Orocobre Receives Approval for Exploration Drilling at Salar de Cauchari Project

Orocobre Limited (TSX:ORL,ASX:ORE) reports that South American Salars S.A., 85% owned subsidiary, has received authorization to drill wells on the Salar de Cauchari property.

The press release is quoted as saying:

In accordance with the project’s Environment Impact Assessment (“EIS”) addenda the provincial Director of Mines and Energy Resources has approved a limited program that permits drilling and the construction of related access roads. The objective of the program is to delineate a brine body at the Cauchari Project and to allow a resource estimate to be undertaken.

Orocobre’s Managing Director, Richard Seville, says,

“We are delighted that we have received approval for this important exploratory drilling program at Salar de Cauchari. We look forward to moving quickly to drill our excellent exploration targets. We remain confident that there is potential to add shareholder value by processing Cauchari brines at expanded Olaroz facilities.”

Click here to access the entire press release