- ION Energy Limited (ION) is set to commence its maiden exploration program at its Urgakh Naran Lithium Salar Project in Mongolia
- An initial 73 shallow holes are planned
- Potential lithium-bearing clays and evaporites will be sampled in each hole
- ION Energy is committed to exploring and developing Mongolia’s lithium salars
- ION Energy Ltd. (ION) opened trading at C$0.445 per share
ION Energy Limited (ION) will commence its maiden exploration program at its Urgakh Naran Lithium Salar Project in Dorngovi Province, Mongolia.
Ali Haji, CEO of ION Energy spoke about the upcoming exploration program.
“Our team has accomplished so much in the past year: from a new licence acquisition to the closing of a significant public offering. We are now very pleased to be commencing the maiden exploration program at our Urgakh Naran Lithium Salar Project. This is an exciting milestone for the company, and another step in ION Energy’s aggressive growth strategy.”
Highlights:
- Extensive and systematic near surface testing of the UN Salar
- An initial 73 shallow holes are planned with drilling commencing in the coming week
- Hydrogeological sampling of brines intersected
- Geochemical sampling of Salar clays and evaporites
Drilling at the UN Salar located on the 100 per cent owned Urgakh Naran licence in Dorngovi province will consist of 73 shallow auger drilling holes at a wide spacing of 1km X 1km.
Drill holes will be completed to a depth of approximately six metres.
Potential lithium-bearing clays and evaporites will be sampled in each hole as will any lithium brines intersected by this shallow drilling. The main body of the UN Salar is approximately 10km x 3km in size and is highly prospective for lithium. This will be the first systematic testing of the surficial layers and brines associated with the UN Salar.
The company encountered lithium brines in its initial drilling program at the Baavhai Uul Lithium Salar Project. Stratigraphic lithologies and brines intersected in the maiden drilling program will now need to be systematically tested for lithium. A program of hydrological drilling and brine sampling in addition to a program of surface testing of the Baavhai Uul Salars is currently being planned for commencement after the completion of drill testing of the UN Salar.
ION Energy is committed to exploring and developing Mongolia’s lithium salars. ION’s flagship, 81,000+ hectare Baavhai Uul lithium brine project, represents the largest and first lithium brine exploration licence award in Mongolia.
ION Energy Ltd. (ION) opened trading at C$0.445 per share.