Argentina Lithium & Energy Corp. (TSXV: LIT) has successfully completed the ninth exploration hole at its Rincon West Project in Salta Province, Argentina, returning a 258m interval ranging from 287mg/l to 402mg/l lithium.
Two portions of this interval were not sampled, one length of 42m and a second length of 33m.
“Our ninth exploration hole has returned the highest peak lithium value and longest concentrated brine interval reported to date on the Rincon West project,” Miles Rideout, V.P. of Exploration, said.
“This rich brine zone remains open to the north, clearly demonstrating the requirement to expand drilling in this direction in a future campaign.
“These nine holes have overall produced the results we anticipated when we began exploration a year ago, demonstrating that the concentrated brines from the neighbouring salt flat extend through the western basin.”
CEO, Nikolaos Cacos, said work on Rincon West project has been a great success.
“We acquired our initial property at Salar de Rincon only 20 months ago. We have since added two new property blocks on the salar. With the initial drilling completed on the Villanoveño II block, our team is now working with external consultants to assess all of the data collected and to build a 3D model to support future resource estimation.
“Additionally, our drill contractor is scheduled to begin drilling five holes on the adjacent Rinconcita II block shortly, which should wrap up near the end of this year.
“We will then move our exploration focus to the Company’s third property in the Rincon Salar, the Paso de Sico block further north. Recent developments have shown the Rincon Salar to be one of the standout basins in the Lithium Triangle, with two neighbouring projects now entering production.”
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