Bacanora New Exploration Licence Expands Zinnwald Potential
- Licence covers previously mined Falkenhain Lithium deposit close to Company’s Zinnwald project in Germany
- Potential to increase life time of mine at Zinnwald
- Falkenhain and Zinnwald complement flagship Sonora lithium project in Mexico which was assigned a US$1.25billion NPV in Feasibility Study (“FS”)
Calgary, Alberta (FSCwire) – BACANORA MINERALS LTD. (“Bacanora” or the “Company”) (TSX-V: BCN and AIM: BCN), the Canadian and London listed lithium company, is pleased to announce that its subsidiary, Deutsche Lithium GmbH, (“Deutsche Lithium”), which is 50% owned by Bacanora, has been granted an exploration licence (the “Licence”) covering 295 hectares of the previously mined Falkenhain Lithium deposit (“Falkenhain”) in southern Saxony, Germany. Falkenhain, which is located within 5km of Bacanora’s 50% owned Zinnwald Lithium Project (“Zinnwald”), has the potential to increase the life time of a mine at Zinnwald.