LEL’s first Solaroz hole hits a thick, juicy zone of highly conductive brines

Lithium Energy is on track for success at its Solaroz project if the significant intersection of highly conductive brines in its maiden diamond drill hole is an indicator.

Hole SOZDD001 intersected about 105m of highly conductive brines from a depth of approximately 65m in sandstones and fine gravels, which are considered positive due to their porosity and permeability for potential future brine extraction.

The high conductivity readings of more than 200 mS/cm along with high brine density readings indicate highly saturated brines, which are very encouraging for the company.

Adding further interest for Lithium Energy (ASX:LEL), while this intersection is interpreted to be located within an upper aquifer, previous geophysics has indicated that further significant zones of conductive brines are expected as drilling progresses through to a ‘lower aquifer’ from current drill levels of approximately 170 m to a target drill depth of about 300m.

Samples from the intersection have been sent to the laboratory for lithium concentration analysis.

“The confirmation of highly conductive brines at our first drill hole at Solaroz is highly encouraging, as it confirms our geological model and recent geophysical survey results which indicated the existence of such conductive brines beneath the Solaroz concessions,” managing director William Johnson said.

Solaroz drill program

Located 10km from Allkem’s (ASX:AKE) Olaroz production field and just 3km from its recently acquired Maria Victoria concession, the diamond drill hole is the first of a high impact 10 hole, 5000m program to convert the massive brine exploration target at Solaroz into resources.

Solaroz currently has a conceptual exploration target of 1.5 to 8.7 million tonnes of lithium carbonate equivalent based at between ~500mg/L Lithium and 700mg/L Li.

Similar conductive brines are currently being mined by Allkem in adjoining concessions, which is a strong indicator that lithium is also present within the brines in the company’s project.

Once drilling of the first well is completed, the company will then carry out geophysical logging to determine the width and physical attributes of the aquifers and case the well to allow it double as a monitoring bore for flow rate testing.

This article was developed in collaboration with Lithium Energy, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.