Exciting developments the past fortnight.
MD Steve has been super confident of this diamond rig target and has kept SH extremely well informed
.
Brines intercepted at a commercial grade of 480 mg/l lithium at 186m with brine conductivity of
@225 mS/cm.
Now at 261m there's is an increase of productivity of 26%, being 284mS/cm. This could Indicate an interception of 605 mg/l lithium. Lab confirmations to follow
The main target or prize is an estimated 100m deep sand horizon between 350-450m depth with anticipated higher lithium rates as well. When the confirmed results are released, tenements previously considered purely speculation with an unproven hypothesis will be highly vluable. That hypothesis suggests that lithium peaks near the centre of a salar / salt lake and importantly peaks again on the lake margin and close aluvial cover.
The real news will flow in the next two weeks. Keep in mind this was a speculative play to drill the location against expert opinions and now has the credibility to change the landscape of Argentinean brine plays.
What's truly unrecognised is the value of LKEs massive Kachi Project and drilling in Cautchari in the following months. Kachi is where the future lies for LKE. Anything under $0.14 Is a steal given the assets and steady flow of incredible exploration results.
This company only has upside with a $30 market cap.
Let's not forget the other big winner from this proof of concept - Advantage Lithium / Orocobre. It has shown that the high lithium concentration zones don't taper from a 45° angle towards edge of visible salt like. LKE is proving the conductive bribes continue vertically below the edge of lake alluvial cover. This has the potential to increase Advantage Lithium / Orocobre resources further than the now rejected 45° slope - it's holdings are immediately adjacent to the current LKE drilling. AAL holds several tenements in the salar that cover the alluvial edge of surface salt lake.. A 30% increase in resources is a bonanza for Advantage Lithium. These drilling areas were not being considered for drilling to to miscalculated geographical assumptions.
Cheers DYOR not financial advice
(20min delay)