| Announcement Date: | 2022-02-28 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | NI43-101 |
| Company name: | Highwood Asset Management Ltd. |
| Project name: | Drumheller |
| Location: | Canada |
| Commodities: | Lithium |
| Highlight: | Initial Resource Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | This technical report has been prepared for the issuer, Highwood Asset Management Ltd. (Highwood or the Company) of Calgary, Alberta. Highwood has amassed 100% mineral ownership of 236 mineral permits and mineral titles (1,543,393 hectares) that are located throughout Alberta (n=222 mineral permits) and in northeastern British Columbia (n=14 mineral titles; Figure 2.1). Highwood is exploring the mineral permits/titles as part of their Lithium-Brine and Ironstone Iron-Vanadium projects. The focus of this technical report is on Highwood’s Drumheller Lithium-Brine Property in south-central Alberta, which comprises a portion of the Companies overall land package (23.5%) and consists of 50 approved mineral permits encompassing 362,522 hectares. Highwood is investigating the Drumheller Property for its lithium-brine (Li-brine) potential. Highwood proposes to assess stratigraphically deep (e.g., >1,500 m below surface) hypersaline formation water, or brine, from oil and gas reservoirs, or aquifers, associated with Devonian-aged reef complexes for the brine’s lithium potential. |
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