LIT 0.00% 2.1¢ lithium australia limited

Electra JV: Lithium identified over 1.1km

  1. 308 Posts.
    https://www.equities.com/news/alix-...1-1-km-distance-at-the-electra-project-mexico

    Mike England, president of Alix, stated: "These recent anomalous and enriched lithium values from clay-rich sedimentary sequences on our Tecolote concession are encouraging and bear similarities to Bacanora/REM’s early stage findings at Buenavista. Once we receive the results from the next round of sampling we will likely proceed with a drilling program designed to further explore the lithium potential of this property. We are obviously in the right location and the mineralization to date found on the property is very promising to our exploration team. Our drill campaign will likely include a series of shallow drill holes in key geological targets such as the sedimentary assemblage and also in some alluvium-covered areas. The objective is to discover lithium-rich clay layers similar to that of the Bacanora/REM Buenavista deposit."
 
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