Lithium Energy Encounters Further Conductive Brines at Solaroz

THE DRILL SERGENT: Lithium Energy (ASX: LEL) announced an encounter with new intersections of conductive brines at the company’s Solaroz lithium brine project in Argentina.

Lithium Energy said reported intersections of highly conductive brines have been encountered at depth in both current diamond drill holes SOZDD002 and SOZDD003 in the northern central section of the Salar de Olaroz basin (Olaroz Salar).

Drillhole SOZDD002 highlights to date include:

▪ Conductive brines being intersected over an interval of approx. 107 metres in the upper aquifer, from a depth of 186 to 293m;

▪ Drilling has now advanced into fractured shales from a depth of 293m (to a current depth of 438m), with highly conductive brines continuing to be encountered at depth as drilling progresses.

Drillhole SOZDD003 highlights to date include:

▪ Conductive brines being intersected over an interval of approx. 107m in the upper aquifer, from a depth of 176 to 283m.

▪ Following drilling through a massive halite (salt unit) layer, the targeted Deep Sands Unit (lower aquifer) has been reached with highly conductive brines having now also been intersected over an interval (to date) of approx. 57m from a depth of 500m to the current hole depth of 557m with highly conductive brines continuing to be encountered at depth as drilling progresses.

“Lithium Energy is very encouraged to have encountered more conductive brines in the second and third holes drilled by the company, following the significant lithium discovery already made at its first drillhole at Solaroz,” Lithium Energy executive chairman William Johnson said in the company’s ASX announcement.

“The thicknesses of the intersections encountered, together with the distance between these two current holes and the maiden lithium discovery made by the company at its first drillhole at the Mario Angel concession provides increasing confidence that extensive occurrences of conductive brines are present at Solaroz.

“The company currently awaits lithium assay results on these second and third holes and on completion of the current initial 10-hole drilling program, the company will move to the establishment of a maiden JORC Resource of lithium at Solaroz.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE