Last Updated :
15 January 2010 at 18:20 IST
Lithium One positive in its sampling programme
VANCOUVER (Commodity Online): Lithium One Inc (TSX VENTURE:LI) has reported initial results from its ongoing sampling program and the commencement of drilling at the Sal de Vida Lithium Brine Project in Argentina.
The Sal de Vida project is located adjacent to FMC Corporation's Fenix lithium brine operation, which produced approximately 14% of the world's lithium in 2008. This program constitutes the first large-scale systematic sampling and drilling on the east side of Salar del Hombre Muerto.
A total of 50 pits on 1 to 2 km spacings have been completed to date. The sampling has intersected a consistent near-surface sand aquifer yielding average values of lithium and potassium of 794 milligrams per liter.
According to Lithium President and CEO Patrick Highsmith, the sands constitute a widespread aquifer throughout the eastern part of the salar that we have shown to be highly enriched in lithium and potassium over more than 40km2 and open in all directions.
He further said there are also hot spots, such as a cluster near the southwestern boundary of our property, where 9 pits average over 1,000 mg/L lithium.
The pitting program is continuing; and on the advice of our hydrogeologist, the Company is embarking on a drill program to test the depth and brine content of our 300km2 of Hombre Muerto salar, he added.
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