- E3 (ETL) finished drilling its first lithium exploration well on July 7, 2022
- It has since shifted to completion and sampling operations to verify lithium grades and upgrade the project resource toward pre-feasibility
- The company plans to drill its second well next week
- E3 Lithium is developing its inferred Alberta-based resource of 7M tonnes of lithium carbonate equivalent
- E3 Lithium (ETL) is down by 2.26 per cent trading at $2.16 per share
E3 (ETL) finished drilling its first lithium exploration well on July 7, 2022.
It has since shifted to completion and sampling operations, including retrieving brine samples to verify lithium concentrations and production testing to confirm flow rates and deliverability from the Leduc Reservoir.
The well reached its total planned depth of 2,670 m yielding 36.9 m of core sample to quantify reservoir parameters, validate geological modelling, and support the upgrade of the resource from inferred to measured and indicated (the basis of its pre-feasibility study).
On June 28, 2022, E3 received a license to drill its second brine production well to evaluate lithium in the Clearwater Project area near Olds, Alberta. The company expects to begin drilling next week and complete the well by early August for further sampling.
“The progress we’ve made on our evaluation program is the result of significant effort from our geosciences team and the importance Alberta has placed on exploring and producing critical minerals,” said Chris Doornbos, E3’s CEO.
E3 Lithium is developing its inferred Alberta-based resource of 7M tonnes of lithium carbonate equivalent.
E3 Lithium (ETL) is down by 2.26 per cent trading at $2.16 per share as of 10:08 am EST.
