The company announced results from the latest drilling. Read highlights below and visit company’s web site for more details.
CAU18 Highlights:
-Diamond core hole CAU18 was drilled to a depth of 359 m and intersected extensive sand dominated units, confirming the positive porosity and permeability conditions of the NW Sector extending north from CAU07, CAU16 and CAU15
-For context, recent pump-tests at hole CAU07, which intersected extensive sandy sediments, suggested flow rates of up to 36 l/s may be possible
-Results of nine brine analyses of CAU18 have been received for the interval from 165 m to 320 m depth which consists of sand and halite dominated units
-The nine CAU18 brine analyses averaged 476 mg/l Lithium and 3,727 mg/l Potassium from 165-320 m depth
Average Mg/Li ratio of 2.5:1, very similar to the nearby hole CAU07 (2.3:1) and the producing Olaroz brine project resource (2.4:1) - very positive for utilisation of conventional or other brine processes
President & CEO Mr. David Sidoo commented: “CAU18 in the NW Sector confirms the extension of brine to the northern property boundary with Sales de Jujuy (Orocobre), intersecting sandy sediments and gravel indicating positive extraction characteristics in this area. The Mg/Li ratio is similar to that found across the Olaroz-Cauchari basin, which is very favourable for brine processing.With upcoming results from holes CAU17 and CAU14 the company will update the project resource estimate, to be followed by a PEA on what is Argentina’s only brownfields lithium project.”
AI
