Argentina Lithium & Energy Corp (TSX-V:LIT, OTCQB:PNXLF) has reported positive lithium brine values at its Rincon West Project in Salta Province, Argentina, including a 153 metres (m) interval ranging from 329 to 393 milligrams per litre (mg/l) lithium from the sixth diamond drill hole.
The seventh exploration hole is in final steps to completion, with two additional holes planned, the company noted.
In a statement, Miles Rideout, Argentina Lithium VP of Exploration said: "The new drilling results extend the zone of concentrated lithium brines towards the west and southwest from earlier drill intersections. The remarkable interval from the sixth hole, RW-DDH-006, is our best interval to date, and it is a step-out of 960 m from the prior best intersection reported previously in the fourth hole. With RW-DDH-005, we drilled 1.7 km southwest of the sixth hole, looking for the western limit of the brine zone."
"These large step-outs demonstrate concentrated lithium brines extend broadly through the core of the property. The remaining three drill holes will be located to further delineate the brine aquifer," he added.
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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.
Argentina Lithium & Energy Corp is focused on acquiring high-quality lithium projects in Argentina and advancing them toward production in order to meet the growing global demand from the battery sector.
The company's management has a long history of success in the resource sector of Argentina and has assembled a first-rate team of experts to acquire and advance the best lithium properties in the 'Lithium Triangle'. The company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.
Contact the author at jon.hopkins@proactiveinvestors.com