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REM Avarone Metals, Inc.

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Share Name Share Symbol Market Type
Avarone Metals, Inc. TSXV:REM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Bacanora Announces Significant Lithium Carbonate Recoveries From Preliminary Metallurgical Testing

04/11/2013 5:27pm

Marketwired Canada


BACANORA MINERALS LTD. (TSX VENTURE:BCN) ("Bacanora" or the "Company") is
pleased to announce that it has received results of preliminary metallurgical
testing undertaken by the Metallurgical Division of Inspectorate Exploration and
Mining Services Ltd ("Inspectorate") of Richmond, Canada on samples from the La
Ventana Lithium Deposit, Sonora Lithium Project, Mexico. The test work was
conducted on behalf of Bacanora under the direction of Mr. John Fox, P.Eng. The
testing was conducted on a total of 4 samples averaging 9.88 kilograms each. The
samples consisted of split drill core with 2 samples from each of the upper and
lower clay units.


The bench scale testing focused on two process options designed to liberate
lithium into solution from the clays. The first option was pugging with
sulphuric acid followed by a water leach; the second option tested roasting of
the clays with several combinations of reagents with the roasted product leached
with water in order to put lithium into solution. Results of these solubility
tests indicate that the roast-leach process is most favorable as 86.7% of
lithium in the upper clay and 88.6% of lithium in the lower clay was put into
solution.


Test work on the lithium-bearing solutions derived from the roast-leach process
included two stages of evaporation to concentrate the lithium. With the addition
of another reagent to the concentrated solutions a precipitate was formed.
Assays of the precipitate from the upper clay ranged from 14.6% to 15.85% Li or
77.8% to 84.5% lithium carbonate. Precipitate from the lower clay ranged from
15.5% to 16.96% Li or 82.2% to 90.4% lithium carbonate. A summary of the results
are tabulated below.


Table 1. Summary of Preliminary Metallurgical Test Results



---------------------------------------------------------------------------
              Solubility Tests             Precipitation Tests             
---------------------------------------------------------------------------
          Percent Li reporting                                             
                   to solution  Precipitate Assay Li%   Lithium Carbonate %
---------------------------------------------------------------------------
Upper                                                                      
Clay                     86.7%          14.6 to 15.85          77.8 to 84.5
---------------------------------------------------------------------------
Lower                                                                      
Clay                     88.6%          15.5 to 16.96          82.2 to 90.4
---------------------------------------------------------------------------



On the recommendation of Inspectorate, further testing is continuing in order to
optimize reagent ratios, percent of solids in leach pulps and leach time with
the objective of increasing the lithium recoveries from the clays and increasing
the lithium carbonate purity to 99.5% (battery grade). Furthermore, test work
will be initiated on larger "run-of-mine" samples in order to optimize
pre-treatment processes for upgrading clays prior to roast - leach processing.


In addition, test work has begun at Inspectorate on samples from the southern
extension of the La Ventana deposit on the Fleur-Sauz concessions that form part
of the Bacanora/Rare Earth Minerals PLC ("REM") Joint Venture Lands.


Martin Vidal, President of Bacanora, commented: "We are very excited with the
results of the preliminary metallurgical test work. The high recoveries of
lithium carbonate demonstrate that lithium from the La Ventana deposit is
soluble and that lithium carbonate can be produced from the resulting solution
and confirms results already achieved at Bacanora's laboratory. The Company
looks forward to advancing efforts to achieve a commercial grade lithium product
as well as investigating the recovery of other alkali metal compounds."


About the Sonora Lithium Project:

The Sonora Lithium Project consists of the La Ventana, La Ventana 1 and the San
Gabriel concessions which are owned 100% by Bacanora along with the contiguous
El Sauz, El Sauz 1, El Sauz 2, Fleur and Fleur 1 concessions owned 70% by
Bacanora and 30% by REM. The Company has declared inferred resources on each of
the La Ventana concessions and the Bancanora / REM Joint Venture Lands, in
respect of which reports have been prepared in accordance with National
Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101")
(please refer to the Company's SEDAR filings for copies of these reports and
related press releases). Inferred resources have been estimated for the La
Ventana Lithium Deposit totaling 60 million tonnes averaging 3,000 ppm Li
(equivalent to 1.6% lithium carbonate equivalent(1) assuming 100% recovery and
no process losses). Inferred resources for the El Sauz and Fleur concessions
total 88,271,000 tonnes averaging 3,163 ppm Li at a 2,000 ppm cut-off (1.68%
lithium carbonate equivalent assuming 100% recovery and no process losses). The
resource on the Bacanora / REM Joint Venture Lands is open down dip to the east
and to the south. For further details concerning the Company's agreement with
REM and details of the joint venture, please refer to the Company's press
release dated May 22, 2013.


Carl G. Verley, P.Geo. is the Qualified Person pursuant to National Instrument
43-101 that has reviewed and approved the technical contents of this news
release.


(1) LCE = lithium carbonate equivalent (Li2CO3): determined by multiplying Li
value in percent by 5.324 to get an equivalent Li2CO3 value in percent. Use of
LCE is to provide data comparable with industry standards. 


Reader Advisory

Except for statements of historical fact, this news release contains certain
"forward-looking information" within the meaning of applicable securities law.
Forward-looking information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions "may" or "will"
occur. In particular, forward-looking information in this press release
includes, but is not limited to, the potential for a significant lithium
resource to be developed on the Sonora Lithium Project the potential of
liberating lithium from the Sonora Lithium Project into solution and the
potential of increasing lithium carbonate purity. Although we believe that the
expectations reflected in the forward-looking information are reasonable, there
can be no assurance that such expectations will prove to be correct. We cannot
guarantee future results, performance or achievements. Consequently, there is no
representation that the actual results achieved will be the same, in whole or in
part, as those set out in the forward-looking information.


Forward-looking information is based on the opinions and estimates of management
at the date the statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to
differ materially from those anticipated in the forward-looking information.
Some of the risks and other factors that could cause the results to differ
materially from those expressed in the forward-looking information include, but
are not limited to: commodity price volatility; general economic conditions in
Canada, the United States, Mexico and globally; industry conditions,
governmental regulation, including environmental regulation; unanticipated
operating events or performance; failure to obtain industry partner and other
third party consents and approvals, if and when required; the availability of
capital on acceptable terms; the need to obtain required approvals from
regulatory authorities; stock market volatility; competition for, among other
things, capital, skilled personnel and supplies; changes in tax laws; and the
other risk factors disclosed under our profile on SEDAR at www.sedar.com.
Readers are cautioned that this list of risk factors should not be construed as
exhaustive. 


The forward-looking information contained in this news release is expressly
qualified by this cautionary statement. We undertake no duty to update any of
the forward-looking information to conform such information to actual results or
to changes in our expectations except as otherwise required by applicable
securities legislation. Readers are cautioned not to place undue reliance on
forward-looking information.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Bacanora Minerals Ltd.
Shane Shircliff
Chief Executive Officer
(306) 649-0602


Bacanora Minerals Ltd.
Martin Vidal
President
(+52 662) 210-0767
www.bacanoraminerals.com

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