Sali Lithium Signs Letter of Intent to Acquire up to 100% of the High Grade La Esperanza Gold Project in Rio Negro Province, Argentina

Property Highlights:
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Historically reported results*:
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Channel sample highlights include 2.0 metres at 24.0 g/t Au, 5.0 metres at 13.1 g/t Au, 1.3 metres at 11.5 g/t Au, 3.0 metres at 4.4 g/t Au, 0.2 metres at 99.0 g/t Ag and 2.8% Cu, 1.2 metres at 129.0 g/t Ag and 3.5% Cu, and 0.3 metres at 52.0 g/t Ag; and
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Rock chips up to 24.4 g/t Au
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Covers 44,400 hectares of year-round workable terrain in the Los Menucos District, within the Nordpatagonian Massiff, a region known for hosting high grade precious metal deposits.
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Located in a geologically favorable region with known gold and silver mineralization and just Two km from a highway with gentle slope terrain and excellent access.
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Adjacent to ready-to-drill target held by Southern Copper, highlighting the district's active exploration environment.
* Results have been historically reported and have not been verified by an independent, qualified person.
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Figure 1: Location of the La Esperanza Project in the Río negro Province, Argentina
Option Terms
SALi may earn up to a 100% interest in the Property through a staged option agreement consisting of cash and exploration expenditures:
OPTION STAGE | CASH PAYMENT (US$) | EXPENDITURES (US$) | DEADLINE |
Effective Date | $3,000 | - | Upon signing |
Confirmation Date | $15,000 | - | Within 60 days |
First Option | $511,500 | $1,670,000 | November 30, 2029 |
Second Option | $415,000 | $929,000 | November 30, 2030 |
Third Option | $945,000 | - | No deadline |
TOTAL | $1,889,500 | $2,599,000 |
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1)Subject to a 1.0% NSR. SALi has right to purchase 0.5% for US$1.0 million.
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2)SALi may accelerate payments or expenditures at its discretion, and expenditures may be substituted with cash payments to Valcheta.
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3)Joint venture formation: Upon exercising the First Option, SALi and Valcheta will form a joint venture with SALi as the operator and a 51% interest. SALi may elect to proceed directly to 90% ownership under the Second Option, deferring joint venture formation. Upon exercising the Third Option, SALi will hold a 100% undivided interest in the Project
Dustin Nanos, CEO of SALi comments: "The La Esperanza Project represents a strategic expansion of our footprint in Argentina. With its extensive vein systems, high-grade occurrences, and favorable location, this acquisition aligns perfectly with our goal of building a diversified portfolio of lithium, gold and critical mineral assets. We look forward to advancing this exciting opportunity."
Property Information and Exploration History
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30 trenches excavated, exposing 2,937 metres of mineralized zones.
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690 continuous channel samples collected.
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A total of 1,674 rock samples gathered, including rock chips, channel chip samples, and float samples.
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Hosts over 10km of low-sulfidation epithermal gold veins, averaging one metre in width and ranging from 50 to 2,500 metres in length.
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Veins exhibit low-sulfidation multi-pulse textures including drusy quartz, banding, crustiform structures, and carbonate replacement.
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Favorable structural settings and extensive vein systems make La Esperanza a compelling target for ongoing exploration and drilling.
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Channel sample highlights include 2.0 metres at 24 g/t Au, 5.0 metres at 13.1 g/t Au, 1.3 metres at 11.5 g/t Au, 3 metres at 4.4 g/t Au and rock chip at 24.4 g/t Au.
Qualified Person
The scientific and technical information contained in this press release has been reviewed and approved by Patrik Schmidt, M.Sc., P.Geo. He is a Professional Geologist registered in Quebec (OGQ).
About SALi Lithium Corp.
SALi Lithium Corp. is a mineral exploration company dedicated to the discovery and development of mineral resources. The Company holds a controlling interest in the El Quemado Project, comprising 46 mining concessions totaling 58,000 hectares in Salta Province, Argentina. Additionally, the Company has 34,442 hectares covering two greenstone belts in the James Bay Region, Quebec, Canada and Gold Fire Project totaling 4,680 hectares Near the Windfall Camp in Quebec, Canada.
On behalf of the Board of Directors,
Dustin Nanos
CEO and Director
1-587-577-9878
Email: Dustin@SouthAmericanLithium.com
Twitter: @Lithium_SALI
Website: www.SouthAmericanLithium.com
Forward-Looking Information and Statements
This news release contains forward-looking information or statements (collectively referred to herein as "forward-looking statements"). Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements and are not guarantees of the future performance of the Company. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are outside the Company's control and which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; and risks associated with potential governmental and/or regulatory action with respect to the Company's operations. Readers are cautioned not to place undue reliance on forward-looking statements for the reasons outlined above, as the expectations in the forward-looking statements may prove to be incorrect, and actual results may differ materially from those anticipated.
The CSE has not reviewed, approved, or disapproved the contents of this press release.
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