Today’s announcement was still a positive.
Even though the market didn’t show it.
Progress is still being made
From NRGs announcement Jan 23...
As previously reported, the first hole was drilled to a depth of 307 meters. Samples were reported from 172 to 198 meters and averaged 189 mg/l Li (lithium),
The first hole at Salar Escondido has confirmed the presence of significant lithium mineralization and provided important information to guide the next phase of drilling and process development. Most importantly, the results have confirmed the target concept that Salar Escondido has the potential to host a significant lithium deposit. Given the history of lithium exploration at other salars in Argentina, the Company believes that the potential to encounter higher grades at greater depths is feasible.
Salar Escondido is directly N.E of Kachi tenement in the same basin and NRG are planning their 2nd drill target.
I’m not a geologist, but Lakes tenement looks to be better positioned in the Salar, directly over the salt flat and NRG is over sandy gravel... as shown on both their websites.
Now it’s Lakes turn to hit the 300m mark with a bigger rig , hopefully ASAP, and hit a feasible lithium grade.
It’s still early days and I believe it’s a winner long term
GLTAH
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