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Lake Resources NL
Summary
| Project: | Kachi | |
|---|---|---|
| Deposit: | Kachi | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 8/9/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-8-2018: Lake Resources NL announces an Exploration/Drilling Update report for its Kachi deposit at the Kachi project. Drilling results incl. 239m @ 306mg/l Li, 1307mg/l Mg, 5998mg/L K from 3m. Argentine-focused lithium exploration and project developmen | |
| 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) has extended drilling activities with results reinforcing the large scale and quality of its 100%- owned Kachi Lithium Brine Project in Catamarca Province. Lithium brine is present in sandy sediments from near surface to over 400m depth in more than 14 rotary and diamond drill holes spaced over 15km across the project. Drilling and seismic geophysical surveying also confirms Kachi is a large-scale partially covered salt lake over an area of at least 22 x 8 kilometres. Recent drill results returned 250-276 mg/L lithium over 42 metres in drillhole K03R12. Best results to date are 306 mg/L lithium over 239 metres (3 – 242m) from hole K03R03 indicating consistent brine chemistry throughout the stratigraphic profile. To date the lithium brines analysed show positive chemistry with low combined impurities (boron, sulphate, calcium, magnesium, iron). Sediments indicate high porosities and permeabilities, with confirmation anticipated soon from core used for porosity assessment. The drilling advances towards an initial resource estimate, anticipated in October, with a further hole planned prior to final estimation. The western area of the basin is being targeted at present for this estimation. A number of sample results are pending from recent drilling, and regular updates will be provided as drilling progresses | |
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