Skip to main content

BARREL ENERGY UPDATE ON TITAN SOUTH PROJECT

Las Vegas, NV., Jan. 31, 2024 (GLOBE NEWSWIRE) — Barrel Energy Inc., (OTC Markets: BRLL) (the “Company” or “BRLL”) is pleased to announce that it received a report detailing a completed multispectral Advanced Spaceborne Thermal Emission and Reflection radiometer (“ASTER”) analysis across a portion of the Titan South Lithium Project area in Tanzania.

The ASTER information is a type of spectral and thermal remote sensing data collected from satellites which has proven to be an important tool in geological exploration for several decades. Such multispectral analysis has been employed to locate mineral assemblages that correlate with mineral deposits worldwide.

With respect to potential lithium deposits, ASTER data has been successfully utilized within the Salar de Atacama in Chile to map key lithological and mineral pathfinder components of this large lithium-bearing playa such as altered rocks and hectorite bearing clays. As well, within the southwest U.S., spectral anomalies have been identified which highlight the mineral assemblages of accessory and lithium hosting sediments over several of the large known lithium resources in this large region.

Click here for high-resolution image

Figure 1 shows hectorite, illite and other accessory minerals anomalies over the large 21.5-million-ton Lithium Carbonate Equivalent (LCE) McDermitt resource currently under exploration by Jindalee Lithium. The McDermitt project sits approximately 22miles (35kms) north of the 19.5-million-ton LCE resource of the Thacker Pass deposit.

Click here for high-resolution image

Figure 2 shows the results of the examination of the north portion of the Titan South prospecting license, along with a portion of the adjacent Titan project. Key targeted minerals were such as hectorite, illite, analcime and albite were identified on the Titan South ground, of which both illite and hectorite appear to be the dominant minerals.

The study was initiated and completed by Dr. Elisante Mshui from the School of Mines and Geosciences at the University of Dar es Salaam in late 2023. This analysis was implemented using a USGS sourced library of data to locate potential lithium bearing prospects within Tanzania and was conducted completely independently of our work in the area.

Click here for high-resolution image

Figure 3 shows the spectral mineralogical data from the Titan South project projected at the same scale with the data from the McDermitt site, one of the largest lithium resources in the U.S.

Much of the Tian South Project remains unexplored and untested, however, we note that the observed robust spectral anomalies at Titan South (see Figure 2) cover an area much larger than our sampling has covered. Further spectral analysis will be conducted to cover the entire license area, however, the current data provides Barrel a excellent ground map as to where to continue geochemical studies and drilling in 2024.

The Company would also like to announce it has acquired Titan North. Both Titan North and Titan South will be held in BRLL’s subsidiary Kilimanjaro Battery Metals Company Ltd. (KBM)
The annual rents for both PL’s were paid for in December 2023, we are waiting for the original PL’s from the Ministry of Mines, upon receipt the PL’s will be uploaded to the BRLL website.

About Barrel: Barrel Energy Inc., (OTC Markets: BRLL) is focused on several ventures within the green energy and battery minerals sector and the rapid development of valuable production opportunities throughout North America and abroad.

Contact:

Harp Sangha-Chairman

sanghaharp1964@gmail.com                        

+1-702-595-2247

www.barrel.energy

Forward-Looking Statements:

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers.  Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company’s business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company’s periodic filings with the Securities and Exchange Commission.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.