The maiden hole of a planned 10-hole, 5,000m drilling program has resumed at Lithium Energy’s flagship Solaroz lithium brine project in Argentina.

The top half of the hole already returned the good stuff –~150m of highly conductive brines (between ~65 to 170m) contained mostly in sandstones and fine gravels, which lends themselves to positive porosity and permeability levels for future brine extraction.

This hole was suspended at 177m depth after engaging interlayered carbonate/sandstone. This has now been cleared, allowing drilling to resume, Lithium Energy (ASX:LEL) says.

“The geophysical work to date together with lithology determined through current drilling indicates that the initial approximately 105 metres of conductive brines form an ‘upper aquifer’ with a further significant zone of conductive brines expected to extend in a ‘lower aquifer’ from approximately 177 metres to target drill depth of approximately 300 metres,” LEL says.

“If the lithology remains consistent as expected, this will present as a further outstanding brine intersection.”

Packing sampling is currently being undertaken at a depth of 215m before diamond HQ core drilling continues towards the target depth of 300m.

This is the first hole of a planned 10-hole, 5,000m initial drilling program designed to test LEL’s exploration target of 1.5-8.7 million tonnes of LCE at 500-700mg/L Li for Solaroz.

A Tier 1 neighbourhood

Lithium Energy asx lel
Pic: Supplied

Solaroz (LEL:90%) comprises 12,000ha of highly prospective lithium mineral concessions within the Salar de Olaroz Basin in South America’s “Lithium Triangle” in northwest Argentina.

It is directly adjacent to or principally surrounded by mineral concessions being developed into production by Allkem (ASX/TSX:AKE) and Lithium Americas Corporation (TSX/NYSE:LAC).

This first hole is located ~10km from Allkem’s Olaroz Lithium Facility production bore field and less than 3km from the Maria Victoria concession which was recently acquired by Allkem as a ‘strategic lithium tenement’.

 

 

 

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.