10:23 AM EST - LithiumBank Resources Corp. : Announced it has engaged Matrix Solutions Inc. to complete a lithium brine resource and reservoir assessment of the Duperow Formation underlying the Company’s 100% owned South and Estevan projects in its Saskatchewan district. The work is expected to lay the framework for NI 43-101 resource estimates at both properties and guide future exploration work. Matrix began compiling data early this year and the final report is scheduled for delivery in the coming quarter. The Company was an early mover in Saskatchewan, and acquired the South and Estevan projects in 2021 with the belief that the Duperow Formation would have great potential for large scale brine extraction at economic grades. In addition to its lithium resource potential, the Duperow Formation has extensive oil and gas infrastructure and geological data that are expected to support the development of the Company’s lithium brine assets in a cost-effective manner. Furthermore, the two projects are well connected by Provincial roads and are in close proximity to power utilities and a local skilled labour force. LithiumBank Resources Corp.
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