Additional Drill Rig at Kachi Lithium Brine Project
Brisbane, April 12, 2018 AEST (ABN Newswire) - Lithium exploration company Lake Resources N.L. (
ASX:LKE) ("Lake" or "LKE") has completed the first rotary drill hole to 240 metres with slotted casing in place to 237 metres to allow testing and sampling at the Company's 100%-owned Kachi Lithium Brine Project in Catamarca province, Argentina.
- A third drill rig has started at Lake's 100%-owned Kachi Lithium Brine Project in Catamarca Province, Argentina.
- The additional diamond drill rig will assess the geology and stratigraphy while the other drill rigs are rotary rigs.
- Drilling was completed in the first rotary drill hole to a depth of 240 metres with encouraging indications of conductive brines in thick sandy aquifers. Testing and results will be reported in the coming weeks.
- Lake's Olaroz-Cauchari Project continues to look promising given the recent results from the adjoining leases showing high grade lithium with high flow rates. Lake has progressed with the process to have drilling approved adjacent to this area.
Kachi Lithium Brine Project, Catamarca - Update on drilling
Conductive brines were intersected in two thick sandy aquifers but these horizons have proven challenging to drill with rotary and diamond drill rigs. Testing and results will follow in the coming weeks.
Based on the solid progress being made at Kachi, a third rig - a diamond drill rig - has been deployed and commenced operations adjacent to the second rotary drill rig, 11 kilometres to the south east of the recently completed rotary drillhole to assess whether the same conductive sandy aquifers can be intersected. The diamond drilling company has an excellent track record of drilling brines under salt lakes in Argentina. The intention is to assess which of the three rigs produces the best results and the drilling programme will then be extended based on these outcomes.
Olaroz - Cauchari Lithium Brine Project, Jujuy - Update on nearby drilling results
Further high-grade lithium brine results averaging 476 mg/L lithium with other holes up to 720 mg/L lithium with high flow rates of brines were reported from the leases immediately adjoining Lake's leases at the Cauchari Lithium Brine Project in Jujuy province by Advantage Lithium and Orocobre (ASX:ORE) (OROCF:OTCMKTS).
Lake's subsidiaries have progressed with the process to have drilling approved adjacent to this area and 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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