Argentina Lithium & Energy Corp (TSX-V:LIT, OTCQB:PNXLF) has announced what it called positive lithium brine values from the second diamond drill hole at its Rincon West project in Argentina, which included an “impressive concentrated brine aquifer, tested with packer sampling over approximately 77% of the interval between 182 and 305 metres (m) depths, with lithium values ranging from 337 to 367 milligrams per litre.”
“The results of the second exploration hole demonstrate remarkably consistent lithium grades, when compared to the first,” Argentina Lithium & Energy vice president of exploration Miles Rideout said in a statement.
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“Drilling thus far validates that the adjacent lithium salar extends under our properties, with consistently high lithium grades,” Rideout added.
Argentina Lithium noted the drill program will continue as planned, as the fourth exploration hole is currently in final steps to completion, with the aim of delineating an initial lithium mineral resource.
It added that the property is currently permitted for up to nine exploration drill holes.
The Rincon West project covers 2,951.5 hectares of the salar basin, located west of the adjacent Rincon project owned by Rio Tinto, according to the company.
Argentina Lithium & Energy is focused on acquiring high-quality lithium projects in Argentina and advancing them towards production in order to meet the growing global demand from the battery sector.
The company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.
Contact Sean at sean@proactiveinvestors.com