- Argentina Lithium & Energy Corp. (LIT) has reported positive lithium brine values in two holes at its Rincon West Project in Argentina
- Both holes, RW-DDH-005 and RW-DDH-006, extended a known zone of concentrated lithium brines in the west and southwest direction
- The most notable value included a 153-metre interval ranging from 329 to 393 milligrams per litre of lithium in drill hole RW-DDH-006
- A seventh exploration hole is in the final steps to completion, with two additional holes planned
- Argentina Lithium & Energy Corp. (LIT) is up 6.45 per cent, trading at $0.33 per share as of 1:56 p.m. EST
Argentina Lithium & Energy Corp. (LIT) has reported positive lithium brine values in two holes at its Rincon West Project in Argentina.
Both holes, RW-DDH-005 and RW-DDH-006, extended a known zone of concentrated lithium brines in the west and southwest direction. The holes were completed with diamond drilling to extract core samples of the salar basin formations and recovered brine samples where possible.
Additionally, RW-DDH-005 stopped at 328.4 metres depth in volcanic units. RW-DDH-006 stopped at 329.8 metres depth in a metamorphosed sedimentary unit.
The company stated its most notable value included a 153-metre interval ranging from 329 to 393 milligrams per litre lithium in drill hole RW-DDH-006, the best one recorded at the property to date. The seventh exploration hole is in the final steps to completion, with two additional holes planned.
Miles Rideout, Vice President of Exploration for Argentina Lithium & Energy, commented
“These large step-outs demonstrate concentrated lithium brines extend broadly through the core of the property… three drill holes will be located to further delineate the brine aquifer.”
The Rincon West Project is currently permitted for up to nine exploration drill holes.
Argentina Lithium & Energy Corp. (LIT) is up 6.45 per cent, trading at $0.33 per share as of 1:56 p.m. EST.