Argentina Lithium (TSXV:LIT) (FSE:OAY3) (OTCQB:PNXLF) drilling extends lithium brine zone at Rincon West, Argentina. The company holds more than 64,000 hectares of claims on four salars in the pro-mining provinces of Salta and Catamarca, Argentina, within the Lithium Triangle, which produces approximately 1/2 of the world’s lithium. Most lithium in this area is in salt lake or salar brines, with Argentina producing approximately 10% of the world's lithium, placing it within the top five global producers.
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Argentina Lithium and Energy Corp. (TSXV:LIT) (FSE:OAY3) (OTCQB:PNXLF) reported positive lithium brine values at its Rincon West Project in Salta Province, Argentina, including a 153 metre interval ranging from 329 to 393 milligrams per litre lithium from its sixth diamond drill hole.
The company holds more than 64,000 hectares of claims on four salars in the pro-mining provinces of
Salta and Catamarca, Argentina, within the Lithium Triangle, which produces approximately 1/2 of the world’s lithium.
Most lithium in this area is in salt lake or salar brines, with Argentina producing approximately 10% of the world's lithium, placing it within the top five global producers.
The Rincon West Project, located west and north of Rio Tinto's adjacent Rincon Project, covers 3742.8 hectares of the salar basin.
Rincon West is currently permitted for up to 9 exploration drill holes.
The current results are from Hole 005 and Hole 006, with Hole 007 in the final steps to completion and two additional holes planned.
Both holes 005 and 006 were executed with HQ-diameter diamond drilling, permitting the extraction of core samples of the salar basin formations, and recovery of brine samples where possible.
The company’s preferred method for brine sampling deploys a 'single packer' sampling unit during drilling, which allows for the recovery of brine samples at specific depths while sealing the hole at the top and bottom of the interval.
This table shows the results from Hole 005
While drilling RW-DDH-005, every attempt at brine sampling with the single packer apparatus failed to recover significant quantities of brine.
Sampling was thus accomplished at intervals during drilling by employing a bailer unit to recover brines from near the bottom of the drilled interval.
A limitation of bailer sampling is that the interval is not sealed above, thus mixing with solutions from upper portions of the hole is probable.
The site geologists believe the lack of brine recovery during packer sampling was likely related to the depth of the phreatic water table in the hole, identified approximately 72 m below the collar.
Apparently the packer airlift system was unable to lift dense brines this height above the phreatic level.
In follow-up sampling, the drill crew was able to recover brines from selected intervals while employing a double packer system.
This table shows the results from Hole 006.
All core samples recovered in drilling were retained for geologic logging.
An extensive selection of samples has been sent for brine recovery testing with the analysis pending.
Miles Rideout, V.P. Exploration, has joined us today to discuss this latest news and what to expect in the months ahead. Welcome Miles
Argentina Lithium & Energy is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.
The shares are trading at $0.38.
For more information, please visit the company’s website, www.ArgentinaLithium.com, contact Corporate Communications at 604-687-1828 or by email at info@ArgentinaLithium.com.
