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Lake Resources NL
Summary
| Project: | Kachi | |
|---|---|---|
| Deposit: | Kachi | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 6/14/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-6-2018: Lake Resources NL announces an Exploration/Drilling Update report for its Kachi deposit at the Kachi project. Drilling results incl. 51m @ 170mg/l Li, 877mg/l Mg, 3670mg/L K from 354m. Argentine-focused lithium exploration and project developme | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andrew Fulton (Groundwater Exploration Services Pty Ltd.) | |
| ABSTRACT: | Argentine-focused lithium exploration and project development company Lake Resources NL (ASX: LKE) is pleased to provide an update on drill results and ongoing exploration activities at its 100%- owned Kachi Lithium Brine Project in Catamarca Province. The Company can now definitively demonstrate that lithium brine is present from near surface to over 400m depth in drill holes spaced 11km apart (Figure 1) across the project. Drilling and seismic geophysical surveying also confirms Kachi is a very large-scale partially covered salt lake over an area of at least 22 x 8 kilometres (more than 150 km2 ). Brine is interpreted to continue in sandy sediments beneath gravels and volcanic rocks with the potential to increase this area significantly as they may hide the true size of the basin. Lake has been conducting two concurrent phases of drilling operations: 1. Resource and exploration drilling utilising a diamond drill rig to collect drill cores for porosity assessment and to obtain brine samples for resource estimation, and 2. Production well drilling using rotary drill rigs for additional resource estimation data and construction of wells for test pumping purposes. These will be available to pump lithium brine into trial evaporation ponds and test the brine evaporation and chemical evolution under site Lake Resources’ 100%-owned Kachi Lithium Brine Project in Catamarca province, Argentina covers over 50,000 hectares of mining leases owned 100% by Lake’s Argentine subsidiary, Morena del Valle Minerals SA. These are held over the centre of the known Kachi salt lake in the deepest part of the basin. Surface sampling has revealed positive lithium results in brines, which are being explored at depth through the drilling and geophysics programs. | |
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