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Argentina: LEL Hole 6 Drilling Underway at Solaroz With Third Drilling Rig

Lithium Energy Limited (ASX:LEL) has commenced drilling at the sixth hole at its highly prospective flagship Solaroz Lithium Brine Project in Argentina, in the heart of South America’s world renowned Lithium Triangle.

Solaroz (12,000 hectares) is located on the Salar de Olaroz basin (the Olaroz Salar), where Lithium Energy shares lithium concession rights with lithium majors, Allkem Limited and Lithium Americas Corporation.

Hole 6 is located within the Chico VI concession, along a ~15km zone between SOZDD001 and SOZDD003 where drilling (to date) has encountered massive intersections of lithium-rich brines in the upper and lower (Deep Sand Unit) aquifers of up to 473.5m thick (in Hole 4, with hole completion pending) and lithium concentrations of up to 555mg/l (in Hole 12).

Based on the interpretation of geophysical surveys, Lithium Energy proposes to drill Hole 6 to a target depth of approximately 600m below surface.

There are three drill rigs now operating at Solaroz. Brine sampling followed by geophysical logging for porosity and specific yield measurements are pending at Holes 4 and 51 – the drill rigs at these sites will shortly (after hole completion at Holes 4 and 5) mobilize to commence drilling at new Holes 7 and 8.

With the addition of the third drilling rig the company is rapidly advancing towards defining a significant maiden JORC Resource of Lithium at Solaroz.

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