For thousands of other reports visit RSC's Mineral Intellingence Map
Argosy Minerals Ltd.
Summary
| Project: | Rincon | |
|---|---|---|
| Deposit: | Rincon | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 2/13/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-2-2018: Argosy Minerals Ltd. announces an Exploration/Drilling Update report for its Rincon deposit at the Rincon project. Drilling results incl. Avg. 446mg/l Li over 8 samples from 3m. Argosy Minerals Limited (ASX: AGY) (“Argosy” or “Company”) is plea | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andrew Fulton (Internal) | |
| ABSTRACT: | Argosy Minerals Limited (ASX: AGY) (“Argosy” or “Company”) is pleased to announce further progress of drilling and additional positive analytical results at the Rincon Lithium Project located in the “Lithium Triangle” in Salta Province, Argentina, following a site visit by the Company’s Australian consulting hydrogeologists. Commenting on the results, Argosy Managing Director, Jerko Zuvela said “Resource drilling has intersected very significant thicknesses of black sand beneath the surface halite layer, which is very positive for our upcoming JORC resource estimate and planned Preliminary Economic Assessment (PEA/Scoping Study). Confirmation of higher average lithium brine grades in the area closest to the Stage 2 evaporation ponds is also positive for our fast-track production strategy as we continue to progress the Stage 2 development w Argosy’s JV partner, Pablo Alurralde commented “The drilling results have confirmed greater brine bearing thickness and confirmation of a thick sequence of black sand in the Project area is very positive for future brine extraction requirements. Overall, our progress to date is extremely encouraging and I look forward to meeting our development milestones.” The Company has been conducting two concurrent phases of drilling operations – resource exploration drilling utilised a diamond drill rig to collect drill cores for porosity assessment and to obtain brine samples for resource estimation, and production well drilling using a rotary drill rig for construction of wells for pumping of lithium brine into the Stage 2 evaporation ponds.orks.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report