Orocobre Reports Drilling Results from Cauchari

Orocobre Limited (TSX:ORL,ASX:ORE) announced that a drilling program has finished at its Argentina-based Salar de Cauchari properties.

As quoted in the press release:

A total of 6 holes, comprising 5 diamond and one rotary hole, were drilled vertically to depths between 46.5 and 249 m in the Cauchari properties. CAU002D to CAU005D terminated in units of halite (salt) and interbedded clastic sediments, suggesting this sequence continues at depth

Orocobre’s Managing Director, Richard Seville said:

The assay results confirm the company’s previous expectations that Lithium Americas’ brine body extends into our Cauchari properties and that a resource can be developed at the project to support additional production at the planned Olaroz facilities twenty kilometres north.

Click here for the Orocobre Limited (TSX:ORL) press release.