Concept Mining Receives Temporary Permit for Drill Program at a New Mining Site

Veröffentlicht von: PRcircle
Veröffentlicht am: 04.07.2016 13:25
Rubrik: Industrie & Handwerk


(Presseportal openBroadcast) - The work forms part of the Phase 1 exploration program and results, if positive, will be incorporated into a resource estimate.

Chengdu, July 03, 2016 -- Concept Mining, a lithium exploration and development company with a focus on becoming a low-cost supplier for the lithium battery industry, announced today the possibility of adding the third mining project to its portfolio.

The Company has received the necessary work permits from to complete five drill holes at its New Lithium Project (the “Project”) in China. The name of the mining site will be announced at a later date upon the interpretations of the first findings.

The Company is permitted to drill five exploration holes on two drill sites that will target potential lithium-brine-bearing formations, including a basal gravel aquifer that lies at the base of the valley. The initial drill program was designed by Roger Guanqiu, Chief Hydrogeologist for Concept Mining, with assistance from Fu Zhaobai, the Company’s VP of Project Development. A third site, consisting of two drill holes, shall be determined based on the results of these first two drill sites.

“We are pleased to have permits in hand for the first phase of drilling and are now in the process of securing equipment and drill crews,” said Concept Mining CEO, Gong R. Ningning. “We are progressing well and anticipate collaring our first exploration core hole in the third quarter.”

The Company expects to drill these holes to a depth that will intersect the gravel aquifer in the lower part of the basin, which is expected to be approximately 450 meters. Each drill site is expected to consist of two closely spaced holes (one diamond core hole and another rotary) to maximize data collection for the initial resource.

About Concept Mining
Concept Mining is a lithium exploration and development company with a focus on becoming a low-cost supplier for the lithium battery industry. The clear vision to focus on projects with simple operations with a lower cost structure has delivered rapid results and a strong company position. The firm is a multi-faceted miner with lithium exploration portfolio, and mining services that delivers drilling, geophysical and project development services. With a range of select projects in production and in development, the company’s pipeline of sustainable and low capital mining operations ensures the company will continue to deliver shareholder value, profitability, liquidity and growth.

Contact:
Roger Guanqiu
Concept Mining
Huarun Tower, 8 Shuangqing Road,
Chengdu, Chenghua District, China
media@conceptmining.com
http://www.conceptmining.com

Pressekontakt:

Roger Guanqiu
Concept Mining
Huarun Tower, 8 Shuangqing Road,
Chengdu, Chenghua District, China
media@conceptmining.com

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