Angel Gold Corp. (TSX.V: ANG) (“Angel Gold” or the “Company”) is pleased to announce the appointment of Atacama Water Consultants of Santiago, Chile, for the preparation of a National Instrument 43-101 Technical Report on the Amanecer Lithium Project, located in Salta Province, Argentina. The Technical Report will be submitted to the TSX Venture Exchange pursuant to the fundamental acquisition announced May 4, 2022.
Atacama Water Consultants are providing Mr. Frits Reidel, CPG as the acting Qualified Person. Mr. Reidel has more than 30 years of experience working on water and infrastructure related projects for the mining industry in North and South America. As a hydrological consultant, he has worked on numerous salars including Olaroz (Orocobre Ltda.), Cauchari (Lithium Americas Corp. and Advantage Lithium), Centenario (Eramet), Diablillos (Tibet Summit Resources), and Maricunga (Lithium Power Int.). Mr. Reidel has recently completed a site visit to the project area and conducted a sample program.
The 2,500-hectare Amanecer Lithium Project is strategically located on the Pocitos Salar, in Salta Province, Argentina. The area has been the subject of previous exploration. The Company intends to evaluate the potential of the project to support new lithium extraction technology being developed by Eon Minerals Inc., a technology company with a laboratory in Salta, Argentina. As part of the Amanecer Lithium Project acquisition transaction announced May 2, 2022, the Company plans to fund the construction of a pilot plant using the Eon Minerals LLC, patent pending Direct Lithium Extraction absorbent technology.
ON BEHALF OF THE BOARD OF DIRECTORS
Christopher P. Cherry, Interim CEO and Interim CFO
chris@cherryconsulting.ca
Neither 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 or accuracy of this release.
This news release contains certain “forward-looking statements” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward-looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this news release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this news release. We seek safe harbor.
