Lithium Energy picks up the pace with Solaroz resource drilling
Lithium Energy is progressing its 10 hole drill program at its flagship Solaroz lithium brine project in Argentina with the second and third holes now underway.
The 5,000m drill program is targeting conductive brines identified by geophysics to depths of up to 500 metres below surface in order to validate the exploration target and define a maiden JORC resource at Solaroz.
Solaroz is a potential extension of the lithium rich brines that sustain Allkem’s (ASX:AKE) nearby Olaroz project, one of the western world’s biggest lithium carbonate suppliers.
Lithium Energy’s (ASX:LEL) first hole had returned cumulative lithium brine intersections of up to 235 metres, with lithium concentrations of up to 555mg/l and low measured magnesium to lithium ratio which is a positive for future processing.
Recent interpretation of geophysical surveys undertaken at the next two drill hole locations suggest that they are also highly prospective for lithium bearing brines.
The two holes – SOZDD002 and S00DD003 – are located on the Chico V and Chico 1 concessions respectively.
Interpretation of geophysics indicates that fresh/brackish water is likely to be encountered within the first 150m to 170m for both holes, with more conductive brines expected below to a depth of between 450m and 500m.
Packer sampling of brines will be routinely undertaken as the hole proceeds to target depth with testing of brines for conductivity, flow rates and density will be undertaken in the field while testing of the chemical composition of brines will be undertaken at a local laboratory.
Core samples (at approximately 8 metre intervals) will also be collected for brine extraction and chemical analysis and specific yield and porosity testwork at a US-based laboratory.
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.