Argentina Lithium Announces a 327-metre Lithium Brine Interval at the 13th Exploration Well on the Rincon West Project
Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTCQX: LILIF) reports positive results from the 13th exploration well at its Rincon West Project in Salta Province, Argentina. The well, RW-DDH-13, yielded lithium concentrations ranging from 269 to 340 mg/l over a 327-metre interval. The company is currently completing the 14th diamond drill hole and drilling a rotary well for pump tests.
The Rincon West Project covers 5198.8 hectares adjacent to Rio Tinto's Rincon Project. RW-DDH-13 is the fourth of a planned 6-hole program on the Rinconcita II property. The drilling intersected various formations, including mixed sediments, ignimbrite, sand, clay, and crystalline halite, with sandy units expected to be the most productive for lithium brine extraction.
Brine samples were analyzed by Alex Stewart International Argentina S.A., an ISO 9001:2017 certified laboratory. Quality control measures included blank, duplicate, and reference standard samples.
Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTCQX: LILIF) riporta risultati positivi dal 13° pozzo esplorativo del suo Rincon West Project nella provincia di Salta, Argentina. Il pozzo, RW-DDH-13, ha fornito concentrazioni di litio che variano da 269 a 340 mg/l su un intervallo di 327 metri. L'azienda sta attualmente completando il 14° foro di perforazione a diamante e perforando un pozzo rotativo per test di pompaggio.
Il Rincon West Project copre 5198,8 ettari adiacenti al Progetto Rincon di Rio Tinto. RW-DDH-13 è il quarto di un programma pianificato di 6 fori sulla proprietà Rinconcita II. La perforazione ha intersecato varie formazioni, tra cui sedimenti misti, ignimbrite, sabbia, argilla e halite cristallina, con unità sabbiose che si prevede siano le più produttive per l'estrazione di salamoia di litio.
I campioni di salamoia sono stati analizzati da Alex Stewart International Argentina S.A., un laboratorio certificato ISO 9001:2017. Le misure di controllo qualità includevano campioni di controllo, duplicati e standard di riferimento.
Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTCQX: LILIF) informa sobre resultados positivos del 13° pozo exploratorio en su Rincon West Project en la provincia de Salta, Argentina. El pozo, RW-DDH-13, arrojó concentraciones de litio que varían de 269 a 340 mg/l en un intervalo de 327 metros. La empresa está actualmente completando el 14° agujero de perforación de diamante y perforando un pozo de rotación para pruebas de bombeo.
El Rincon West Project cubre 5198,8 hectáreas adyacentes al Proyecto Rincon de Rio Tinto. RW-DDH-13 es el cuarto de un programa planeado de 6 agujeros en la propiedad Rinconcita II. La perforación intersectó varias formaciones, incluyendo sedimentos mixtos, ignimbrita, arena, arcilla y halita cristalina, con unidades arenosas que se espera sean las más productivas para la extracción de salmuera de litio.
Las muestras de salmuera fueron analizadas por Alex Stewart International Argentina S.A., un laboratorio certificado ISO 9001:2017. Las medidas de control de calidad incluyeron muestras en blanco, duplicados y estándares de referencia.
아르헨티나 리튬 및 에너지 주식회사 (TSXV: LIT) (FSE: OAY3) (OTCQX: LILIF)는 아르헨티나 살타주에 위치한 린콘 웨스트 프로젝트의 13번째 탐사 우물에서 긍정적인 결과를 보고했습니다. RW-DDH-13 우물은 327미터 구간에서 269에서 340 mg/l 범위의 리튬 농도를 나타냈습니다. 회사는 현재 14번째 다이아몬드 드릴 홀을 완공하고 펌프 테스트를 위한 회전 우물을 시추하고 있습니다.
린콘 웨스트 프로젝트는 리오 틴토의 린콘 프로젝트와 인접한 5198.8 헥타르를 차지합니다. RW-DDH-13는 린콘시타 II 소유지에서 계획된 6개의 우물 프로그램 중 네 번째 우물입니다. 시추 과정에서 혼합 퇴적물, 이그님브라이트, 사모, 점토 및 결정질 염화나트륨과 같은 다양한 지층이 교차하여, 사질 단위는 리튬 브라인 추출에 가장 생산적일 것으로 예상됩니다.
브라인 샘플은 ISO 9001:2017 인증을 받은 실험실인 알렉스 스튜어트 인터내셔널 아르헨티나 S.A.에 의해 분석되었습니다. 품질 관리 조치는 공백, 중복 및 참조 표준 샘플을 포함했습니다.
Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTCQX: LILIF) fait état de résultats positifs provenant du 13e puits d'exploration de son Rincon West Project dans la province de Salta, en Argentine. Le puits, RW-DDH-13, a produit des concentrations de lithium allant de 269 à 340 mg/l sur une intervalle de 327 mètres. La société termine actuellement le 14e trou de forage diamanté et fore un puits rotatif pour des tests de pompage.
Le Rincon West Project couvre 5198,8 hectares adjacents au Projet Rincon de Rio Tinto. RW-DDH-13 est le quatrième d'un programme de forage prévu de 6 trous sur la propriété Rinconcita II. Le forage a intersecté diverses formations, y compris des sédiments mixtes, de l'ignimbrite, du sable, de l'argile et de l'halite cristalline, avec des unités sableuses qui devraient être les plus productives pour l'extraction de saumure de lithium.
Les échantillons de saumure ont été analysés par Alex Stewart International Argentina S.A., un laboratoire certifié ISO 9001:2017. Les mesures de contrôle qualité comprenaient des échantillons témoins, des duplicatas et des standards de référence.
Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTCQX: LILIF) berichtet über positive Ergebnisse aus dem 13. Explorationsbohrloch im Rincon West Project in der Provinz Salta, Argentinien. Das Bohrloch, RW-DDH-13, ergab Lithiumkonzentrationen von 269 bis 340 mg/l über einen Intervall von 327 Metern. Das Unternehmen vervollständigt derzeit das 14. Diamantbohrloch und bohrt ein Rotationsbohrloch für Pumpentests.
Das Rincon West Project umfasst 5198,8 Hektar angrenzend an das Rincon-Projekt von Rio Tinto. RW-DDH-13 ist das vierte von einem geplanten Programm mit 6 Löchern auf dem Grundstück Rinconcita II. Die Bohrungen durchdrangen verschiedene Formationen, darunter gemischte Sedimente, Ignimbrite, Sand, Ton und kristallines Halit, wobei sandige Einheiten als die produktivsten für die Lithiumsalzlaugung erwartet werden.
Die Salzlösungsproben wurden von Alex Stewart International Argentina S.A., einem nach ISO 9001:2017 zertifizierten Labor, analysiert. Zu den Qualitätskontrollmaßnahmen gehörten Leer-, Duplikat- und Referenzstandards.
- Lithium concentrations in RW-DDH-13 ranged from 269 to 340 mg/l over a 327-metre interval
- Completion of 13 exploration wells with positive results
- Ongoing drilling of 14th diamond hole and rotary well for pump tests
- Project location adjacent to Rio Tinto's Rincon Project
- Identification of potentially productive sandy units for lithium brine extraction
- None.
TSX Venture Exchange (TSX-V): LIT
Frankfurt Stock Exchange (FSE): OAY3
OTCQX Venture Market: LILIF
"Our most recent drilling is located to test the highly prospective formations of sandy layers interspaced with crystalline halite, located along our eastern property boundary beside Rio Tinto's project. To expand on these recent results, we are currently executing the 14th and final diamond hole of this exploration campaign, and we have begun the rotary drilling that will allow us to begin pump testing on production-scale wells. Our initial exploration model for Rincon West has been borne out by all the results received to date." stated Miles Rideout, V.P. of Exploration.
The results, including sampling method, sample interval data, and brine analyses for RW-DDH-13 are shown in Table 1. Drill collar information is presented in Table 2. An extensive selection of core samples will be sent to an independent laboratory for brine recovery testing.
The Rincon West Project covers 5198.8 hectares of the salar basin, consisting of three property blocks adjacent to Rio Tinto's Rincon Project. Drill hole RW-DDH-13 represents the fourth exploration hole of the 6-hole program planned for the Rinconcita II property, announced in the Company's October 19, 2023 News Release. The Company is currently completing the fifth diamond drill hole (RW-DDH-14), to finalise the exploration drilling along the eastern border of the property block, and is also drilling a rotary well adjacent to RW-DDH-11, in preparation for pump tests.
Figure 1 presents a map of the western (main) block of the Rincon West project showing the positions of the fourteen exploration diamond drill holes and single rotary hole completed and underway in this program (see News Releases dated July 13, 2022, October 3, 2022, October 25, 2022, January 26, 2023, April 24, 2023, May 31, 2023, January 22, 2024 and April 24, 2024. The drill location plot is overlain by a yellow shaded outline of electrically conductive zones delineated by two geophysics campaigns (see News Releases dated May 2, 2022 and October 19, 2023).
Table 1: Interval data and results of brine analyses for lithium, potassium, and magnesium for drill hole RW-DDH-13*
Sample Interval (m) | Sample | Li | K | Mg | Density | ||
From | To | Thickness | (mg/litre) | (g/ml) | |||
30.5 | 33.5 | 3.0 | Single packer | 280 | 5439 | 3986 | 1.194 |
42.5 | 45.5 | 3.0 | Single packer | 313 | 6291 | 3109 | 1.209 |
48.5 | 51.5 | 3.0 | Single packer | 307 | 6073 | 3007 | 1.214 |
60.5 | 63.5 | 3.0 | Single packer | 299 | 5893 | 3723 | 1.200 |
66.5 | 69.5 | 3.0 | Single packer | 316 | 6335 | 3419 | 1.205 |
72.5 | 75.5 | 3.0 | Single packer | 269 | 5753 | 2624 | 1.219 |
78.5 | 81.5 | 3.0 | Single packer | 294 | 6110 | 2647 | 1.216 |
36.5 | 39.5 | 3.0 | Double packer | 313 | 6335 | 3170 | 1.208 |
84.5 | 87.5 | 3.0 | Single packer | 298 | 6178 | 2784 | 1.218 |
90.5 | 93.5 | 3.0 | Single packer | 296 | 6158 | 2729 | 1.218 |
102.5 | 105.5 | 3.0 | Single packer | 277 | 5746 | 2863 | 1.212 |
150.5 | 153.5 | 3.0 | Single packer | 316 | 6840 | 2728 | 1.222 |
192.5 | 195.5 | 3.0 | Single packer | 293 | 6256 | 2649 | 1.221 |
198.5 | 201.5 | 3.0 | Single packer | 317 | 6559 | 2905 | 1.221 |
216.5 | 219.5 | 3.0 | Single packer | 301 | 6266 | 2712 | 1.222 |
210.5 | 213.5 | 3.0 | Double packer | 305 | 6340 | 2758 | 1.222 |
204.5 | 207.5 | 3.0 | Double packer | 306 | 6410 | 2620 | 1.222 |
252.5 | 255.5 | 3.0 | Single packer | 340 | 6667 | 3135 | 1.221 |
258.5 | 261.5 | 3.0 | Single packer | 311 | 6484 | 2633 | 1.222 |
282.5 | 285.5 | 3.0 | Double packer | 299 | 6287 | 2729 | 1.222 |
276.5 | 279.5 | 3.0 | Double packer | 304 | 6430 | 2792 | 1.222 |
300.5 | 303.5 | 3.0 | Single packer | 306 | 6460 | 2731 | 1.222 |
306.5 | 309.5 | 3.0 | Double packer | 301 | 6796 | 2525 | 1.222 |
354.5 | 357.5 | 3.0 | Single packer | 307 | 6495 | 2802 | 1.221 |
*The drill hole was inclined vertically; the brine hosting strata are believed to be flat lying resulting in reported intervals approximating true thickness. |
Drilling Methodology
RW-DDH-13 was executed with HQ-diameter diamond drilling, permitting the extraction of core samples of the salar basin formations and the recovery of brine samples where possible.
Drilling was carried out by Salta-based AGV Falcon Drilling SRL, under the supervision of Argentina Lithium's geologists.
Table 2: Collar and maximum depth information for RW-DDH-013
Hole ID | East | North | Elevation | Azimuth | Dip | Depth |
UTM Zone 19S (WGS84) | (m) | (deg.) | (deg.) | (m) | ||
RW-DDH-13 | 685205 | 7337933 | 3714 | n/a | 90 | 471.5 |
LIT's preferred method for brine sampling deploys a 'single packer' sampling unit during drilling. The packer sampling method allows the recovery of brine samples at specific depths while sealing the hole at the top and bottom of the interval. For single packer sampling, an inflatable seal closes the top of the interval; the lower limit of drilling represents the bottom of the interval. In certain instances, double packer sampling is conducted following the completion of drilling. In this case, inflatable seals are employed to close both the top and bottom of the sample interval. With both methods the Company has opted to recover brine samples over 3 metre intervals.
Geophysical profiling and lining the hole with 2" diameter PVC filters have been completed. All core samples recovered in drilling were retained for geologic logging.
Observations regarding RW-DDH-013
RW-DDH-13 extends drilling eastwards from previous holes, to the northeast corner of the Rinconcita II property on the Rincon salt flat. The hole was drilled to 471.5 m depth. A total 24 brine samples, extracted using the single and double packer methods, were submitted for chemical analysis.
Brine samples collected between 30.5 m depth and 357.5 m depth (the deepest sample) ranged from 269 to 340 mg/l lithium. Over this 327 m interval, 24 single and double packer brine samples were collected from discrete 3 m intervals, totalling 72.0 m of sampling, representing
Drilling from surface to 41 m depth intersected mixed sediments with dominant clay. Altered and fractured ignimbrite was drilled between 41 and 77 m depth. Fine black sand was then sampled to 101 m, followed by clays with sand to 113 m. Crystalline halite (salt) was drilled between 113 and 184 m, though sandy layers were crossed at 151 and 153 m. Fine sand with a clay matrix was drilled from 184 to 191.5 m depth. Crystalline halite was then intersected to 206 m, also containing sandy layers in the lower part of the interval. Medium sand with a clay matrix was drilled between 206 and 228.5 m, interrupted by a layer of crystalline halite between 211.6 and 217 m. A sandy breccia was drilled from 228.5 to 236.4 m, followed by sand in a clay matrix to 242 m. Crystaline halite was drilled from 242 to 295.8 m. Units with fine sands were then intersected to 317 m. Multiple units of clayey breccias were drilled between 317 and 389 metres, followed by multiple massive clay layers to 422 m. Breccias, brecciated ignimbrite and ignimbrites dominated the drilling from 422 m to the bottom of the hole at 471.5 m. The sandy units described in this sequence are expected to be the most productive levels for extracting lithium brine.
Analyses and QA/QC
Samples of brine were submitted for analysis to Alex Stewart International Argentina S.A. ("Alex Stewart"), the local subsidiary of Alex Stewart International, an ISO 9001:2017 certified laboratory, with ISO 17025:2017 certification for the analysis of lithium, potassium and other elements. Alex Stewart employed Inductively Coupled Plasma Optical Emission Spectrometry ("ICP-OES") as the analytical technique for the primary constituents of interest, including boron, calcium, potassium, lithium, and magnesium. Measurements in the field included pH, electrical conductivity, temperature and density.
The quality of sample analytical results was controlled and assessed with a protocol of blank, duplicate and reference standard samples included within the sample sequences. For hole RW-DDH-013 the lot contained two blank and two duplicate samples, which all reported within the acceptable range. Single low-grade, medium-grade and high-grade reference standard samples (3 standards in total) were included within the submitted sample suite. The low-grade reference standard analysed higher than 3 standard deviations (SD) of best value, with 9.5 relative percent difference (RPD); the medium-grade reference standard analysed below 3 SD of best value, with 2.3 RPD; the high-grade reference standard analysed below 3 SD of the best value; with 3.6 RPD.
Qualified Person
Frits Reidel, CPG is a Qualified Person as defined in National Instrument 43-101, is the Principal of Atacama Water Consultants, and is independent of Argentina Lithium. Mr. Reidel has reviewed the work carried out by the Company's exploration team at the early-stage Rincon West property. The disclosure in this news release has been reviewed and approved by Mr. Reidel.
About Argentina Lithium
Argentina Lithium & Energy Corp is focused on acquiring high quality lithium projects in
ON BEHALF OF THE BOARD
"Nikolaos Cacos"
_______________________________
Nikolaos Cacos, President, CEO and Director
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This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's plans for its mineral properties; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company; and future exploration and operating plans are forward-looking statements.
Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the impact of COVID-19; risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
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SOURCE Argentina Lithium & Energy Corp.
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