Petro Horizon Initiates a 43-101 Report on its Lithium, Rare Metals Project
(PRZCF.OTCBB) (PH0.FRANKFURT) (TSXV.PHE)
Mercator Geological Services Limited is based in
An initial site visit was recently conducted in early March attended by Mercator geologist,
Petro Horizon president,
To see photos of the trip, click here: http://www.tr.im/S8ne
About Brazil Lake Lithium Rare Metals Project
The 3,160 acre property that is yet to be diligently explored by the company, is located approximately 30 Kilometers north of
The two identified lithium and rare metal bearing pegmatite dikes that appear at surface have been defined by drilling to be up to 20 meters wide and having exposed lengths up to 300 meters long. The deepest drill hole intersected the dikes at 50 meters depth. Both pegmatites remain open at depth and future drilling in the upcoming work program will attempt to extend the depth of the dikes to a minimum of 100 meters.
The signature dispersal train of pegmatite boulders identifying the currently drilled pegmatites will assist in identifying three other boulders fields indicating potential pegmatite targets. Geochemical surveys have also assisted in the identification of these additional targets. It is well known that pegmatites occur in swarms and therefore, the company, in addition to the drilling program on the currently established two dikes, plans to carry out a detailed prospecting program to source other potential targets.
Lithium on the property is hosted by the mineral spodumene which makes up approximately 14 to 20% of the pegmatites. The lithium oxide (Li(2)O) content in the spodumene is approximately 7.4% to 7.7%.
The Contained Rare Metals
The company announces the granting of 50,000 stock options to a consultant of Petro Horizon Energy Corp. The options shall be exercisable at a price of
On Behalf of the board of directors,
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SOURCE Petro Horizon Energy Corp.