For thousands of other reports visit RSC's Mineral Intellingence Map
Lake Resources NL
Summary
| Project: | Cauchari | |
|---|---|---|
| Deposit: | Cauchari | |
| Location: | Argentina | |
| Commodities: | Lithium-Magnesium-Potassium | |
| Date: | 7/15/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-7-2019: Lake Resources NL announces an Exploration/Drilling Update report for its Cauchari deposit at the Cauchari project. Drilling results - multiple brines intersected over 144m interval. In a major boost for its 100% owned project, Lake Resources N | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andrew Fulton (Groundwater Exploration Services Pty Ltd.) | |
| ABSTRACT: | In a major boost for its 100% owned project, Lake Resources NL (ASX: LKE) announced today the discovery of multiple lithium brines over a zone of 144 metres (from 172 – 316m) at its Cauchari Lithium Brine Project in Argentina. The results show the potential for future production, with Cauchari adjoining other projects advancing towards production in the heart of the Lithium Triangle. Lithium values from 340 to 538 mg/L were returned from multiple high flow brines with low Mg/Li ratios of 2.7- 3.0. The brine zones and target sand horizon were intersected higher in the sequence than expected. The hole was terminated at 460m, after having encountered less permeable clay horizons from 326m with conductive brines at 356m and 386m. Detailed sampling with a packer instrument is underway from 387m up the hole, to be followed by analysis, casing and geophysics, with the rig next to be moved to Lake’s Olaroz Project to start drilling. The brine zones confirm continuity from similar brines in adjoining major billion dollar projects progressing to production from 2020 located in the heart of the Lithium Triangle (see Figures 1-6), including Ganfeng/Lithium Americas (LAC) and the Advantage Lithium (AAL)/ Orocobre joint venture that are attracting significant corporate transactions (refer ASX announcement 28 May 2019 for past results from adjoining projects). | |
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