Lithium Energy closes in on Solaroz lithium brine drilling
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Lithium Energy is poised to start drilling at its Solaroz Lithium Brine Project in Argentina as it prepares to wrap up geophysical exploration.
Passive seismic surveys are now largely complete across all Solaroz while transient electromagnetic (TEM) surveys are also well advanced with collected data currently being interpreted.
Lithium Energy (ASX:LEL) has secured a drill rig and plans to start its 5,000m drill programme once it completes the interpretation of data from both the seismic and TEM surveys, which are designed to identify the most prospective lithium brine targets.
The exploration work is aimed at defining a maiden JORC resource for Solaroz, which is surrounded by concessions held by lithium majors Allkem and Lithium Americas Corporation.
Environmental monitoring baseline studies have been undertaken along with local community consultation and the local team has been strengthened with the appointment of an experienced senior geologist.
Solaroz is located within Argentina’s “lithium triangle”, which is known for its ability to produce lithium brines as evidenced by Allkem’s output since 2015.
Lithium Energy previously defined an exploration target for Solaroz of 1.5-8.7 million tonnes of contained lithium carbonate equivalent at concentrations of between 500–700 mg/L of lithium.
Passive seismic across the 12,000ha Solaroz concession area to determine the base of the underlying basement rock, which defines the theoretical depth limit of potential lithium mineralisation, is nearing completion while interpretation of the TEM survey to identify the depth of conductive brines is underway.
This will be followed by drilling to test the extent and grades of lithium mineralisation, porosity and flow rates across layers of conductive brines.
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.