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Argentina Lithium & Energy Corp. (LIT), a Canadian junior exploration company, is at the forefront of the global push for a cleaner and greener future. With a focus on acquiring, exploring and developing lithium brine projects located in Argentina, LIT is a member of the esteemed Grosso Group, a resource management team that has been a pioneer in the mineral exploration industry in Argentina since 1993. This esteemed management group has a track record of making four exceptional metal deposit discoveries and expanded its focus to include alternative fuels in the mid-2000s.
In 2016, LIT began its exploration for lithium brines in the salar (salt lake) district of northwest Argentina, part of the district known as the Lithium Triangle. The company identified Argentina as the standout destination for investment due to the plethora of geological opportunities for large-size, low-cost lithium brine production; a favourable political environment, leading to excellent valuations for defined resources and a clear route to production; and a well-developed technical sector providing world-class exploration services at a favourable cost.
The company is focusing its exploration efforts in salar basins where large mid-grade deposits have already been defined. LIT has targeted projects that offer large-scale combined with grade potential in the 300-400 mg/L lithium range. The company currently holds four sizeable project areas, totalling 64,000 hectares of brine properties. These properties combine year-round road access with proximity to high-plains population centres and infrastructure, assisting the operating cost of exploration, development, and eventual production. These general criteria provide LIT with the optimal opportunity to acquire and develop world-class lithium brine projects.
LIT's flagship project, Rincon West, is making impressive progress. The company acquired its initial property at Rincon West in late 2021, located adjacent to Rio Tinto Mining’s massive Rincon Project. Since then, LIT has built on this property position, which currently totals 3,742 hectares. Rincon is a large salar, close to the border with Chile, and a short drive from the local settlements of Olacapato and Estacion Pocitos. The international highway to the Pacific coast runs through LIT’s property on the northern side of the salar.
In early 2022, geophysical imaging was applied at Rincon West, confirming the potential for lithium brines under two thirds of the initial property area. A diamond drill was mobilised to the site in May 2022 and has been operating continuously, currently completing the seventh hole of an initial nine-hole exploration programme. All drilling at Rincon West has sampled enriched lithium brines. Drilling is focused in the central basin area, where excellent brine grades, similar to those reported for the Rio Tinto resource, have been tested over broad intervals.
With these positive results, the company is beginning work on an initial resource calculation for this first area. Additionally, environmental permitting is underway for two more recently acquired parcels at Rincon West, where geophysics and drilling will be employed to expand this resource over the next 18 months. LIT's vision, expertise, and determination to support the global demand for a cleaner, greener future make it a company worth watching in the coming years
Source: Innovationnewsnetwork.com
#Lithium #Energy #Argentina #ElectricalVehicles #Mining
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