Thanks Hellman..... Great positive article & as a result SP will...

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He'sElite

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06/08/23

16:20

Post #: 69186362
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Originally posted by Hellman: ↑

New new article on pump tests,

Positive results obtained in the pumping tests in the Rincón lithium projectArgosy Minerals presented the results of the test pumping work carried out at the Lithium Rincón Project, located in the Province of Salta, Argentina.

The company confirmed its success in the pumping tests to determine if it could pump brine economically from a deep aquifer in Rincón. He also discovered that hydraulic conductivity readings, a measure of the ease with which a liquid can pass through rock or sand, were better than the 350 metres of depth calculated above.Argosy blocked for the first time its PRP-3 and PRP-4 brine production deep drilling at the end of 2022 for long-term testing.Both pumping wells are highly efficient, the company reported when using the staggered test pumping rates: PRP-3 has an efficiency of 96.5%, while PRP-4 recorded 94.5%.Geotechs discovered that the deep sediments to which the company is directed function as an aquifer and that the conditions are adequate so that the brine extraction is probably greater than initially thought.The results of the tests will be used to report an updated estimate of the brine ore reserve, followed by an updated feasibility study.In March, Argosy started the production of lithium carbonate in Rincón and said that at that time he had already produced 5.1 tons of ready-to-batterie material.Jerko Zuvela, General Director of Argosy, stressed that: "we are satisfied with the updated results of the long-term pumping tests, which provide more solid tests of the substantial scale and development potential of our project. The Company looks forward to the completion of other significant upcoming milestones that confirm Argosy's ambitions and its short-term growth phase towards commercial ones."Source: Mining Force with Mining & Development information

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Thanks Hellman..... Great positive article & as a result SP will continue to decline following such good news as it has continued to do so every time good news has been announced..... It's like we're living in the bizzaro world where everything is the opposite of what it should be & backwards ???!!!......

AGY Price at posting: 31.0¢ Sentiment: Hold Disclosure: Held
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