Argentina Lithium & Energy Corp (TSX-V:LIT, OTCQB:PNXLF) said lithium brine tests at its Rincon West Project in Argentina continue to show positive results with one 178-meter (m) section revealing 241 to 340 milligrams per litre (mg/l) lithium.
The company noted, however, that no sample was collected from 30m of this interval, which is from the seventh diamond drill hole of the current program.
At the Rincon West Project covering 3,742.8 hectares of the salar basin, drill holes RW-DDH-007 and RW-DDH-008 were executed with diamond drilling. The former is an in-fill hole in the south-central portion of the basin while the latter extends drilling to the northwest and infills an undrilled area.
The ninth and final hole of the program was recently completed and laboratory analytical results are not yet available.
"These new results demonstrate the continuity of concentrated lithium brines within our exploration area and expands the area known to host lithium brines to the northwest,” said Miles Rideout, the company’s VP of exploration in a statement.
“The drill program has confirmed the original geophysical interpretation for conductive brine aquifers very well, providing confidence in the potential for future drilling on the extensive untested portions of the geophysical anomaly to continue to potentially extend our zone of lithium-rich brines.”
Argentina Lithium focuses on acquiring high-quality lithium projects in Argentina and advancing them toward production.
Contact the author at jon.hopkins@proactiveinvestors.com