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Lithium Power International Ltd.
Summary
| Project: | Maricunga | |
|---|---|---|
| Deposit: | San Francisco | |
| Location: | Chile | |
| Commodities: | Lithium-Potassium | |
| Date: | 1/17/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-1-2017: Lithium Power International Ltd. announces an Exploration/Drilling Update report for its San Francisco deposit at the Maricunga project. Drilling results incl. 186m @ 1040 mg/l avg Li, 7708mg/l avg K from 12m. Lithium Power International Limite | |
| Resources: | (historical estimates only) | |
| CP/QP: | [Overall Report]: Murray Brooker (Hydrominex Geoscience Pty Ltd.) | |
| ABSTRACT: | Lithium Power International Limited (ASX: LPI) (“LPI” or “the Company”) is pleased to advise the results of the fifth and sixth holes drilled in the Maricunga lithium brine project in northern Chile. Drill hole S3 was drilled near the centre of the “old code” San Francisco tenement, which was acquired by LPI as part of the recent JV formation. The hole was completed to 200m by rotary drilling, and sampled every 6m, over a 186m test interval (from 12m to 198m). S3 is located approximately 2km south from hole M2, and 3km west from hole M10 (see Figure 1). The drilling at S3 returned excellent lithium brine grades, similar to those from the other assay results released at Maricunga to date. Brine samples from S3 averaged 1,040 mg/l lithium and 7,708 mg/l potassium over the 186m test interval. The peak individual assays were 1,240 mg/l lithium and 9,870 mg/l potassium (both at 174m). As for previous drill holes, S3 finished in high-grade lithium brine at depth, hosted within a favourable sand and gravel sequence. The positive assay results for S3 confirm that elevated lithium grades extend all the way across the northern section of the Maricunga salar, from Litio in the east to San Francisco/Salamina in the west. | |
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