ION Energy Ltd has provided an update on drilling operations at its Urgakh Naran lithium brine project in Mongolia, following the company's previously-announced site visit in September, saying diamond core and water well drilling has begun, and core in addition to brine samples are being collected for assaying and porosity testing.
The lithium project developer noted efforts steadily progress at Urgakh Naran to complete the diamond holes as well as the monitoring wells, allowing the company to progress inferred resource calculations.
“Onsite advancements at Urgakh Naran continue to be highly encouraging and we continue to advance the asset at breakneck speed,” ION Energy CEO Ali Haji said in a statement.
READ: ION Energy kicks off drilling at its Urgakh Naran lithium brine project in Mongolia
“Being able to report on lithology which is indicative of permeability, further validates the low resistivity zones identified by the TEM conducted this summer,” Haji added.
ION also said the drilling of two lithological diamond core holes has been completed at Urgakh Naran with a total depth of 702 metres (m), third hole currently at 185m.
The company added that its site visit concluded in September 2022, with a second visit planned for this month.
Toronto-based ION Energy is advancing the over 29,000-hectare Urgakh Naran lithium brine licence in Dorngovi Province in Mongolia. Its flagship, 81,000-hectare Baavhai Uul lithium brine project represents the largest and first lithium brine exploration licence award in Mongolia.
Contact Sean at sean@proactiveinvestors.com