C29 Metals Ltd (ASX:C29) is expecting assays from its recent drilling campaign at Pocitos 7, Salta Argentina in just seven days.
Assaying is nearing completion from its maiden drill hole.
Just three weeks ago, the company announced that Pocitos 7, which is within the Pocitos salar in the lithium-rich province of Salta, intercepted a brine aquifer zone of at least 30 metres.
The news sent shares 42.11% higher on the day.
Read: C29 Metals higher as first Pocitos 7 diamond hole hits +30-metre brine aquifer; strong flow test
A flurry of news to come
As well as the imminent reporting of assays, C29 is expecting results from tests at the University of Melbourne utilising the Ekosolve™ direct lithium extraction solvent exchange process.
The tests have to clear customs, however, the company expects delivery within about 14 to 28 days.
C29 is also planning a second hole at Pocitos 7 which likely will be supplemented with an audio telluric (CSAMT) geophysics survey that will penetrate to around 500 metres to ensure that DDH2 at Pocitos 7 is optimally located.