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Lithium One Inc. (CVE:LI) reports the delineation of a new zone containing thick halite sequences hosting high grade lithium and potassium brine at the Sal de Vida project, Salar del Hombre Muerto, Argentina.
The press release is quoted as saying:
The five core holes in this new discovery report grades averaging 852 mg/L lithium and 10,181 mg/L potassium within the first 55 metres from surface, with no cut-offs applied. The 50 km2 North Basin is adjacent to, but geologically separated from, the 170 km2 Central Basin where the Company has previously defined an inferred resource1 of 5.4 million tonnes Lithium Carbonate equivalent and 21 million tonnes potassium chloride equivalent (1,470M m3at 695 mg/L Li and 7590 mg/L K).
In addition to the five North Basin holes, the Company has completed two additional infill holes in the Central Basin. Grades of lithium and potassium in Hole SVH11_16 are consistent with the averages reported for the existing Central Basin NI 43-101 inferred resource, while the grades in hole SVH11_22 are more than 20% higher in lithium and over 30% higher in potassium. These results will add confidence and contribute to upgrading the Central Basin resource.
Lithium One’s President and COO, Patrick Highsmith says:
“The higher grade results from the North Basin drilling have outlined a significant new discovery on the Sal de Vida Project, confirming our belief in the project’s development and growth potential. The average lithium content in the North Basin is 23% higher than the grade of the Central Basin inferred resource, and the potassium grade is 35% higher. The North Basin salt body is similar to those hosting the resource being produced by FMC to our west from the same salar, and the giant Salar de Atacama lithium operations in Chile. We expect the North Basin to make a significant contribution to the upgraded Sal de Vida resource expected later this year.”
Click here to access the entire news release.
Click here to access Lithium One’s company profile.(TSXV:LI)