Lithium Energy Ltd (ASX:LEL) has made strong progress toward a maiden mineral resource estimate at the flagship Solaroz Lithium Brine Project in the Lithium Triangle of Argentina, confirming brine occurs in large intersections at solid lithium grades on the property.
The company has received a new batch of assays from the still-pending drill holes SOZDD004 (hole 4) and SOZDD005 (hole 5), which has so far revealed a very large lithium-rich intersection of 473.5 metres of brine, with lithium concentrations up to 508 mg/l to date.
Holes 4 and 5 currently sit at about 787.5 metres and 640 metres of depth respectively, with drilling ongoing.
Potentially “world-class” resource
“Drilling continues to deliver outstanding intersections of lithium-rich brines at Solaroz, with assays confirming 473.5 metres of lithium-rich brines (up to 508mg/l lithium) in SOZDD004 to 647.5 metres depth, with assays for an additional 140 metres (to 787.5 metres depth) in that hole still pending,” Lithium Energy executive chair William Johnson said.
“Total brine intersections for SOZDD005 have also been extended to total 489 metres, with lithium grades so far up to 495 mg/l lithium.
“These drilling results continue to demonstrate the potential for Solaroz to support a world-class resource of lithium and with three rigs soon to be operating concurrently, we are excited to be rapidly advancing towards defining our maiden JORC resource at Solaroz.
“We consider the recently announced Allkem/Livent merger as a clear endorsement of our strategy to rapidly accelerate the development of Solaroz alongside Allkem.”
The Solaroz Project is adjacent to Allkem’s flagship lithium facility in the Salar de Olaroz basin, which holds a mineral resource of some 16.2 million tonnes of lithium carbonate equivalent.
Solaroz drill hole locations within Solaroz concessions in Olaroz Salar (adjacent to Allkem and Lithium America's concessions).