Drilling Advances at Kachi Lithium Brine Project
Brisbane, Mar 15, 2018 AEST (ABN Newswire) - Lithium exploration company Lake Resources N.L. (
ASX:LKE) ("Lake" or "LKE") has advanced the first rotary drill hole to a depth of 240 metres with encouraging indications of conductive brines in two thick sandy aquifers at the Company's 100%-owned Kachi Lithium Brine Project in Catamarca.
- Drilling has advanced in the first rotary drill hole to a depth of 240 metres with encouraging indications of conductive brines in two thick sandy aquifers at Lake's 100%-owned Kachi Lithium Brine Project in Catamarca Province, Argentina
- The rotary drill hole will continue to a further depth up to 300 metres and then be cased and sampled
- The additional drill rig has commenced operations on a drill hole 6 kilometres to the south east to assess whether the same conductive sandy aquifers can be intersected
- High grade and potentially economic lithium brine results and flows were announced within a short distance of Lake's lease boundary at the Cauchari Lithium Brine Project in Jujuy.
Kachi Lithium Brine Project, Catamarca - Update on drilling
This drill hole will continue to a suitable depth where a clay horizon is intersected up to 300 metres depth and then will be cased, logged with downhole geophysics, and sampled.
The additional larger rotary drill rig has commenced operations on a new rotary drillhole 6 kilometres to the south east of the current drilling to assess whether the same conductive sandy aquifers can be intersected.
Olaroz - Cauchari Lithium Brine Project, Jujuy - Update on nearby drilling
High grade and potentially economic lithium brine results with good flows rates of brines were reported recently from the leases immediately adjoining Lake's leases at the Cauchari Lithium Brine Project in Jujuy province. Advantage Lithium and Orocobre announced the results from their drilling of lithium bearing brines on their adjoining Cauchari Project. It is Lake's intention to target the same aquifers.
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About Lake Resources NL
Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising state-of-the-art ion exchange extraction technology for production of sustainable, high purity lithium from its flagship Kachi Project in Catamarca Province within the Lithium Triangle in Argentina among three other projects covering 220,000 ha.
This ion exchange extraction technology delivers a solution for two rising demands - high purity battery materials to avoid performance issues, and more sustainable, responsibly sourced materials with low carbon footprint and significant ESG benefits.
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