Mexican Mining

[Lone Clone]

Lithium Australia NL commences drilling for lithium clays in Mexico

http://www.proactiveinvestors.com/companies/news/175967/lithium-australia-nl-commences-drilling-for-lithium-clays-in-mexico-175967.html

21:30 04 Apr 2017


Drilling has commenced in the world renown lithium clay province.


The project is nearby to the world’s largest lithium clay resource


Lithium Australia NL (ASX:LIT) has commenced a 3,000 metre drill program at the Agua Fria prospect located within the Electra lithium clay project in Mexico.

The company is in a joint venture with Alix Resources Corp (CVE:AIX) where Lithium Australia has earned a 49% interest.

The Agua Fria target has been traced 5 kilometres along strike, and has exposed widths of over 800 metres.

Adrian Griffin, managing director, commented: “The Agua Fria target has very significant potential, as demonstrated by Baconora Minerals which has established the world’s largest lithium clay resource, nearby and in the same geological sequence.

“Beneficiation will be a key element in creating a positive commercial outcome, and preliminary work is underway to evaluate how best that can be achieved.”


Drill program details

The drilling program is being undertaken by local drilling contractors utilising a track mounted reverse circulation drill rig that provides good mobility.

The planned duration of the drilling campaign is 44 days.

Laboratory assays will be conducted in Mexico and metallurgical evaluation will be undertaken in Nevada.
Numerous surface samples have returned grades exceeding 1,000 ppm lithium - grades considered to be high in samples of this provenance.