Lithium Energy will soon have a clearer picture of what makes its Solaroz lithium brines project in Argentina tick following the completion of electromagnetic surveys.

Data from the transient EM (TEM) geophysics survey will now be interpreted in conjunction with collected passive seismic data to build up a complete 3D model of the potentially lithium rich conductive brines at the project.

Lithium Energy’s (ASX:LEL) interpretation of previous results indicate the presence of significant quantities of conductive brines with indicated thicknesses of up to 300m and at depths of up to 500m below surface in the Solaroz concession area.

This is important as conductive brines such as those currently being mined by Allkem in adjoining concessions are a key pathfinder for lithium in the Olaroz Salar that demonstrate similar geophysical signatures.

Argentina’s “Lithium Triangle” – where Solaroz is located – is well known for its ability to produce lithium brines.

Setting the stage for drilling

Earlier interpretation of the geophysical data has also allowed the company to finalise the optimal drill hole locations for its planned 5,000m drill program.

The proposed first hole is located close to Alkem’s existing producing assets and less than 3km from the Victoria concession, which Allkem recently announced they have entered into a binding and conditional Heads of Agreement to acquire as a ‘strategic lithium tenement.

Site works at Mario Angel, which the company believes to be highly prospective for lithium bearing brines, are completed and ready for drilling.

Drilling will test the extent and grades of lithium mineralisation, porosity and flow rates across the layer(s) of conductive brines which have been identified by the geophysics.

This will in turn be used to develop a maiden JORC resource for Solaroz, which currently has a conceptual Exploration Target of between 1.5 million to 8.7 million tonnes of contained lithium carbonate equivalent based on the company’s assessment of previous exploration undertaken by Allkem and Lithium Americas in the neighbouring area on the Olaroz Salar.

 

 

 

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.