• E3 Lithium (ETL) has announced the sample results from its first well, demonstrating lithium concentrations within an area of the Leduc Aquifer
  • The P501 lithium concentration from E3 Lithium’s (E3) first well is 76.5 mg/L
  • This well is the first of three designed to understand the aquifer’s production properties and lithium concentrations in an area not previously tested
  • The results demonstrate consistent and continuous lithium concentration across the Leduc Aquifer
  • E3 Lithium is a development company with a total of 24.3 million tonnes of lithium carbonate equivalent (LCE) inferred mineral resources
  • E3 Lithium Ltd. (ETL) opened trading at C$2.05

E3 Lithium (ETL) has announced the sample results from its first well, demonstrating lithium concentrations within an area of the Leduc Aquifer.

Based on brine samples retrieved from five zones, the P50 lithium concentration from E3 Lithium’s (E3) first well is 76.5 mg/L.

This well is the first of three designed to understand the aquifer’s production properties and lithium concentrations in an area not previously tested. This well was completed near the centre of the Clearwater Project Area and is a candidate location for E3’s first commercial operation. E3 retrieved samples of brine from five separate intervals to provide a vertical perspective of lithium concentrations across the 200 metres of the producible aquifer in this area outlined in Figure 1.

A production test was also completed.

The lithium concentrations from E3’s first well are slightly higher than other parts of the aquifer, with historic sampling results ranging from 74 mg/L to 78 mg/L. Most importantly, however, the results demonstrate consistent and continuous lithium concentration across the Leduc Aquifer, which is fundamental for commercial operations.

“This historic well, which was the first of its kind in Alberta drilled for the purposes of evaluating lithium, proves consistent lithium concentrations continue into this part of the aquifer,” said Chris Doornbos, President and CEO of E3 Lithium. “This data validates our model, supports our resource upgrade from Inferred to Measured and Indicated, and increases our confidence in the global significance of the Bashaw District as an emerging lithium jurisdiction in western Canada.”

Figure 1: Sampling Intervals and Lithium Concentrations from E3 Lithium’s First Well (CNW Group/E3 Lithium)

The brine samples were analyzed by a third-party certified laboratory, following independently verified sample acquisition procedures that maintained a strict chain of custody in accordance with The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) guidelines.

Sample analysis from E3’s second well is currently underway, and sampling of E3’s third well, which was acquired from a third party, will follow. Results from both wells will be reported once complete.

E3 Lithium is a development company with a total of 24.3 million tonnes of lithium carbonate equivalent (LCE) inferred mineral resources in Alberta.

E3 Lithium Ltd. (ETL) opened trading at C$2.05.


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