TSX Venture Exchange (TSX-V): LIT
Frankfurt Stock Exchange (FSE): OAY3
OTCQB Venture
Market: LILIF
VANCOUVER, BC, Jan. 29,
2025 /CNW/ - Argentina Lithium & Energy
Corp. (TSXV: LIT) (FSE: OAY3) (OTCQB: LILIF), ("Argentina
Lithium" or the "Company") reports positive results from
the fourteenth exploration well at its Rincon West Project in
Salta Province, Argentina. Sixteen representative 2.5 or
3 m brine samples collected over a
225-metre interval of RW-DDH-14 ranged from 277 to 379 mg/l
lithium.

"The fourteen exploration wells drilled at Rincon West have
validated our belief that the property has competitive grade
potential. All drill holes have demonstrated mid-grade brines,
validating our interpretation of the conductive formations
identified during geophysical targeting." stated Miles Rideout, V.P. of Exploration. "Our team
is currently working on the resource model for the initial
exploration area, located on the west side of the Rincon salt flat
adjacent to Rio Tinto's Rincon Project. This resource work
incorporates results from pump tests currently being completed on
the project's initial rotary well. Additional rotary wells are
planned for the project, subject to permit approval. The provincial
ministry is currently reviewing the drill permit application for
the eastern Don Fermin block, which
has had no previous drilling but has extensive geophysical
responses suggesting subsurface conductive targets are
present."
The results, including sampling method, sample interval data,
and brine analyses for RW-DDH-14 are shown in Table 1. Drill collar
information is presented in Table 2. An extensive selection of core
samples has been sent to an independent laboratory for brine
recovery testing.
The Rincon West Project covers 5198.8 hectares of the salar
basin, consisting of three property blocks adjacent to Rio Tinto's
Rincon Project. Drill hole RW-DDH-14 represents the fifth
exploration hole of the 6-hole program planned for the Rinconcita
II property, originally announced in the Company's October 19, 2023 News Release. The Company is
currently completing a long-duration pump test at the sixth hole
(RW-RT-01), a deep rotary well drilled beside RW-DDH-11.
Figure 1 presents a map of the western (main) block of the
Rincon West project showing the positions of the fourteen
exploration diamond drill holes and single rotary hole completed at
Rincon West (see News Releases dated July 13, 2022, October 3,
2022, October 25, 2022,
January 26, 2023, April 24, 2023, May 31,
2023, January 22, 2024,
April 24, 2024.and October 1, 2024). The drill location plot is
overlain by a yellow shaded outline of electrically conductive
zones delineated by two geophysics campaigns (see News Releases
dated May 2, 2022 and October 19, 2023).
Table 1: Interval data and results of brine
analyses for lithium, potassium, and magnesium for
drill hole RW-DDH-14*
Sample interval
(m)
|
Sample
Method
|
Li
|
K
|
Mg
|
Density
|
From
|
To
|
Thickness
|
|
(mg/litre)
|
(g/ml)
|
24.5
|
27.5
|
3.0
|
Single
packer
|
288
|
5695
|
2643
|
1.195
|
36.5
|
39.5
|
3.0
|
Single
packer
|
294
|
5716
|
2797
|
1.19
|
30.5
|
33.5
|
3.0
|
Double
packer
|
289
|
5641
|
2711
|
1.189
|
42.5
|
45
|
2.5
|
Single
packer
|
277
|
5403
|
2695
|
1.186
|
48.5
|
51.5
|
3.0
|
Single
packer
|
285
|
5548
|
2725
|
1.187
|
66.5
|
69.5
|
3.0
|
Single
packer
|
355
|
6836
|
3186
|
1.215
|
54.5
|
57.5
|
3.0
|
Double
packer
|
353
|
6777
|
3207
|
1.215
|
72.5
|
75.5
|
3.0
|
Single
packer
|
357
|
6881
|
3207
|
1.216
|
84.5
|
87.5
|
3.0
|
Single
packer
|
363
|
7013
|
3302
|
1.216
|
114.5
|
117.5
|
3.0
|
Single
packer
|
379
|
7548
|
3178
|
1.219
|
120.5
|
123.5
|
3.0
|
Single
packer
|
377
|
7521
|
3166
|
1.22
|
132.5
|
135.5
|
3.0
|
Single
packer
|
371
|
7444
|
3131
|
1.22
|
138.5
|
141.5
|
3.0
|
Single
packer
|
362
|
7282
|
3135
|
1.219
|
144.5
|
147.5
|
3.0
|
Single
packer
|
357
|
7146
|
3145
|
1.22
|
240.5
|
243.5
|
3.0
|
Single
packer
|
335
|
6833
|
2850
|
1.218
|
246.5
|
249.5
|
3.0
|
Single
packer
|
364
|
7419
|
3047
|
1.217
|
340.0
|
380.0
|
40.0
|
Single
packer
|
177
|
3644
|
1100
|
1.176
|
*The drill hole was
inclined vertically; the brine hosting strata are believed to be
flat lying resulting in reported intervals approximating true
thickness.
|
Drilling Methodology
RW-DDH-14 was executed with HQ-diameter diamond drilling,
permitting the extraction of core samples of the salar basin
formations and the recovery of brine samples where possible.
Drilling was carried out by Salta-based AGV Falcon Drilling SRL,
under the supervision of Argentina Lithium's geologists.
Table 3: Collar and
maximum depth information for RW-DDH-14
|
Hole
ID
|
East
|
North
|
Elevation
|
Azimuth
|
Dip
|
Depth
|
|
UTM Zone 19S
(WGS84)
|
(m)
|
(deg.)
|
(deg.)
|
(m)
|
RW-DDH-14
|
685248
|
7337015
|
3726
|
n/a
|
90
|
455.0
|
The Company's preferred method for brine sampling deploys a
'single packer' sampling unit during drilling. The packer sampling
method allows the recovery of brine samples at specific depths
while sealing the hole at the top and bottom of the interval. For
single packer sampling, an inflatable seal closes the top of the
interval; the lower limit of drilling represents the bottom of the
interval. In certain instances, double packer sampling is conducted
following the completion of drilling. In this case, inflatable
seals are employed to close both the top and bottom of the sample
interval. While the geologists can vary the interval length when
using single packer sampling, the double packer system is limited
to testing 3 m intervals.
Geophysical profiling and lining the hole with 2" diameter PVC
filters have been completed. All core samples recovered in drilling
were retained for geologic logging.
Observations regarding RW-DDH-14
RW-DDH-14 is located on the eastern-central portion of the
Rinconcita II property, within the western salt flat at Rincon
Salar.
A total of 17 brine samples were extracted using the single or
double packer methods and were submitted for chemical analysis.
Sampling was generally accomplished from 3
m intervals, though one 2.5 m
interval and one 40 m interval were
sampled. Brine samples collected between 24.5 m depth and 249.5
m depth ranged from 277 to 379 mg/l lithium. Over this
225 m interval, 16 single or double
packer brine samples were collected totalling 47.5 m of sampling, representing 21.1% of the
entire interval.
Drilling from surface to 15.5 m
depth intersected fine sandy sediments. Medium sandy layers are
interlayered with sandy breccias between 15.5 and 71 m depths. Sandy breccias then dominate to
137 m depth. Relatively loose gravel
and sands were intersected between 137
m and 144.7 m. Crystaline
halite (salt) was drilled between 144.7 and 208 m. Sandy sediments containing several clayey
layers were logged between 208 m and
245 m. Breccia sedimentary units were
drilled between 245 and 349 m,
frequently exhibiting alteration. Ignimbritic breccia and fractured
ignimbrite were logged between 349 and 372.5
m whereupon a tricone was required to advance to 375.5, thus
3 m of core was not recovered.
Ignimbritic breccia and fractured ignimbrite then continued to
404.4 m. Breccia with traces of
pyrite was drilled between 404.4 and 437.25
m. Ignimbritic breccia was then intersected, extending to
the bottom of the hole at 455 m. The
sandy units described in this exploration hole are expected to be
the most productive levels for extracting lithium brine.
Analyses and QA/QC
Samples of brine were submitted for analysis to Alex Stewart
International Argentina S.A. ("Alex
Stewart"), the local subsidiary of Alex Stewart
International, an ISO 9001:2017 certified laboratory, with ISO
17025:2017 certification for the analysis of lithium, potassium and
other elements. Alex Stewart
employed Inductively Coupled Plasma Optical Emission Spectrometry
("ICP-OES") as the analytical technique for the primary
constituents of interest, including boron, calcium, potassium,
lithium, and magnesium. Measurements in the field included pH,
electrical conductivity, temperature and density.
The quality of sample analytical results was controlled and
assessed with a protocol of blank, duplicate and reference standard
samples included within the sample sequence. For hole RW-DDH-14 the
lot contained one blank and one duplicate sample, which reported
within the acceptable range. Single low-grade, medium-grade and
high-grade reference standard samples (3 standards in total) were
included within the submitted sample suite. The low-grade reference
standard analysed higher than 3 standard deviations ("SD")
of best value, with 10.4 relative percent difference
("RPD"); the medium-grade reference standard analysed below
3 SD of best value, with 1.3 RPD; the high-grade reference standard
analysed below 3 SD of the best value with 2.3 RPD.
Qualified Person
Frits Reidel, CPG is a Qualified
Person as defined in National Instrument 43-101, is the Principal
of Atacama Water Consultants, and is independent of Argentina
Lithium. Mr. Reidel has reviewed the work carried out by the
Company's exploration team at the early-stage Rincon West property.
The disclosure in this news release has been reviewed and approved
by Mr. Reidel.
About Argentina Lithium
Argentina Lithium & Energy Corp is focused on acquiring high
quality lithium projects in Argentina and advancing them towards
production in order to meet the growing global demand from the
battery sector. The Company's strategic investment by
Peugeot Citroen Argentina S.A., a subsidiary of Stellantis N.V.,
one of the world's leading automakers, places Argentina Lithium in
a unique position to explore, develop and advance its four key
projects covering over 70,000 hectares in the Lithium Triangle of
Argentina. Management has a long
history of success in the resource sector of Argentina and has assembled some of the most
prospective lithium properties in the world renowned "Lithium
Triangle". The Company is a member of the Grosso Group, a resource
management group that has pioneered exploration in Argentina since 1993.
ON BEHALF OF THE BOARD
"Nikolaos Cacos"
______________________________
Nikolaos Cacos, President, CEO
and Director
www.argentinalithium.com
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release may contain forward-looking
statements. Forward-looking statements address future
events and conditions and therefore involve inherent risks and
uncertainties. All statements, other than statements of historical
fact, that address activities, events or developments the Company
believes, expects or anticipates will or may occur in the future,
including, without limitation, statements about the Company's plans
for its mineral properties; the Company's business strategy, plans
and outlooks; the future financial or operating performance of the
Company; and future exploration and operating plans are
forward-looking statements.
Forward-looking statements are subject to a number of risks
and uncertainties that may cause the actual results of the Company
to differ materially from those discussed in the forward-looking
statements and, even if such actual results are realized or
substantially realized, there can be no assurance that they will
have the expected consequences to, or effects on, the Company.
Factors that could cause actual results or events to differ
materially from current expectations include, among other things:
the impact of COVID-19; risks and uncertainties related to the
ability to obtain, amend, or maintain licenses, permits, or surface
rights; risks associated with technical difficulties in connection
with mining activities; and the possibility that future
exploration, development or mining results will not be consistent
with the Company's expectations. Actual results may differ
materially from those currently anticipated in such statements.
Readers are encouraged to refer to the Company's public disclosure
documents for a more detailed discussion of factors that may impact
expected future results. The Company undertakes no obligation to
publicly update or revise any forward-looking statements, unless
required pursuant to applicable laws. We advise U.S. investors that
the SEC's mining guidelines strictly prohibit information of this
type in documents filed with the SEC. U.S. investors are cautioned
that mineral deposits on adjacent properties are not indicative of
mineral deposits on our properties.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/argentina-lithium-announces-225-metre-lithium-brine-interval-at-the-14th-exploration-well-on-the-rincon-west-project-302362820.html
SOURCE Argentina Lithium & Energy Corp.