Antofagasta, Chile

University of Antofagasta

www.uantof.cl/
Antofagasta, Chile

The University of Antofagasta is a public research university located in Antofagasta, Chile. It is a derivative university part of the Chilean Traditional Universities. Wikipedia.

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Grant
Agency: European Commission | Branch: FP7 | Program: CP-IP | Phase: KBBE-2009-3-2-01 | Award Amount: 7.90M | Year: 2010

Biodiversity in the seas is only partly explored, although marine organisms are excellent sources for many industrial products. Through close co-operation between industrial and academic partners, the MAREX project will collect, isolate and classify marine organisms, such as micro- and macroalgae, cyanobacteria, sea anemones, tunicates and fish from the Atlantic, Pacific and Indian Oceans as well as from the Mediterranean, Baltic and Arabian Seas. Extracts and purified compounds of these organisms will be studied for several therapeutically and industrially significant biological activities, including anticancer, anti-inflammatory, antiviral and anticoagulant activities by applying a wide variety of screening tools, as well as for ion channel/receptor modulation and plant growth regulation. Chromatographic isolation of bioactive compounds will be followed by structural determination. Sustainable cultivation methods for promising organisms, and biotechnological processes for selected compounds will be developed, as well as biosensors for monitoring the target compounds. The work will entail sustainable organic synthesis of selected active compounds and new derivatives, and development of selected hits to lead compounds. The project will expand marine compound libraries. MAREX innovations will be targeted for industrial product development in order to improve the growth and productivity of European marine biotechnology. MAREX aims at a better understanding of environmentally conscious sourcing of marine biotechnology products and increased public awareness of marine biodiversity and potential. Finally, MAREX is expected to offer novel marine-based lead compounds for European industries and strengthen their product portfolios related to pharmaceutical, nutraceutical, cosmetic, agrochemical, food processing, material and biosensor applications.


Grant
Agency: European Commission | Branch: FP7 | Program: CP-FP | Phase: KBBE.2010.3.2-01 | Award Amount: 3.85M | Year: 2011

The aim of MARINE FUNGI is the demonstration of sustainable exploitation of marine natural resources providing appropriate culture conditions for the underutilised group of marine fungi, thus enabling efficient production of marine natural products in the laboratory and also in large scale cultures, avoiding harm to the natural environment. The focus of MARINE FUNGI are new anti-cancer compounds The project will carry out the characterisation of these compounds to the stage of in vivo proof of concept ready to enter further drug development in order to valorise the results of the project. MARINE FUNGI covers two approaches to gain effective producer strains: a) Candidate strains originating from one partners strain collection will be characterised and optimised using molecular methods. b) New fungi will be isolated from unique habitats, i.e. tropical coral reefs, endemic macroalgae and sponges from the Mediterranean. Culture conditions for these new isolates will be optimised for the production of new anti-cancer metabolites. MARINE FUNGI will develop a process concept for these compounds providing the technological basis for a sustainable use of marine microbial products as result of Blue Biotech. The project will explore the potential of marine fungi as excellent sources for useful new natural compounds. This will be accomplished by the formation of a new strongly interacting research network comprising the scientific and technological actors, including 3 SMEs and 2 ICPC partners, necessary to move along the added-value chain from the marine habitat to the drug candidate and process concept. The generated and existing knowledge will be disseminated widely for the valorisation of the project results.


Grant
Agency: European Commission | Branch: FP7 | Program: CP-TP | Phase: KBBE.2013.3.2-02;KBBE.2013.3.6-01 | Award Amount: 11.91M | Year: 2013

Microalgae are a promising feedstock for sustainable supply of commodities and specialties for food and non-food products. Despite this potential the implementation is still limited which is mainly due to unfavourable economics. Major bottlenecks are the lack of available biomass at acceptable costs and the absence of appropriate biorefinery technologies. The 4-year MIRACLES project aims to resolve these hurdles by development of integrated, multiple-product biorefinery for valuable specialties from algae for application in food, aquafeeds and non-food products. The focus is on development and integration of mild cell disruption and environmentally friendly extraction and fractionation processes including functionality testing and product formulation based on established industrial strains. The project will also develop new technologies for optimization and monitoring of valuable products in the algal biomass during cultivation and innovative photobioreactor and harvesting technology that will enable substantial cost reduction. A new technology will be developed for CO2 concentration from the air for algal growth and new industrial algae strains for extreme locations will be selected via bioprospecting to expand the resource base for the algae industry and enable cultivation in areas less suitable for agriculture such as deserts. The work is supported by market assessment, integral biorefinery designs, techno-economic and sustainability assessment, and the creation of business plans for full valorisation of algal biomass. Integrated value chains will be demonstrated to deliver proof-of-concept and demonstrate economic feasibility. MIRACLES is an industry driven R&D and innovation project with a multidisciplinary approach aimed at generating robust business cases through technology development. The consortium has 26 partners with 11 prominent research organisations. Strong industrial leadership is guaranteed through the participation of 12 SMEs and 3 NMI/end users.


News Article | March 1, 2017
Site: www.accesswire.com

VANCOUVER, BC / ACCESSWIRE / March 1, 2017 / Bearing Resources Ltd. (TSXV: BRZ) (OTCQB: BRGRF) (FSE: B6K1) ("Bearing" or the "Company") has received results from Li3 Energy Inc ("Li3") from the pilot evaporation ponds at the Maricunga lithium brine project located in Chile (the "Maricunga Project"). Bearing has entered into a definitive agreement to acquire Li3 and its interest in the Maricunga Project (the "Li3 Definitive Agreement"). Li3 currently holds a 17.7% interest in the Maricunga Project along with Minera Salar Blanco ("MSB") and Lithium Power International Limited ("Lithium Power") at 32.3% and 50% respectively pursuant to a joint venture arrangement (the "Joint Venture"). Under the terms of the Joint Venture, Lithium Power has agreed to fund exploration and development costs with both Li3 and MSB having a free carry until the completion of a definitive feasibility study. A total of ten trial evaporation ponds were constructed in late 2016 (Q4/16) in order to measure the precipitation of salts, the evolution of brine, and evaporation rates over a one-year period to determine the optimal processing methodology and process flow sheet for the extraction of lithium, potassium, and other by-products. In addition to the trial evaporation ponds, a weather station was also constructed to record temperature, wind, precipitation and solar evaporation over the period. The aforementioned data will be used to support the Pre-Feasibility Study (PFS) which is anticipated later in 2017. Brine from pump well P1 located on the Litio tenement was used for the evaporation tests. The average grade of the brine from the pump well was 1,260 mg/L lithium and over an initial three-month period, the brine concentration increased five-fold to 6,300 mg/L lithium. In addition, potassium chloride (KCl) and sodium chloride (NaCl) is precipitating in the ponds as the concentration of the brine increases. Potassium chloride is used in the production of potash and can be a valuable by-product in the production of lithium compounds. Initial results from evaporation tests were previously released by Lithium Power on February 24th, 2017. Jeremy Poirier, President and Chief Executive officer of the Company, commented: "We are pleased with the initial results from the evaporation testing. We look forward to receiving additional results moving forward as the tests advance." Brine samples from the evaporation ponds are collected on a periodic basis for assays. Precipitated salts are collected from each pond for mineralogical analysis and chemical analysis to evaluate the evaporation pathway and salt evolution. Brine samples were collected in a clean plastic bottle and filled to the top to minimize air space within the bottle. Salts collected from the ponds are filtered to remove excess moisture. The University of Antofagasta in northern Chile was used as the primary laboratory to conduct the assaying of the brine and precipitated salt samples collected as part of the evaporation test program. They also analyzed blanks, duplicates and standards, with blind control samples in the analysis chain. Additional details of the ongoing QA/QC programs and sampling procedures are provided in Lithium Power's press releases. Don Hains, P.Geo., who is a technical consultant to the Company and is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release. Bearing is an exploration and development company. The Li3 Definitive Agreement will enable it to acquire an interest in the advanced-stage Maricunga project located in Chile, which represents one of the highest-grade development opportunities in the Americas. Assuming completion of the transactions contemplated by the Li3 Definitive Agreement, Bearing will have an undivided 17.7% interest in the project with all expenditures through to the delivery of a Definitive Feasibility Study (DFS) fully-funded by its joint-venture partners. The Maricunga Project has had in excess of US$25 million of exploration to date. ON BEHALF OF THE BOARD FOR FURTHER INFORMATION PLEASE CONTACT: Jeremy Poirier-- President and CEO Bearing Resources - Telephone: 1-604-262-8835 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release includes certain "forward-looking information" and "forward-looking statements"(collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operating or financial performance of the Company, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this press release relate to, among other things: completion of the transactions contemplated by the Li3 Definitive Agreement, the benefits of the proposed transaction with Li3 to shareholders of Bearing, the completion of further exploration and Maricunga Project, future exploration results and the completion of technical reports on the Maricunga Project . Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: completion of satisfactory due diligence by each of Bearing and Li3, , the absence of a material adverse change in the Maricunga Property, the receipt of all necessary regulatory and shareholder approvals to complete the proposed transaction with Li3 and results of future exploration activities . Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, Bearing does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.


News Article | February 24, 2017
Site: marketersmedia.com

VANCOUVER, BC / ACCESSWIRE / February 24, 2017 / Bearing Resources Ltd. (TSXV: BRZ) (OTCQB: BRGRF) (FRANKFURT: B6K1) ("Bearing" or the "Company") has received results from Li3 Energy Inc ("Li3") from the pump tests at the Maricunga lithium brine project located in Chile (the "Maricunga Project"). Bearing has entered into a definitive agreement to acquire Li3 and its interest in the Maricunga Project (the "Li3 Definitive Agreement"). Li3 currently holds a 17.7% interest in the Maricunga Project along with Minera Salar Blanco ("MSB") and Lithium Power International Limited ("Lithium Power") at 32.3% and 50% respectively pursuant to a joint venture arrangement (the "Joint Venture"). Under the terms of the Joint Venture, Lithium Power has agreed to fund exploration and development costs with both Li3 and MSB having a free carry until the completion of a definitive feasibility study. Results from a sustainable pump test drilled in the centre of the "old code" Cocina tenement were initially released by Lithium Power on February 23rd, 2017. Pump test well P4 was drilled down to 180 metres with testing focused on production from depths of 66 metres to 180 metres to test the productivity and flow rates deeper within the salar. Over the 30-day period, flow rates and brine grades were closely monitored and stable over the observation period, with flow rates varying between 24 and 25 litres per second (L/s) and grades averaging 945 mg/L lithium and 6,924 mg/L potassium. Average grades from sampling brine over the 30-day period, which showed only minor variation, were from sampling of the lower aquifer (66 metres to 180 metres) and therefore excluded brine from the higher grade upper aquifer zone. Prior pump test wells, namely P1 and P2 located in the Litio tenement, returned average rates of 38 L/s over 14 days and 37 L/s over 28 days respectively. Of note, these flow rates were from a combination of the upper and lower aquifers combined, versus P4 which focused solely on the lower aquifer. Jeremy Poirier, President and Chief Executive Officer of the Company commented: "Overall we are very pleased with the results from sustained pump testing of well P4 which demonstrated both stable flow rates and grades over the period. This demonstrates the productivity of the Maricunga salar and more specifically, the extractability of brine from depth which coincides with the depth of the majority of our Phase 1 drill program which tested down to around 200 metres." Drilling was by rotary drilling that provide cuttings for lithological logging and for geological interpretation. The brine sample was collected in a clean plastic bottle and filled to the top to minimize air space within the bottle. The University of Antofagasta in northern Chile was used as the primary laboratory to conduct the assaying of the brine samples collected as part of the drilling program. They also analyzed blanks, duplicates and standards, with blind control samples in the analysis chain. Pumping test data is continuously monitored via a fluid flow meter at the well head and a series of piezometric wells and monitoring wells spaced at appropriate intervals from the well to measure fluid drawdown both in the upper aquifer and the target aquifer. Data are collected by data loggers and by daily manual inspection. Brine discharge is also monitored using a V-notch weir located approximately 1,200 metres from the well. Brine samples are collected daily from the V-notch discharge to assay variations in brine chemistry over the duration of the pump test. The assay procedures for the pump test samples are the same as for the brine samples collected from drill holes. Additional details of the QA/QC program and sampling procedures are provided in the Lithium Power press releases mentioned. Don Hains, P.Geo., who is a technical consultant to the Company and is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release. Bearing is an exploration and development company. The Li3 Definitive Agreement will enable it to acquire an interest in the advanced-stage Maricunga project located in Chile, which represents one of the highest-grade development opportunities in the Americas. Assuming completion of the transactions contemplated by the Li3 Definitive Agreement, Bearing will have an undivided 17.7% interest in the project with all expenditures through to the delivery of a Definitive Feasibility Study (DFS) fully-funded by its joint-venture partners. The Maricunga Project has had in excess of US$25 million of exploration to date. FOR FURTHER INFORMATION PLEASE CONTACT: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release includes certain "forward-looking information" and "forward-looking statements"(collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operating or financial performance of the Company, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this press release relate to, among other things: completion of the transactions contemplated by the Li3 Definitive Agreement, the benefits of the proposed transaction with Li3 to shareholders of Bearing, the completion of further exploration and Maricunga Project, future exploration results and the completion of technical reports on the Maricunga Project. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: completion of satisfactory due diligence by each of Bearing and Li3, , the absence of a material adverse change in the Maricunga Property, the receipt of all necessary regulatory and shareholder approvals to complete the proposed transaction with Li3 and results of future exploration activities . Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, Bearing does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law. VANCOUVER, BC / ACCESSWIRE / February 24, 2017 / Bearing Resources Ltd. (TSXV: BRZ) (OTCQB: BRGRF) (FRANKFURT: B6K1) ("Bearing" or the "Company") has received results from Li3 Energy Inc ("Li3") from the pump tests at the Maricunga lithium brine project located in Chile (the "Maricunga Project"). Bearing has entered into a definitive agreement to acquire Li3 and its interest in the Maricunga Project (the "Li3 Definitive Agreement"). Li3 currently holds a 17.7% interest in the Maricunga Project along with Minera Salar Blanco ("MSB") and Lithium Power International Limited ("Lithium Power") at 32.3% and 50% respectively pursuant to a joint venture arrangement (the "Joint Venture"). Under the terms of the Joint Venture, Lithium Power has agreed to fund exploration and development costs with both Li3 and MSB having a free carry until the completion of a definitive feasibility study. Results from a sustainable pump test drilled in the centre of the "old code" Cocina tenement were initially released by Lithium Power on February 23rd, 2017. Pump test well P4 was drilled down to 180 metres with testing focused on production from depths of 66 metres to 180 metres to test the productivity and flow rates deeper within the salar. Over the 30-day period, flow rates and brine grades were closely monitored and stable over the observation period, with flow rates varying between 24 and 25 litres per second (L/s) and grades averaging 945 mg/L lithium and 6,924 mg/L potassium. Average grades from sampling brine over the 30-day period, which showed only minor variation, were from sampling of the lower aquifer (66 metres to 180 metres) and therefore excluded brine from the higher grade upper aquifer zone. Prior pump test wells, namely P1 and P2 located in the Litio tenement, returned average rates of 38 L/s over 14 days and 37 L/s over 28 days respectively. Of note, these flow rates were from a combination of the upper and lower aquifers combined, versus P4 which focused solely on the lower aquifer. Jeremy Poirier, President and Chief Executive Officer of the Company commented: "Overall we are very pleased with the results from sustained pump testing of well P4 which demonstrated both stable flow rates and grades over the period. This demonstrates the productivity of the Maricunga salar and more specifically, the extractability of brine from depth which coincides with the depth of the majority of our Phase 1 drill program which tested down to around 200 metres." Drilling was by rotary drilling that provide cuttings for lithological logging and for geological interpretation. The brine sample was collected in a clean plastic bottle and filled to the top to minimize air space within the bottle. The University of Antofagasta in northern Chile was used as the primary laboratory to conduct the assaying of the brine samples collected as part of the drilling program. They also analyzed blanks, duplicates and standards, with blind control samples in the analysis chain. Pumping test data is continuously monitored via a fluid flow meter at the well head and a series of piezometric wells and monitoring wells spaced at appropriate intervals from the well to measure fluid drawdown both in the upper aquifer and the target aquifer. Data are collected by data loggers and by daily manual inspection. Brine discharge is also monitored using a V-notch weir located approximately 1,200 metres from the well. Brine samples are collected daily from the V-notch discharge to assay variations in brine chemistry over the duration of the pump test. The assay procedures for the pump test samples are the same as for the brine samples collected from drill holes. Additional details of the QA/QC program and sampling procedures are provided in the Lithium Power press releases mentioned. Don Hains, P.Geo., who is a technical consultant to the Company and is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release. Bearing is an exploration and development company. The Li3 Definitive Agreement will enable it to acquire an interest in the advanced-stage Maricunga project located in Chile, which represents one of the highest-grade development opportunities in the Americas. Assuming completion of the transactions contemplated by the Li3 Definitive Agreement, Bearing will have an undivided 17.7% interest in the project with all expenditures through to the delivery of a Definitive Feasibility Study (DFS) fully-funded by its joint-venture partners. The Maricunga Project has had in excess of US$25 million of exploration to date. ON BEHALF OF THE BOARD FOR FURTHER INFORMATION PLEASE CONTACT: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release includes certain "forward-looking information" and "forward-looking statements"(collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operating or financial performance of the Company, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this press release relate to, among other things: completion of the transactions contemplated by the Li3 Definitive Agreement, the benefits of the proposed transaction with Li3 to shareholders of Bearing, the completion of further exploration and Maricunga Project, future exploration results and the completion of technical reports on the Maricunga Project. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: completion of satisfactory due diligence by each of Bearing and Li3, , the absence of a material adverse change in the Maricunga Property, the receipt of all necessary regulatory and shareholder approvals to complete the proposed transaction with Li3 and results of future exploration activities . Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, Bearing does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.


News Article | February 24, 2017
Site: www.accesswire.com

VANCOUVER, BC / ACCESSWIRE / February 24, 2017 / Bearing Resources Ltd. (TSXV: BRZ) (OTCQB: BRGRF) (FRANKFURT: B6K1) ("Bearing" or the "Company") has received results from Li3 Energy Inc ("Li3") from the pump tests at the Maricunga lithium brine project located in Chile (the "Maricunga Project"). Bearing has entered into a definitive agreement to acquire Li3 and its interest in the Maricunga Project (the "Li3 Definitive Agreement"). Li3 currently holds a 17.7% interest in the Maricunga Project along with Minera Salar Blanco ("MSB") and Lithium Power International Limited ("Lithium Power") at 32.3% and 50% respectively pursuant to a joint venture arrangement (the "Joint Venture"). Under the terms of the Joint Venture, Lithium Power has agreed to fund exploration and development costs with both Li3 and MSB having a free carry until the completion of a definitive feasibility study. Results from a sustainable pump test drilled in the centre of the "old code" Cocina tenement were initially released by Lithium Power on February 23rd, 2017. Pump test well P4 was drilled down to 180 metres with testing focused on production from depths of 66 metres to 180 metres to test the productivity and flow rates deeper within the salar. Over the 30-day period, flow rates and brine grades were closely monitored and stable over the observation period, with flow rates varying between 24 and 25 litres per second (L/s) and grades averaging 945 mg/L lithium and 6,924 mg/L potassium. Average grades from sampling brine over the 30-day period, which showed only minor variation, were from sampling of the lower aquifer (66 metres to 180 metres) and therefore excluded brine from the higher grade upper aquifer zone. Prior pump test wells, namely P1 and P2 located in the Litio tenement, returned average rates of 38 L/s over 14 days and 37 L/s over 28 days respectively. Of note, these flow rates were from a combination of the upper and lower aquifers combined, versus P4 which focused solely on the lower aquifer. Jeremy Poirier, President and Chief Executive Officer of the Company commented: "Overall we are very pleased with the results from sustained pump testing of well P4 which demonstrated both stable flow rates and grades over the period. This demonstrates the productivity of the Maricunga salar and more specifically, the extractability of brine from depth which coincides with the depth of the majority of our Phase 1 drill program which tested down to around 200 metres." Drilling was by rotary drilling that provide cuttings for lithological logging and for geological interpretation. The brine sample was collected in a clean plastic bottle and filled to the top to minimize air space within the bottle. The University of Antofagasta in northern Chile was used as the primary laboratory to conduct the assaying of the brine samples collected as part of the drilling program. They also analyzed blanks, duplicates and standards, with blind control samples in the analysis chain. Pumping test data is continuously monitored via a fluid flow meter at the well head and a series of piezometric wells and monitoring wells spaced at appropriate intervals from the well to measure fluid drawdown both in the upper aquifer and the target aquifer. Data are collected by data loggers and by daily manual inspection. Brine discharge is also monitored using a V-notch weir located approximately 1,200 metres from the well. Brine samples are collected daily from the V-notch discharge to assay variations in brine chemistry over the duration of the pump test. The assay procedures for the pump test samples are the same as for the brine samples collected from drill holes. Additional details of the QA/QC program and sampling procedures are provided in the Lithium Power press releases mentioned. Don Hains, P.Geo., who is a technical consultant to the Company and is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release. Bearing is an exploration and development company. The Li3 Definitive Agreement will enable it to acquire an interest in the advanced-stage Maricunga project located in Chile, which represents one of the highest-grade development opportunities in the Americas. Assuming completion of the transactions contemplated by the Li3 Definitive Agreement, Bearing will have an undivided 17.7% interest in the project with all expenditures through to the delivery of a Definitive Feasibility Study (DFS) fully-funded by its joint-venture partners. The Maricunga Project has had in excess of US$25 million of exploration to date. ON BEHALF OF THE BOARD FOR FURTHER INFORMATION PLEASE CONTACT: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release includes certain "forward-looking information" and "forward-looking statements"(collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operating or financial performance of the Company, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this press release relate to, among other things: completion of the transactions contemplated by the Li3 Definitive Agreement, the benefits of the proposed transaction with Li3 to shareholders of Bearing, the completion of further exploration and Maricunga Project, future exploration results and the completion of technical reports on the Maricunga Project. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: completion of satisfactory due diligence by each of Bearing and Li3, , the absence of a material adverse change in the Maricunga Property, the receipt of all necessary regulatory and shareholder approvals to complete the proposed transaction with Li3 and results of future exploration activities . Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, Bearing does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.


News Article | February 15, 2017
Site: www.accesswire.com

VANCOUVER, BC / ACCESSWIRE / February 15, 2017 / Sonic drill hole S18 was drilled to a depth of 173 metres and averaged 1,382 mg/l lithium and 11,041 mg/l potassium over a 168-metre sample interval (from 5 metres to 173 metres) with a peak assay of 1,740 mg/l lithium and 13,260 mg/l potassium over a 6-metre sample at 65 metres depth. Please visit http://www.accesswire.com/uploads/25111_a1487128668912_22.jpg to view this image Please visit http://www.accesswire.com/uploads/25111_a1487128669021_84.jpg to view this image Jeremy Poirier, President and Chief Executive Officer of the Company commented: "We are extremely pleased with the results from the current phase of drilling on the Maricunga project. Firstly, all holes have intersected and terminated in high-grade brine at depths below historical drilling. Secondly, the results from the deep exploration hole demonstrates the potential for future resource delineation to depths of 360 metres and beyond. Overall, we believe the project has the potential to host a significant lithium and potassium resource with opportunities for further growth both laterally and at depth." Drilling of hole S19 was by rotary drilling that provides cuttings for lithological logging and for geological interpretation. Sonic drilling of hole S2 and S18 produced cores with close to 100% core recovery. This technique uses sonic vibration to penetrate the salt lake sediments. Brine samples were collected at 6 m intervals during drilling. This involved purging brine from the drill hole and then taking a sample corresponding to the interval between the rods and the bottom of the hole. The brine sample was collected in a clean plastic bottle and filled to the top to minimize air space within the bottle. Brine samples collected following the purging of the holes are homogenized as brine is extracted from the hole using a bailer device. Each bottle was taped and marked with the sample number and details of the hole and the time of the sample were noted. The University of Antofagasta in northern Chile was used as the primary laboratory to conduct the assaying of the brine samples collected as part of the drilling program. They also analyzed blanks, duplicates and standards, with blind control samples in the analysis chain. Additional details of the QA/QC program and sampling procedures are provided in the Lithium Power press releases mentioned. Robert Cameron, P.Geo., who is a technical consultant to the Company and is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release. Bearing is an exploration and development company. The Li3 Definitive Agreement will enable it to acquire an interest in the advanced-stage Maricunga project located in Chile, which represents one of the highest-grade development opportunities in the Americas. Assuming completion of the transactions contemplated by the Agreement, Bearing will have an undivided 17.7% interest in the project with all expenditures through to the delivery of a Definitive Feasibility Study (DFS) fully-funded by its joint-venture partners. The Maricunga Project has had in excess of US$25 million of exploration to date. ON BEHALF OF THE BOARD FOR FURTHER INFORMATION PLEASE CONTACT: Jeremy Poirier President and CEO Bearing Resources Telephone: 1-604-262-8835 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release includes certain "forward-looking information" and "forward-looking statements"(collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operating or financial performance of the Company, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this press release relate to, among other things: completion of the transactions contemplated by the Li3 Definitive Agreement, the benefits of the proposed transaction with Li3 to shareholders of Bearing . Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: completion of satisfactory due diligence by each of Bearing and Li3, , the absence of a material adverse change in the Maricunga Property and the receipt of all necessary regulatory and shareholder approvals to complete the proposed transaction with Li3 . Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, Bearing does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.


News Article | February 15, 2017
Site: marketersmedia.com

VANCOUVER, BC / ACCESSWIRE / February 15, 2017 / Sonic drill hole S18 was drilled to a depth of 173 metres and averaged 1,382 mg/l lithium and 11,041 mg/l potassium over a 168-metre sample interval (from 5 metres to 173 metres) with a peak assay of 1,740 mg/l lithium and 13,260 mg/l potassium over a 6-metre sample at 65 metres depth. Please visit http://www.accesswire.com/uploads/25111_a1487128668912_22.jpg to view this image Please visit http://www.accesswire.com/uploads/25111_a1487128669021_84.jpg to view this image Jeremy Poirier, President and Chief Executive Officer of the Company commented: "We are extremely pleased with the results from the current phase of drilling on the Maricunga project. Firstly, all holes have intersected and terminated in high-grade brine at depths below historical drilling. Secondly, the results from the deep exploration hole demonstrates the potential for future resource delineation to depths of 360 metres and beyond. Overall, we believe the project has the potential to host a significant lithium and potassium resource with opportunities for further growth both laterally and at depth." Drilling of hole S19 was by rotary drilling that provides cuttings for lithological logging and for geological interpretation. Sonic drilling of hole S2 and S18 produced cores with close to 100% core recovery. This technique uses sonic vibration to penetrate the salt lake sediments. Brine samples were collected at 6 m intervals during drilling. This involved purging brine from the drill hole and then taking a sample corresponding to the interval between the rods and the bottom of the hole. The brine sample was collected in a clean plastic bottle and filled to the top to minimize air space within the bottle. Brine samples collected following the purging of the holes are homogenized as brine is extracted from the hole using a bailer device. Each bottle was taped and marked with the sample number and details of the hole and the time of the sample were noted. The University of Antofagasta in northern Chile was used as the primary laboratory to conduct the assaying of the brine samples collected as part of the drilling program. They also analyzed blanks, duplicates and standards, with blind control samples in the analysis chain. Additional details of the QA/QC program and sampling procedures are provided in the Lithium Power press releases mentioned. Robert Cameron, P.Geo., who is a technical consultant to the Company and is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release. Bearing is an exploration and development company. The Li3 Definitive Agreement will enable it to acquire an interest in the advanced-stage Maricunga project located in Chile, which represents one of the highest-grade development opportunities in the Americas. Assuming completion of the transactions contemplated by the Agreement, Bearing will have an undivided 17.7% interest in the project with all expenditures through to the delivery of a Definitive Feasibility Study (DFS) fully-funded by its joint-venture partners. The Maricunga Project has had in excess of US$25 million of exploration to date. FOR FURTHER INFORMATION PLEASE CONTACT: Jeremy Poirier President and CEO Bearing Resources Telephone: 1-604-262-8835 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statements Regarding Forward Looking Information This press release includes certain "forward-looking information" and "forward-looking statements"(collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operating or financial performance of the Company, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this press release relate to, among other things: completion of the transactions contemplated by the Li3 Definitive Agreement, the benefits of the proposed transaction with Li3 to shareholders of Bearing . Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: completion of satisfactory due diligence by each of Bearing and Li3, , the absence of a material adverse change in the Maricunga Property and the receipt of all necessary regulatory and shareholder approvals to complete the proposed transaction with Li3 . Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, Bearing does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law. VANCOUVER, BC / ACCESSWIRE / February 15, 2017 / Sonic drill hole S18 was drilled to a depth of 173 metres and averaged 1,382 mg/l lithium and 11,041 mg/l potassium over a 168-metre sample interval (from 5 metres to 173 metres) with a peak assay of 1,740 mg/l lithium and 13,260 mg/l potassium over a 6-metre sample at 65 metres depth. Please visit http://www.accesswire.com/uploads/25111_a1487128668912_22.jpg to view this image Please visit http://www.accesswire.com/uploads/25111_a1487128669021_84.jpg to view this image Jeremy Poirier, President and Chief Executive Officer of the Company commented: "We are extremely pleased with the results from the current phase of drilling on the Maricunga project. Firstly, all holes have intersected and terminated in high-grade brine at depths below historical drilling. Secondly, the results from the deep exploration hole demonstrates the potential for future resource delineation to depths of 360 metres and beyond. Overall, we believe the project has the potential to host a significant lithium and potassium resource with opportunities for further growth both laterally and at depth." Drilling of hole S19 was by rotary drilling that provides cuttings for lithological logging and for geological interpretation. Sonic drilling of hole S2 and S18 produced cores with close to 100% core recovery. This technique uses sonic vibration to penetrate the salt lake sediments. Brine samples were collected at 6 m intervals during drilling. This involved purging brine from the drill hole and then taking a sample corresponding to the interval between the rods and the bottom of the hole. The brine sample was collected in a clean plastic bottle and filled to the top to minimize air space within the bottle. Brine samples collected following the purging of the holes are homogenized as brine is extracted from the hole using a bailer device. Each bottle was taped and marked with the sample number and details of the hole and the time of the sample were noted. The University of Antofagasta in northern Chile was used as the primary laboratory to conduct the assaying of the brine samples collected as part of the drilling program. They also analyzed blanks, duplicates and standards, with blind control samples in the analysis chain. Additional details of the QA/QC program and sampling procedures are provided in the Lithium Power press releases mentioned. Robert Cameron, P.Geo., who is a technical consultant to the Company and is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release. Bearing is an exploration and development company. The Li3 Definitive Agreement will enable it to acquire an interest in the advanced-stage Maricunga project located in Chile, which represents one of the highest-grade development opportunities in the Americas. Assuming completion of the transactions contemplated by the Agreement, Bearing will have an undivided 17.7% interest in the project with all expenditures through to the delivery of a Definitive Feasibility Study (DFS) fully-funded by its joint-venture partners. The Maricunga Project has had in excess of US$25 million of exploration to date. ON BEHALF OF THE BOARD FOR FURTHER INFORMATION PLEASE CONTACT: Jeremy Poirier President and CEO Bearing Resources Telephone: 1-604-262-8835 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statements Regarding Forward Looking Information This press release includes certain "forward-looking information" and "forward-looking statements"(collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operating or financial performance of the Company, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this press release relate to, among other things: completion of the transactions contemplated by the Li3 Definitive Agreement, the benefits of the proposed transaction with Li3 to shareholders of Bearing . Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: completion of satisfactory due diligence by each of Bearing and Li3, , the absence of a material adverse change in the Maricunga Property and the receipt of all necessary regulatory and shareholder approvals to complete the proposed transaction with Li3 . Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, Bearing does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

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