Argentina Lithium drills up to 257 mg/L Li at Arizaro
THE FIRST two drill holes at Argentina Lithium & Energy Corp.’s Arizaro project have encountered lithium-bearing brines below surface in the central area of the salar with values as high as 257 milligrams per litre lithium. A substantial brine aquifer has not yet been reached, but modest volumes of significantly anomalous lithium-bearing brines were
retrieved starting at depths of between 15 metres and 356 metres. The depth of drilling was limited by the drill equipment used; therefore, the company plans to continue drilling in these areas using suitable deeper-drilling equipment following more detailed geophysical and seismic surveys of the Arizaro basin.
“Our model for this property was for a brine aquifer at depth, so we were pleased to have anomalous results in our first two holes,” said Nikolaos Cacos, president and chief executive officer. “These results support the theory of a source aquifer below where we were able to reach, therefore we are continuing our exploration to pinpoint the best location and depth to continue testing.”
Results of sampling are compiled in an attached table.
(See LIT Table 1 on page 3)
Drill program details
Three holes have been drilled on the property, including two in the central claim block (ARI-01 and ARI-02) and one on the south claim block.
Hole ARI-01 ended in sands with highly anomalous values, and the company is optimistic that a higher-grade lithium brine aquifer could still be present at greater depths. ARI-02 ended in massive halite; however, it was not drilled as deep as the first hole. The company plans to execute seismic and controlled-source audio-frequency magnetotellurics (CSAMT) geophysical surveys to better map the depths of the basin and conductive layers that may be related to lithium-bearing brines.
Results for ARI-03 in the southern claim block are incomplete at the time of writing; however, based on preliminary analyses, the remaining samples from the bottom are expected to have similar or lower levels of lithium and potassium to those from the top of the hole.
We seek Safe Harbor.
Karen Baxter condensed this news release (firstname.lastname@example.org).
Nikolaos Cacos, Nick DeMare, Nicolas Galli, Joseph Nicola Grosso, David Andrew Terry
(LIT) Shares: 62,932,432