Ann: Exploration Update - Scotty's South, page-3

ASX Announcement
27 January 2017
Analysis of MT Survey at Scotty’s South Results in Strong Resistivity Targets
Caeneus Minerals Ltd (“Caeneus” or “the Company”) is pleased to provide the following exploration update
in relation to its 100% owned Scotty’s South – Sarcobatus Flats Lithium Brine Project (“Scotty’s South” or
“the Project”) in Nevada, USA.
Analysis of the recent Magnetotelluric (MT) survey on the Scotty’s South Project conducted by Zonge
International Inc. has now been completed. The survey has defined a long tabular layer of low resistivity
coupled by a series of large ovoid “blobs” and a very low resistivity anomaly to the east of the claims. This
area is interpreted to have significant potential to host conducive lithium-rich brine aquifers or saturated
clays, or both.
Figure 1: MT Survey at Scotty’s South
Gravity work is now being expedited to integrate with this highly encouraging geophysical data. This survey
will help define basin geometry and map the structurally bounded deep basins which can host lithium brine
or saturated clay / sediment deposits.
The Company notes the recent success of Iconic Minerals (TSXV: ICM) on their Bonnie Claire Lithium Project
which immediately abuts the Company’s claims to the north. Iconic Minerals has demonstrated strong
recoveries associated with the ability to leach lithium from sediments at Bonnie Claire which may represent
a new method of commercial lithium extraction.
For and on behalf of the Board
Steve Elliott
Managing Director