Vancouver, BC – December 12, 2018 – Surge Exploration Inc. (the “Company” or “Surge”) (TSXV: SUR, OTCQB:SURJF, FRA: DJ5C) is pleased to announce that further to its news releases dated November 6, 2018 and July 24, 2018, the Company has entered into a formal binding Definitive Agreement (the “Definitive Agreement”) with Compañía Minera del Pacífico S.A. (“CAP Minería”) dated December 7, 2018, for an option to acquire up to 70% of the Atacama Cobalto Project in the prolific Atacama Region in Northern Chile.
Surge Exploration Enters into MOU for an Option to Acquire Incahuasi Lithium Project in the Antofagasta Region of Chile
Vancouver, BC – October 31, 2018 – Surge Exploration Inc. (the “Company” or “Surge”) (TSX‐V:SUR, OTCQB:SURJF, FRA:DJ5C) is pleased to announce that it’s wholly owned subsidiary, Surge Exploration Chile SpA has entered into an arm’s length non-binding Memorandum of Understanding (the “MOU”) with Mr. Miguel Angel Pérez Vargas ( “MAPV”) for an option to acquire up to 100% of the Incahuasi Lithium Project in the prolific Antofagasta mining region in Northern Chile. The Incahuasi Lithium Project comprises 10 exploration concessions totalling 2,300 hectares, and the Incahuasi Salar is located on the Chile/Argentina national border approximately 75 km / 46 mi southeast from the famed Atacama Salar in Chile. The Atacama Salar is well-known to be the world’s largest and actively mined source of lithium with over 15% of the global supply of lithium contained within its boundaries.
VANCOUVER, BRITISH COLUMBIA / October 9, 2018 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) is pleased to announce it has signed the Definitive Option Agreement, after completing the due diligence in relation to the Memorandum of Understanding dated August 8th 2018, to acquire 50% of the issued shares of Chilean Lithium Salars SpA (“CLS”). CLS is a wholly owned subsidiary of Chilean Lithium Salars Pty Ltd. (“CLSH”) and holds a 100% interest in three prospective lithium exploration Projects (the “Projects”) located in Chile, including Francisco Basin, Laguna Brava and Laguna Escondida Lithium Projects.
Two samples from the Laguna Brava Project were received at PurLucid Treatment Solutions Inc. (“PurLucid”) facilities in Calgary, Alberta to undergo pilot testing to prepare a Rapid Lithium Extraction unit deployment. Drilling contractors will be on site this week to prepare the drilling program at Francisco Basin Project, which will be overseen by SRK Consulting to deliver a 43-101 complaint Resource Estimation as soon as the exploration program is completed.
Following the positive response from the Chilean state agency National Geology and Mining Service (“SERNAGEOMIN”) and the Environmental Assessment Service (“SEA"), the Company plans to ship a rapid lithium brine system shortly. The Special Lithium Operation Contract “CEOL”, is a requirement to carry any lithium related commercial activity in Mining Concessions granted after 1983.