Orocobre: Cauchari Drilling Update

Orocobre (ASX:ORE, TSX:ORL) is pleased to provide this update on the brine sampling of diamond core hole CAU22 in the SE Sector of the Cauchari joint venture property located in Jujuy province, Argentina.

As quoted in the press release:

Orocobre Managing Director Mr Richard Seville commented: “Continuing excellent results from CAU22 highlight the understanding of the Cauchari basin and the likelihood the JV can grow the resource base. The Phase III systematic drilling and sampling program has confirmed the extension of mineralised brine below the 300 m depth of the existing resource in the east of the SE Sector, with geophysics suggesting the brine mineralisation extends further east than in the current resource.

The Mg/Li continues to be low in this area, with positive brine chemistry. With four drilling rigs operating, the JV is on schedule with the resource conversion program that aims to upgrade the resource to Measured and Indicated status. Additionally extended pumping tests in test wells CAU07 and CAU11 are commencing, which will give us important hydraulic characteristics to complete the dynamic model for potential reserves.”

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