Bacanora Announces Indicated Mineral Resource Increased by Over 300% to 5.0 Million Tonnes of LCE at the Sonora Lithium Project

CALGARY, ALBERTA–(Marketwired – Nov. 23, 2015) – BACANORA MINERALS LTD. (“Bacanora” or the “Company”), the Canadian and London listed (TSX VENTURE:BCN) (AIM:BCN) lithium and borates company, is pleased to report an updated Mineral Resource estimate (“MRE”) for the Sonora Lithium Project(1) in Mexico (the “Project”), which has seen its Indicated Minerals Resources increase by over 300% to 5 million tonnes (“Mt”) of lithium carbonate equivalent (“LCE”)(2). In addition, the Project’s Inferred Mineral Resource has been estimated as a total of 3.9 Mt of LCE contained within the deposit.

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