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Lake Resources NL
Summary
| Project: | Kachi | |
|---|---|---|
| Deposit: | Kachi | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 5/22/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-5-2018: Lake Resources NL announces an Exploration/Drilling Update report for its Kachi deposit at the Kachi project. Drilling results incl. 239m @ 309mg/l Li, 1304mg/l Mg from 3m. Argentine-focused lithium exploration and project development company L | |
| 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 report initial 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 in numerous horizons from near surface to at least 400m depth in drill holes spaced 11km apart (Figure 1). Drilling also confirms Kachi is a very large-scale covered salt lake over an area of around 25 x 15 kilometres (375 km2 ). Lake’s Managing Director, Steve Promnitz, commented “The significant scale of the Kachi basin is evident. We believe that there is a covered salt lake with an estimated area over 25 x 15 kilometres, hosting a very large brine body in sandy sediments with good permeability and low impurities. Drilling has intersected multiple brine aquifers. The higher lithium values with a low Mg/Li ratio in hole003 area positive discovery and indicate good potential for future positive results. Three drill rigs are on site in the expanded drill programme to accelerate exploration to produce a resource statement.” | |
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