Rio Negro Project consisting of 500,000 hectares of staked and granted claims, covering known occurrences of known lithium pegmatite across Rio Negro, Chubut, and Neuqu\u00e9n Provinces in Argentina<\/figcaption><\/figure>\nLarge and prospective land position<\/h3>\n The Rio Negro Project consists of approximately 500,000 Ha of staked and granted claims stretching through the provinces of Chubut, Rio Negro, and Neuqu\u00e9n. The property covers a large portion of an intrusive belt known to host lithium mineralisation in pegmatites. Historic work on granitic stocks in the Manuel Choique (MC) area by the Argentine State in the 1960s identified 19 separate pegmatite bodies where assay results from 60 rock chip samples ranged from 0.6% Li2<\/sub>O to 4.1% Li2<\/sub>O, averaging 2.0% Li2<\/sub>O. Green Shift has not independently verified these reported grades; therefore, they cannot be relied upon until these areas are resampled.<\/p>\nOver 800 structures (possible pegmatite bodies) have been mapped through satellite image interpretation in the MC pegmatite field. This work showed that the identified structures have a total strike length of over 100km. A recent field visit confirmed the existence of many of the target structures identified on satellite imagery. Many of the trenches sampled by the State in the 1960s are still open and accessible for resampling in the planned exploration programme.<\/p>\n
The project is located in an area of good, all-season access and extensive infrastructure. Permitting required for systematic exploration is underway.<\/p>\n
Green Shift plans to mobilise field crews to Rio Negro to commence its three-month Phase 1 exploration programme immediately. The plan of work consists of prospecting, rock chip sampling and trenching on the highest priority areas located in the Rio Negro Project. Using a Laser Induced Breakdown Spectroscopy (LIBS) analyser provides a real-time estimate of lithium grade. It, therefore, is an invaluable tool for the field teams to assess potential and prioritise targets for further work. After the estimation of grade by the LIBS analyser, the field teams then channel sample the priority areas for determination of lithium grade by an independent, certified laboratory. Official assays typically take approximately six weeks at certified labs.<\/p>\nMap of the Rio Negro Project, Argentina<\/figcaption><\/figure>\nThe Phase 1 work programme is expected to focus on areas surrounding the township of Comallo in Rio Negro Province.<\/p>\n
In-country technical team in place, supported by strong capital markets, and mining expertise<\/h3>\n Green Shift has a dedicated technical team in Argentina with combined experience of over 150 years. This team is led by the company\u2019s Executive Chairman, Peter Mullens, who played an instrumental role in bringing the Rio Negro Project to the company.<\/p>\nRoad through the Rio Negro Project<\/figcaption><\/figure>\nMullens is a geologist with 35 years of experience working across various commodities and countries. His early career included roles as a Mine Geologist at Broken Hill in Australia from 1983 to 1987 and at Mount Isa Mines in Queensland from 1987 to 1997. From 1994 to 1997, he served as District Manager for Argentina and Central America, where he conducted exploration work for gold and base metals. Mullens joined Laramide Resources and Aquiline Resources in 2002. Both companies were successful, with Mullens being responsible for the acquisition of key projects in Argentina for Aquiline, which subsequently led to the buyout by Pan American Silver in 2009 for C$645m. At Laramide, Mullens was Vice President of Exploration and Director, playing a key role in helping to identify and acquire the Westmoreland and Homestake projects in Queensland and the US, respectively. Laramide was ranked the number one company on the TSXV in 2005. Mullens was also a Founder and Director of Lydian Resources, which discovered the five million-ounce Amulsar gold deposit located in Armenia.<\/p>\nLithium bearing pegmatite from Manuel Choique Target, Rio Negro Project<\/figcaption><\/figure>\nAdditional members of the technical team encompass experience in both hard rock lithium exploration and permitting and have strong government relationships.<\/p>\n
In addition to its strong technical team, Green Shift\u2019s diverse management team is led by CEO and Director Trumbull Fisher. He has a wealth of experience in capital raising for mostly resource-based small-cap companies from his tenure at institutional investment banks and working with both startups and advanced companies in various roles such as Chairman, President, Board Member, and Advisor. He also co-founded an offshore hedge fund, which he helped successfully manage for several years before it was acquired by a fund in Toronto. While the fund was a generalist fund, many of the investments were focused on natural resources and companies ranging from exploration to production.<\/p>\n
The path forward<\/h3>\n Green Shift is set to kickstart its Phase 1 exploration programme in Rio Negro by mobilising field crews to the region. The three-month plan of work includes prospecting, rock chip sampling, and trenching on high-priority areas. With the exploration programme and experienced team in place, GCOM is well-aligned to leverage its early mover advantage in hard rock lithium exploration.<\/p>\n
Supportive shareholders and compelling share structure<\/h3>\n Green Shift is well capitalised between its cash position and holding in free trading liquid shares of Consolidated Uranium (CUR) and Labrador Uranium (LUR). The company has completed two capital raises over the last 12 months at both $0.11 and $0.15 with current shareholders and bringing in new shareholders. Mega Uranium (MGA), an investor in Green Shift, also increased its position to over 10%, supporting the long-term growth of the company. Green Shift is listed on the TSX Venture Exchange under the symbol GCOM and on the OTC Markets in the US under UWEFF.<\/p>\n
Please note, this article will also appear in the fourteenth edition of our\u00a0quarterly publication<\/a>.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Mineral exploration and development company Green Shift Commodities is committed to exploiting Argentina\u2019s hard rock lithium potential.<\/p>\n","protected":false},"author":15,"featured_media":32310,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[24502],"tags":[529,24206,24495],"acf":[],"yoast_head":"\n
Unlocking Argentina\u2019s hard rock lithium discovery potential<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n