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Lake Resources NL
Summary
| Project: | Kachi | |
|---|---|---|
| Deposit: | Kachi | |
| Location: | Argentina | |
| Commodities: | Lithium-Magnesium-Potassium | |
| Date: | 5/28/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-5-2019: Lake Resources NL announces an Exploration/Drilling Update report for its Kachi deposit at the Kachi project. Drilling results incl. 186.0m @ 480mg/L Li, 1650mg/L Mg, 4580mg/L K. Lake Resources NL (ASX: LKE) announced today positive drilling re | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andrew Fulton (Groundwater Exploration Services Pty Ltd.) | |
| ABSTRACT: | Lake Resources NL (ASX: LKE) announced today positive drilling results at Lake’s 100% owned Cauchari Lithium Brine Project in Argentina that compare favourably with adjoining major projects, with initial lithium results from conductive brines sampled in the upper section of the drillhole at around 186m depth (Figures 1-4). Conductive brines with lithium values up to 480 mg/L were returned from a depth of 186m with low Mg/Li ratios. These results echo similar lithium brine horizons in the upper sections of drillholes reported from the adjoining pre-production area of Ganfeng/Lithium Americas (LAC) and Advantage Lithium (AAL)/ Orocobre joint venture. Lake is drilling in the same basin with similar brines and therefore better results are anticipated at depth. The closest drillhole in the Advantage Lithium (AAL)/ Orocobre joint venture is CAU15D, screened from 6-204m with 450mg/L lithium, located approximately 350m from Lake’s drilling area (refer Orocobre announcement and Advantage Lithium announcement 24/04/19). The closest drillhole in the Ganfeng/Lithium Americas (LAC) joint venture is PE-09, with 34 metres at 741 mg/L Lithium from 164m depth, located approximately 500m from Lake’s drilling area. These are accredited results however larger samples will be collected once the hole is completed. The diamond drill rig is now below 255m having passed a challenging section of high fluid pressures and sands around 230m. Lake’s technical team is encouraged that drilling is through this section which has previously caused drilling problems. | |
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