Lithium Energy Confirms Lithium Brine Discovery at Solaroz Project
THE DRILL SERGEANT: Lithium Energy (ASX: LEL) reported confirmation of a lithium discovery at the company’s Solaroz lithium brine project in Argentina.
Lithium Energy said it received initial assay results from the first hole of a maiden 10 hole drilling program at the Solaroz project that confirmed levels of lithium brine concentrations in excess of 400mg/l hosted in porous sandstones encountered between approx. 55 to approx. 228 metres depth.
Lithium Energy said it was encouraged by these early assay results, highlighting the lithium concentrations and low Mg/Li ratios, both of which it declared positive in relation to future potential processing options.
The company indicated these lithium grades had been encountered prior to drilling penetrating the primary target zone contained in the previously interpreted ‘Deep Sandstone’ lower aquifer.
“To confirm the discovery of high concentrations of lithium in the brines in the upper aquifer of our first drill hole at Solaroz is a watershed moment for Lithium Energy,” Lithium Energy executive chairman William Johnson said in the company’s ASX announcement.
“It further confirms the potential for the Solaroz project to host a significant resource of lithium brines in what is probably the best location globally to have a lithium discovery.
“With assay results showing that lithium concentrations in this first hole increase at depth, the company is now looking forward to assay results from sampling the target lower aquifer, as drilling continues to its target depth of 400 metres.”
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