NOA Lithium – Recapping The High-Grade Lithium Brine Discovery In The First Drill Hole at Rio Grande
Taj Singh, President, CEO, and Director of NOA Lithium Brines (TSX.V: NOAL), joins us to review high-grade lithium assay results from the first of 6 drill holes planned in the 3,000 meter Phase 1 exploration program this year at the flagship Rio Grande Project in Argentina.
We have Taj break down the very high economic grades where this first hole intersected two high-grade lithium (“Li”) brine aquifers of significant thickness; including 71 meters permeable interval with grades averaging 433 milligrams per liter (“mg/l”) Li, starting at a depth of 101 m, and then a second horizon 158 meters permeable interval with grades up to 925 mg/l Li, and averaging 773 mg/l Li, starting at a depth of 311 meters. One of the points reviewed was how the company is hitting these salars at depth here, under alluvial cover that has not previously been explored around the main basin.
Next we pivoted over to the exploration plan for 3D seismic surveys and 4-5 drill holes planned later in the year and into early next year at the Arizaro Project, very near Lithium Chile’s project. Then further down the pipeline is the Salinas Grandes Project, which the team is still very excited to explore as it is located on another prospective lithium salar. The company is cashed up $8.5 Million in the treasury, which funds them for all exploration for the balance of this year and moving into early 2024.
If you have more questions for Taj regarding NOA Lithium, then please email me at Shad@kereport.com.