Sali Lithium enters LOI to option La Esperanza

Executive Summary

• Sali Lithium Corp. has signed a Letter of Intent (LOI) to acquire up to a 100% interest in the La Esperanza gold project, a high-grade gold-silver property located in the Rio Negro province of Argentina.
• The acquisition is structured as a staged option agreement involving cash payments and exploration expenditures, allowing Sali Lithium to earn the full interest.
• The project is situated in the Nordpatagonian massiff, a region known for high-grade precious metal deposits, and features extensive historical channel sampling and trenching results indicating significant gold and silver mineralization.

Key Details

• Transaction Structure: Sali Lithium may earn up to a 100% interest through a staged option agreement consisting of cash payments and exploration expenditures.
• Target Asset: La Esperanza Project, a gold-silver property in the Los Menucos district, Rio Negro province, Argentina.
• Property Size: Covers 44,400 hectares of year-round workable terrain.
• Location & Access: Located in a geologically favorable region with known mineralization, just two kilometers from a highway with gentle slope terrain and excellent access.
• Strategic Context: Adjacent to a ready-to-drill target held by Southern Copper, highlighting the district's active exploration environment.
• Historical Sampling Results (Channel Samples):
  • 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 metre at 99.0 g/t Ag and 2.8% Cu
  • 1.2 metres at 129.0 g/t Ag and 3.5% Cu
  • 0.3 metre at 52.0 g/t Ag
• Historical Sampling Results (Rock Chips): Up to 24.4 g/t Au.
• Exploration History:
  • 30 trenches excavated, exposing 2,937 metres of mineralized zones.
  • 690 continuous channel samples collected.
  • 1,674 rock samples gathered (chips, channel chips, float).
  • Hosts over 10 kilometres of low-sulphidation epithermal gold veins, averaging one metre in width and ranging from 50 to 2,500 metres in length.
• Geological Characteristics: Veins exhibit low-sulphidation multipulse textures, including drusy quartz, banding, crustiform structures, and carbonate replacement.
• Qualified Person: Patrik Schmidt, MSc, PGeo (Professional Geologist registered in Quebec).

Notable Quotes

• "The La Esperanza project represents a strategic expansion of our footprint in Argentina. With its extensive vein systems, high-grade occurrences and favourable 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." — Dustin Nanos, Chief Executive Officer of Sali Lithium