Lithium Energy finds conductive brines at Solaroz Lithium Project

Lithium Energy has encountered conductive brines at both the second and third diamond holes currently being drilled at its flagship Solaroz Lithium Brine Project in Argentina, in the heart of South America’s Lithium Triangle.

Drill holes SOZDD002 and SOZDD003 have intersected conductive brines commencing at depths of 185m and 158m respectively, and geophysics indicates these conductive brines may extend to depths of up to 500 metres – which will be tested by current drilling.

Lithium Energy (ASX:LEL) says these new intersections, together with the prior lithium discovery at the Mario Angel concession in drill hole SOZDD001 around 15 km away support its geological model of extensive aquifers hosting lithium-rich conductive brines present at Solaroz.

Confidence boost for lithium prospectivity

The company’s initial drilling programme will seek to validate the previously announced Exploration Target and define a maiden JORC Mineral Resource of lithium at Solaroz.

“Lithium Energy is very encouraged to have encountered conductive brines in the second and third holes drilled by the company, following the significant lithium discovery already made at its first drillhole at Solaroz,” executive chairman William Johnson said.

“The distance between these two current holes and the maiden lithium discovery made by the company at its first drillhole at the Mario Angel concession provides increasing confidence that extensive occurrences of lithium-rich conductive brines are present at Solaroz.”

LEL will now proceed with progressive sampling and testing of these conductive brines for lithium content and other key parameters, as drilling progresses deeper to test the extent of conductive brines to basin basement.

“On completion of the current initial 10-hole drilling program, the company will move to the establishment of a maiden JORC Resource of lithium at Solaroz,” Johnson said.

This article was developed in collaboration with Lithium Energy Limited, 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.