LEXI Begins Next Phase of Lithium Exploration at Antofalla South Project
Key Points in this release:
- Geophysical Exploration Campaign: LEXI initiates a comprehensive geophysical exploration in its Antofalla South Project, marking a significant step in lithium production to support the global energy transition.
- Strategic Expansion: Building on the success of the first well in Antofalla North, LEXI's CEO, Ali Rahman, emphasizes the broadening of LEXI’s footprint in Antofalla by exploring the company’s southern properties.
- Innovative Techniques: Utilizing proven techniques such as 2D magnetotelluric resistivity and 1D transient electromagnetic surveying, the exploration aims to map out brine and changes in porosity across the approximately 4,000-hectare LEA 26 property.
Surface geophysics is an important part of defining brine drilling targets and resources. Electrical geophysics uses variations in physical properties to map out brine and changes in porosity. These techniques have proved highly successful in many brine projects in
The campaign will begin in the almost 4,000-hectare LEA 26 property. There we will carry out 2D magnetotelluric resistivity and 1D transient electromagnetic surveying of more than 200 points throughout the property. Using the data obtained, LEXI will prepare an exploration drilling campaign anticipated to commence in Q4 2023. The geophysics campaign will commence in approximately 10 days, and we expect to have the results by the first week of September.
“With the first well in Antofalla North now complete, and the second well in our Antofalla North Project to commence shortly, we plan to use this momentum to expand LEXI’s footprint throughout the salar by exploring our Antofalla South Project,” stated LEXI’s CEO, Ali Rahman. “We’ve long believed that our southern properties, particularly LEA 26, are a tremendous opportunity to discover and produce the lithium needed to meet the demands of the energy transition.”
The geophysical exploration will involve more than 200 points that will be measured and geo-referenced. Recommendations for exploratory wells will then be made. The area covers salt crust, such as that hosting the adjacent Albemarle lithium project, covering the core of the salt lake. The geophysics will evaluate brine distribution and porosity within the salt and possible extensions off the salt lake below gravels and volcanic units, with resistivity data providing information on brine distribution, and zones with low resistivity anomalies representing aquifers with brines. Shallow salt deposits are known to have very high specific yield porosity and permeability in salt lakes such as Hombre Muerto and Rincon in
The technical content of this news release has been reviewed and approved by Mr. Murray Brooker, RP. Geoscientist 10,086, a consultant of the Company, and a qualified person as defined by National Instrument 43-101.
About Lithium Energi Exploration, Inc.
Lithium Energi Exploration, Inc. is an exploration company focused on the acquisition, exploration, and development of lithium brine assets in
ON BEHALF OF THE BOARD OF DIRECTORS
“Ali Rahman”
________________________
Ali Rahman,
Chief Executive Officer & Director
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This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the results of preliminary testing proving accurate and repeatable over time and at commercial scale; the absence of material changes with respect to the Company and its businesses; possible variations in mineralization, grade or recovery rates; actual results of exploration activities; conclusions of future economic evaluations; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of commodities; fluctuations in currency markets (such as the Canadian dollar to
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Ian Murphy
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(310) 689-6397
Source: Lithium Energi Exploration Inc.