Xantippe Resources (ASX:XTC) announces the engagement of Conhidro SRL to conduct a Vertical Electrical Sounding (VES) survey at the Carachi Lithium Project, Catamarca Province, Argentina.
The company reports that Conhidro is a recognised Argentinian consulting company which has considerable experience in providing geophysical services for the evaluation of salars in the Puna Region of Argentina.
This program will cover the Luz Maria, La Justina, Fortuna, Fortuna I, La Potola, La Sofia, Rita and Rita I areas. The land holdings are located adjacent to property under exploration and development owned by Lake Resources (ASX:LKE, Kachi Lithium Project), where a Direct Lithium Extraction (DLE) processing pilot plant is being constructed.
The VES geophysical survey program is designed to confirm a previously drilled, highly conductive deeper zone that could be interpreted as a potential lithium brine target; it will also provide guidance for selection of future exploration well locations.
the VES program will consist of 35 survey stations and will provide reliable survey data to determine the extent of the lithium brine reservoir
Xantippe notes that the VES program will consist of 35 survey stations and will provide reliable survey data to determine the extent of the lithium brine reservoir. The program is part of the company’s exploration strategy for the Carachi Lithium Project.
The program is anticipated to take one month to complete.
The company is taking a ‘fast-track’ approach to the project, intending to begin exploration drilling as soon as the VES results and drilling permits are in hand.
Following completion of the ongoing Environmental Impact Report (EIR), drilling permit requests will be submitted for selected exploration well locations.
Xantippe is focused on lithium exploration at the Catamarca Project in Northern Argentina, in the heart of the prolific ‘Lithium Triangle’. With 8 tenements totalling 21,500Ha (215 km-square), bordering billion-dollar market-cap lithium brine explorer and developer Lake Resources.
Xantippe recently acquired 100% of Western Australian company Carolina Lithium, which holds a number of options on lithium tenements in Argentina, through its subsidiary Arlupo SA.
