CDN Maverick Capital Corp. (CSE: CDN) (OTCQB: AXVEF) (FSE: A117RU) has announced a significant update on its interest in NOA Lithium Brines Inc. (TSXV: NOAL). On July 10, 2024, in Buenos Aires, Argentina, NOA Lithium Brines filed an updated NI 43-101 Technical Report for the Rio Grande Project. The report includes results from the fifth drill hole and a Controlled Source Audio-Magnetotelluric (CSAMT) survey conducted on all properties of the project.

Updated Mineral Resource Estimate

The new resource estimate indicates a substantial increase in measured resources. The updated estimate includes:

– 2,094,000 tonnes of Lithium Carbonate Equivalent (LCE) of measured resource.
– 2,658,000 tonnes of LCE of measured and indicated resource combined.
– An aggregate Measured, Indicated, and Inferred Mineral Resource Estimate (MRE) of 4,697,000 tonnes of LCE with an average estimated concentration of 525 mg/l.

Significant Measured Resource Expansion

The measured resources have significantly increased to 2,094,000 tonnes of LCE from the previously estimated 1,478,000 tonnes, marking a 42% increase.

Measured and Indicated Resource Expansion

Measured and indicated resources have expanded to 2,658,000 tonnes of LCE from the previous 1,919,000 tonnes, resulting in a 38% increase.

Revised Mineral Resource Estimate

The new MRE at the Rio Grande Project now contains a total resource of approximately 4.7 million tonnes of LCE with an estimated concentration of 525 mg/l. This represents a 24% increase compared to the previously estimated MRE.

About NOA Lithium Brines Inc.

NOA Lithium Brines Inc. is a lithium exploration and development company. It has consolidated one of the largest lithium brine claim portfolios in the heart of the Lithium Triangle, Salta, Argentina. The company’s key projects are the Rio Grande, Arizaro, and Salinas Grandes salars, covering over 140,000 hectares.

About CDN Maverick Capital Corp.

CDN Maverick Capital Corp. is a diversified exploration company focusing on lithium. The company has interests in several prospects and projects, including:

– James Bay, Quebec: Poncheville and Chabinoche Properties.
– Electric Avenue, Ontario: Northwind Lake Lithium Property.
– Rainbow Canyon, Nevada: Drilled high-grade gold intercepts.

Investments

CDN Maverick holds 3,109,135 shares of NOA Lithium Brines Inc. and over 1.66 million shares in Noram Lithium Corp.

CDN Maverick is committed to expanding its critical minerals portfolio across the Americas with a strong focus on sustainable and ESG-friendly investing and exploration.

ON BEHALF OF THE BOARD OF DIRECTORS

Sandy MacDougall
Founder, Chairman, and Director

Simon Studer
President, Interim CEO, and Director

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