Sudbury, Ontario – July 13, 2017 – Supreme Metals Corp. (the “Company”) (CSE: ABJ)(FSE:A68) is pleased to report that on the Company’s Columbus Property which covers approximately 1,920 acres, located within the Columbus salt marsh, near Coaldale, a recent Magnetotelluric EM survey has highlighted new conductive targets on the property.
Geophysical interpretation of a test line undertaken by Zonge geophysical on a small portion of the property revealed a section of significant widespread conductivity with resistivities in the range of 4.5 to – 1.0 Ohm-m over the whole surveyed test line from 100 metres below the surface to a depth of 1,800 metres which was the depth limit of the survey. More resistive values were obtained in the range of 8.3-4.5 Ohm-m within the first 100 metres of depth from the surface.
Higher conductivity indicates greater potential salt and moisture content and associated potential increased lithium brine values.
Critically, this result suggests the continuity of lithium at depth extending the surface expression which previous work identified. Previous work included a total of 24 surface sample assays which were taken using augers and hand equipment to a maximum depth of approximately 2m and showed anomalous lithium values.
Other earlier work had suggested that the principal target at the Columbus project is a large circular gravity-low anomaly, which is interpreted as an infilled basin. The Company’s Columbus Property lies along the edge of this interpreted basin. Also, the high conductivity extending to a depth beyond 1,800 metres suggests a dropped down normal fault boundary with the edge of the basin extending further into the Columbus property than the interpreted basin edge. It is also noteworthy here to mention that higher lithium values are not necessarily found within the deepest part of basin areas.
Bob Komarechka noted “The fact that higher conductivity was confirmed at depth raises the potential for higher lithium values than were encountered on the previous surface sampling, validating the Company’s exploration target. The Company’s Columbus Property is one of 4 Nevada lithium brine properties comprising the Nevada lithium portfolio all of which encompass a total area of 6.520 acres or 2,639 hectares. The Nevada lithium portfolio was carefully chosen and work on the project as well as adjacent projects continues to point to an exciting area for potential lithium deposits, ideally located in proximity to Nevada’s Tesla lithium battery gigafactory.
The company is evaluating follow-up steps and work programs to further test and define the targets.”
Mr. Robert Komarechka, P.Geo, a Qualified Person under NI 43-101 regulations has reviewed the technical data for accuracy.
About Supreme Metals Corp.
Supreme Metals Corp. (CSE: ABJ)(FSE:A68) is a Canadian based exploration company with a focused approach in the area of green and energy metals in the Western World adjacent to anticipated downstream manufacturing projects that will have a significant need for these metals.
On Behalf of the Board,
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. There is no assurance the private placement, property option, change of board or reinstatement of trading referred to above will close on the terms as stated, or at all. The Company disclaims any intention or obligation to revise or update such statements.