Lithium Energy is cracking ahead with hole 6 from 10 at its Solaroz project in Argentina
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Further activity from the top of Argentina today as Hole 6 of a 10-hole drilling campaign at Solaroz gets underway.
Lithium Energy’s highly prospective Solaroz project in the Salar de Olaroz basin is encountering massive intersections of brine, with holes 1-5 showing up to 473.5m thick and down to 787.5m deep areas of lithium concentrations of up to 555 milligrams per litre.
Drilling at Hole 6 (SOZDD006) is targeting conductive brines down to depths of 600m below surface.
The hole is located across the Chico VI concession along a ~15km zone between Hole 1 and Hole 3, with the start of drilling making it three drill rigs operational at Solaroz.
Lithium Energy (ASX:LEL) said it was looking to quickly move the remaining two drill rigs to Hole 7 and Hole 8 after receiving pending brine sampling results and completing geophysical logging at Holes 4 and 5.
The addition of the third active drill rig means LEL can more rapidly advance to definition a maiden JORC resource estimate at the project.
Solaroz is located just north of Allkem’s flagship 19.2 million tonne Olaroz brine project which is already in production.
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.