Argentina Lithium & Energy Corp. (TSXV: LIT | FSE: OAY3 | OTC: PNXLF) has resumed drilling at its Rincon West Lithium Project in Salta Province, Argentina. In July 2023, the company received the environmental permit to begin exploring the contiguous Rinconcita II concession, representing the eastward extension of the project over the salt flat. The company subsequently completed 12 line-km of ground geophysical surveys on the property and mobilized a diamond drill rig to site. The drill is currently executing the second hole of a six-hole exploration programme.
“The Rinconcita II property extends our holdings eastwards over the salt flat and has not previously been explored. The new CSAMT geophysics demonstrate that all parts of this block exhibit extremely low electrical resistivities at depth, consistent with the presence of brine-saturated formations. The current drill programme is intended to verify the presence and lithium grades of these brines, in order to incorporate them into the resource model we are building for Rincon West.” stated Miles Rideout, V.P. of exploration.
The 460.5ha Rinconcita II mining concession is contiguous to the company’s Rincon West Project, extending the project area eastwards over the salt flat towards Rio Tinto’s Rincon Project. In July 2023, the company completed 12 line-km of Controlled Source Audio-frequency Magnetotelluric (CSAMT) geophysics surveys over the Rinconcita II property, demonstrating the presence of extremely conductive strata (low resistivity) at less than 100m below surface, consistent with formations saturated with lithium-bearing brines. With these results in-hand, the company has engaged AGV Falcon Drilling SRL to drill-test the property to confirm the presence of enriched brines at depth.
With supervision from LIT’s geological team, the brines will be sampled for laboratory analysis, and the core samples extracted during diamond drilling will be tested to determine formation porosity and Relative Brine Recovery. The company anticipates five diamond drill holes to be followed by one rotary drill well for pump testing during this campaign. The company completed the first hole of this campaign during September 2023, and has now begun drilling the second exploration hole.
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