Blue Eagle Lithium Heats Up

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Blue Eagle Lithium, Inc. has been on a fast rise in recent months from its base just over $0.50 the stock has seen recent highs near $1.50. BEAG has quickly transformed into a volume leader on the back of a 16-page hard mailer from Lee Bellinger at the Off Grid Confidential. According to the mailer “In an effort to enhance public awareness of Blue Eagle Lithium Inc. and its securities, Pinnacle Media Ltd. (Payor) provided advertising agencies with a total budget of approximately one million, three hundred forty-five thousand, four hundred fifty-two dollars to date to cover the costs associated with creating, printing and distribution of this advertisement.”

BEAG went public last year via a reverse merger with Wishbone Pet Prods Inc., and is focused on becoming a significant player in the lithium enriched Railroad Valley, Nevada.

Blue Eagle is a lithium exploration company engaged in identifying, evaluating, and developing early-stage lithium exploration opportunities in North America. The company’s initial property is located in Railroad Valley, Nevada, a highly prospective green-fields Petro-Lithium brine target area that features many similarities to the nearby Clayton Valley and which the company believes warrants an extensive exploration program. The company has a 100% Working Interest in 276 placer claims. The claims cover 5,520 acres (~2,223 hectares). Blue Eagle Lithium is a publicly traded (otc markets:BEAG) Blue Eagle’s team comprises experienced leaders that represent over 60 years of industry experience in the energy, financial, and geology fields.

Blue Eagle has a 100% Working Interest in 276 placer claims in Railroad Valley, Nevada, a highly prospective green-fields lithium brine target in the heart of the Basin and Range geologic province. The staked claims cover 5,520 acres (~2,223 hectares) over a large portion of Railroad Valley’s dry lakebed (playa), and are ready for the next phase of lithium exploration. Blue Eagle’s Railroad Property warrants surface and shallow drilling evaluation for possible surface-mineable lithium-rich units based on various sources of geological data, including: Extensive lithium-rich shales, Mudstones outcropping & tested to shallow depth in nearby lithium-producing Clayton Valley, Shallow fine-grained sediments including mudstone, shale and volcanic ash units, Recent surface sampling within the Railroad Valley. The primary exploration target within the Railroad Property would be more recent playa sediments, mostly within 2,000 feet (610 meters) of the valley’s surface. Test wells will be drilled to provide lithologic data and lithium analysis samples.

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The Railroad Valley is emerging as potentially one of the largest brine potentials in Nevada, with an area of six times greater than the Clayton Valley lithium producing area located at Silver Peak, west of Tonopah, Nevada. Sampling by other landholders in Railroad Valley have returned encouraging values of lithium in both surface soil samples and shallow brines (Macarthur Minerals, December 26,2017).

Earlier this year BEAG secured an agreement to expand its existing holdings in Railroad Valley, Nevada. The agreement provides for the acquisition of an additional 1,000 acres contiguous to the Southwest portion of its current property bringing the Company’s total land package in Railroad Valley to 5,000 acres (~2,023 hectares). Following a strategic review of its existing property portfolio, including its initial baseline soil-sampling program, completed National Instrument 43-101 report in late 2018 and most recently, announced results from its detailed surface soil and water sampling program, the Company believes that the additional claims will allow it to continue its current exploration program beyond its existing boundaries and increase the potential targets for a drilling program.

As part of this extra land agreement, the Company also holds an exclusive option to acquire an additional 520 acres contiguous and adjacent to the south of the 1,000 acres within this agreement. This option is valid for 30 business days from the date of the Closing of this agreement. If the option is exercised, the Company’s land holdings within Railroad Valley will total 5,520 acres.

On June 31 Blue Eagle updated shareholders on the current activities on site. Rangefront Geological has commenced a baseline soil sampling program covering its original 4,000 acre land position in Railroad Valley and its recently acquired 1,520 acres which has received only limited evaluation to date. The field team has continued to drive forward with its work program and has fully commenced an onsite orientation geochemical and mapping program verifying the lithologies exposed on surface within and near the claim blocks. A senior geologist from Rangefront last week was mobilized to initiate work on the property with the aim to gather surface clay and brine samples whilst investigating the possibility of a large-scale surface sampling program to evaluate promising brine targets at shallow depths.

This phase of the work commenced June 13, 2019 and is expected to be completed within a further two weeks, weather permitting. Seven test pits were completed this week to test materials for further hand auger testing; this will be followed by larger scale analysis, research, and recommendations. Of the several sampling pits that have been dug, the team have determined surface lithogy to be sandy in nature, necessitating deeper trenching and auger drilling to reach projected shaley horizons and potential shallow brines that will be sampled for lithium content. Upon completion of the current phase, the company will continue to collate available data whilst the most recent soil samples are sent for analysis. Providing further positive results are received, the company will then look to refine the gravity profiling and obtain magnetic and Seismic data if required, it will then apply for necessary permits to commence the drilling of up to 15 holes using a shallow rig to 50m depths.

Currently trading at a $102 million market valuation BEAG has little assets or revenues and manageable debt. The Company has been expanding its existing holdings in Railroad Valley, Nevada recently acquiring 1000 acres contiguous to the Southwest portion of its current property bringing the Company’s total land package in Railroad Valley to 5,000 acres. The Railroad Valley is emerging as potentially one of the largest brine potentials in Nevada, with an area of six times greater than the Clayton Valley lithium producing area located at Silver Peak, west of Tonopah, Nevada. Sampling by other landholders in Railroad Valley have returned encouraging values of lithium in both surface soil samples and shallow brines. BEAG is also a hard mailer promotion with a $1.45mm claimed budget.

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