Power Minerals Begins Resource Definition Drilling on Salta Lithium Project

0

Energy Minerals (ASX: PPN) began a mineral resource definition drilling campaign on the Salta lithium project in the province of Salta, in the lithium triangle of northwestern Argentina.

Local contractor Hidrotec SRL has been contracted to complete drilling in the Incahuasi, Pocitos and Rincon salars to expand Salta’s current global resource of 239,000 tonnes of contained lithium carbonate equivalent grading 313 milligrams per liter of lithium.

Drilling at the Incahuasi salar will include two holes for a total of 1000 meters and is designed to provide an initial mineral resource estimate.

Work is expected to last up to 10 weeks, after which lithium brine and drill core samples will be sent for laboratory testing and chemical analysis.

Incahuasi is located immediately adjacent to Ganfeng Lithium Co’s Mariana Project, which has a measured and indicated resource of 4.4 million tonnes of LCE and an inferred resource of 786,000 t.

Mariana is considered one of the largest lithium deposits in the world.

Pocitos and Rincon

Following drilling at Incahuasi, Power’s rig will move to Salar de Pocitos for the delivery of an initial resource estimate, then to Rincon to expand existing resources.

The Rincon salt flat is adjacent to the Rincon Mining lithium project, which was acquired in March by Rio Tinto for $1.28 billion.

The Salta project consists of seven mining leases covering a total area of ​​147.07 square kilometers spread over five salares.

Power aims to upgrade Salta’s global resources to support future development plans such as direct lithium mining (DLE) operations.

Geophysical survey

In August, Power initiated a vertical electrical sounding (VES) geophysical survey on the Salta project.

The results are expected to play an important role in supporting near-term resource drilling programs and the company’s water management plans, feeding into environmental studies and approvals for Salta’s proposed development.

They will be combined with previous geophysical surveys and the project’s lithium exploration database to refine lithium brine drill targets at Incahuasi, Pocitos and Rincon and identify potential near-surface freshwater in cones. adjacent alluvials for DLE.

Share.

Comments are closed.