LEL’s Solaroz project rules the roost with high lithium concentrations ahead of maiden resource
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The Solaroz Lithium Brine Project’s top position in Lithium Energy’s project portfolio appears well-earned after assaying returned positive lithium concentrations in two aquifers.
A review of geophysical hole logging data and assays from its first drillhole found an average lithium concentration of 446mg/l across a 175m intersection from 55m in the upper aquifer with an averaged Specific Yield of 15% and a concentration of 501mg/l across 60m from 265m in the lower Deep Sands Unit with an averaged Specific Yield of 11%.
Importantly for Lithium Energy (ASX:LEL) the positive total porosity and specific yield measurements along with low magnesium to lithium ratios across both acquifers are considered highly favourable for potential future brine extraction.
These measurements will provide important data for the delineation of a maiden JORC resource at Solaroz.
Meanwhile, drilling of the second and third holes at Solaroz is now complete and pending geophysical hole logging and assays results and review while drilling of the next two of the 10-hole program will begin shortly.
The company had previously noted that conductive brines were encountered in second and third diamond holes
The Solaroz project in Argentina is believed to host an extension of the lithium rich brines that sustain Allkem’s (ASX:AKE) nearby Olaroz project, one of the western world’s biggest lithium carbonate suppliers.
It covers 12,000 hectares of ground in the same Salar de Olaroz Basin as and directly adjacent to Olaroz.
These tenements are accessed by good quality road infrastructure while the dry, windy conditions create a favourable environment for the brine-evaporation process.
The area is also serviced by a gas pipeline which intersects the Solaroz Tenements with high voltage electricity supply nearby while road and rail provide access to three major seaports, Buenos Aires in Argentina, Antofagasta and Iquique in Chile.
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.