Lithium Energy (ASX:LEL) is set to start drilling at the Mario Angel concession as part of its exploration program at its flagship Solaroz Lithium Brine Project in Argentina in the heart of South America’s ‘Lithium Triangle’.
Solaroz is located directly adjacent to or principally surrounded by lithium majors Allkem Limited (ASX/TSX:AKE) and Lithium Americas Corporation (TSX/NYSE:LAC).
As previously reported, Lithium Energy has been undertaking a series of geophysical surveys over the Solaroz concession area as part of an extensive exploration program towards defining a maiden JORC Mineral Resource of lithium.
Lithium Energy has been undertaking a series of geophysical surveys over the Solaroz concession area as part of an extensive exploration program
Lithium Energy reports that the collection of site data from Transient Electromagnetic geophysics (TEM) surveys undertaken across the Solaroz tenure has now been successfully completed.
The data collected will now be interpreted in conjunction with collected Passive Seismic data, to build up a complete three-dimensional model of the potentially lithium rich conductive brines at Solaroz.
Lithium Energy notes that interpretation of previous results indicate the presence of significant quantities of conductive brines in the Solaroz concession area, with indicated brine thicknesses up to 300m and to depths up to 500m below surface in sections.
Conductive brines such as those currently being mined by Allkem in adjoining concessions are a key pathfinder for the occurrence of lithium in the Olaroz Salar that demonstrate similar geophysical signatures.
The interpretation of the geophysics data collected to date has enabled Lithium Energy to finalise the optimal locations for the commencement of its planned 5,000m drilling program, with the maiden drillhole location now set within the Mario Angel concession.
The proposed first hole is located in close proximity to Allkem’s existing production assets and less than 3km from the Maria Victoria concession, which Allkem recently announced they have entered into a binding and conditional heads of agreement to acquire as a ‘strategic lithium tenement’.
The recent interpretation of geophysics undertaken at this drill location together with its close proximity to Allkem’s production assets, leads Lithium Energy to believe this site to be ‘highly prospective’ for lithium bearing brines.
Siteworks at Mario Angel are now complete ready for the contracted drilling rig to mobilise to site.
Images: Lithium Energy Ltd
