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Orocobre Ltd.
Summary
| Project: | Cauchari | |
|---|---|---|
| Deposit: | Cauchari | |
| Location: | Argentina | |
| Commodities: | Lithium-Potash | |
| Date: | 4/10/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-4-2018: Orocobre Ltd. announces an Exploration/Drilling Update report for its Cauchari deposit at the Cauchari project. JV - Brine drill results incl. 155m @ 476mg/l avg Li, 3775mg/l avg K from 165m. Orocobre Limited (ASX: ORE, TSX: ORL) (“Orocobre” or | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Murray Brooker (Hydrominex Geoscience Pty Ltd.) | |
| ABSTRACT: | Orocobre Limited (ASX: ORE, TSX: ORL) (“Orocobre” or “the Company”) is pleased to provide an update on project developments, including recent results received from the brine sampling of diamond core hole CAU18 in the NW Sector of the Cauchari JV property located in Jujuy Province, Argentina. The exploration program is being managed by JV partner Advantage Lithium Corp. ("Advantage Lithium") (TSX Venture: AAL) (OTCQX: AVLIF) who hold 75% of Cauchari. Orocobre owns the remaining 25% of Cauchari and 29% of Advantage Lithium’s issued capital Managing Director & CEO Mr. Richard Seville commented, “CAU18 in the NW Sector of Cauchari confirms the extension of brine to the northern property boundary with our Olaroz project, intersecting sandy sediments and gravel representing positive extraction characteristics in this area. The Mg/Li ratio is similar to Olaroz, which is very favourable for brine processing. With upcoming results from holes CAU17 and CAU14 the joint venture will update the project resource estimate, to be followed by a Preliminary Economic Assessment (PEA).” | |
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