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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