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Bacanora Minerals (TSXV:BCN,LSE:BCN) reported drill results from 22 holes completed at its La Ventana concession at the Sonora lithium project in addition to one hole drilled at its Fleur concession.
Bacanora Minerals (TSXV:BCN,LSE:BCN) reported drill results from 22 holes completed at its La Ventana concession at the Sonora lithium project in addition to one hole drilled at its Fleur concession.
As quoted in the press release, highlights of results included:
- Intercepts of the Upper Clay range from 26.10 to 50.83 metres in length and those for the Lower Clay range from 12.98 to 23.57 metres on La Ventana.
- Analyses received for 18 of the 22 holes indicate that the lithium content of both Upper and Lower clays increases to the south on La Ventana, as well as maintaining grade and thickness down dip at depth. In particular:
- Weighted averages for lithium content in the Upper Clay Unit varies from 955 ppm Li (0.5% LCE(2)) over 41.6 metres (hole LV-19) to 3,215 ppm Li (1.7% LCE) over 17.48 metres (hole LV-27).
- For the Lower Clay Unit, lithium content varies from 1,143 ppm Li (0.6% LCE) over 19.20 metres (hole LV-18) to 5,830 ppm Li (3.1% LCE) over 20.42 metres (LV-27).
- Individual 1.5 metre long samples of clay range up to 10,000 ppm(3) Li (5.32% LCE).
- The single hole drilled on the Fleur concession intersected 7.16 metres of the Upper Clay unit, which averaged 3,107 ppm Li (1.7% LCE) and 25.30 metres of the Lower Clay, which averaged 4,242 ppm Li (2.3% LCE).
Bacanora CEO, Peter Secker, said:
These assay results have confirmed the recently published MRE for the project, with an estimated 1.12 million tonnes (“Mt”) LCE contained in 95 Mt of clay, at Li grade of 2,200 ppm within indicated resource and a further 6.3 Mt LCE contained in 500 Mt of clay at a Li grade of 2,300 ppm within inferred resource. The assays are consistent with our understanding that the Sonora Lithium Project is a high grade and scalable asset which we hope to be able to service increasing global demand for lithium. Over the coming months, we will continue to progress the pre-feasibility study for this exciting asset and look forward to further informing the market as additional updates become available.
Click here to read the Bacanora Minerals (TSXV:BCN,LSE:BCN) press release