Neo Lithium (TSXV:NLC) has reported drill geochemical and porosity results from its ongoing drilling program at the Tres Quebradas lithium brine project in Argentina.
As quoted in the press release:
The main target of the 3Q Project until now has been known as the Northern Target, an area originally identified by surface sampling with an average lithium concentration of 895 mg/L and potassium concentration of 7,694 mg/L, and very low critical impurities, that extends over an area covering 4 km by 14 km (please refer to Neo Lithium’s press release on July 20th, 2016 and the Company’s current technical report).
On February 28, 2017, the Company issued a news release providing an update concerning drill results outside the Northern Target, over areas with low lithium content on surface but with significant lithium grades at depth (192 metres with 528 mg/L lithium and 4,797 mg/L potassium with a ratio of Mg/Li=2.6 and Sulfate/Li=0.63). Following these results, the Company extended the drill program south of the Northern Target, defining a new Southern Target with four more platforms and eight holes to be drilled at approximately 300 metres depth. The purpose of this news release is to provide results from another drill hole in the Northern Target and another in the Southern Target.
PP1-D-6: This diamond drill hole is in the southern portion of the Northern Target with a surface brine composition of approximately 600 mg/L lithium. Lithology is composed of porous sodium chloride interlayered with sand and conglomerates from 0 to 55 metres, a massive halite body from 55 to 150 metres and a porous halite/clastic sequence from 150 to 200 metres deep. Chemical results (based on five samples collected from surface down to 200 metres) yielded an average of 683 mg/L lithium and 5,960 mg/L potassium with a ratio of Mg/Li=1.93 and Sulfate/Li=0.49. These results suggest that the lithium content at depth is 10% to 20% higher than at surface in the Northern Target.