of these six projects is another step of positioning
the Company to benefit from the long-term fundamentals of the growing
lithium sector.
About Mesa Exploration:
Mesa is exploring a portfolio of lithium, uranium, potash, gold and
silver mineral properties in the United States where it controls land
holdings in proven mining districts with excellent access and
infrastructure. Mesa currently has 18 million shares issued and
outstanding. For further information please visit our website at
www.MesaExploration.com.
ON BEHALF OF THE BOARD
MESA EXPLORATION CORP.
(signed) Foster Wilson, President and CEO
This news release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, are forward-looking statements.
Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results
or developments may differ materially from those in the forward-looking
statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include
unsuccessful exploration results, changes in metals prices, changes in
the availability of funding for mineral exploration, unanticipated
changes in key management personnel and general economic conditions.
Mining is an inherently risky business. Accordingly the actual events
may differ materially from those projected in the forward-looking
statements. For more information on the Company and the risks and
challenges of its business, investors should review the Company's
annual filings that are available at www.sedar.com
For further information call:
Corporate Communications, 775-771-5219
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy of accuracy of this release.
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