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HIGH FLOW RATES OF CONDUCTIVE BRINES INTERCEPTED AT CAUCHARI

Lake Resources NL (ASX:LKE) (FRA:LK1) has announced today that high fluid flows of conductive brines under pressure have been intercepted in the diamond drillhole at Lake's 100% owned Cauchari Lithium Brine Project in Argentina (Figures 1, 4 in link below).

Conductive brines with high fluid flows under pressure were intercepted and sampled at a depth of 261m, with high conductivities of 284 mS/cm and density readings of 1.200 g/cm3. Slightly lower conductivities of 225 mS/cm were recently reported with strong lithium values up to 480 mg/L from 186m depth. This testing and sampling is very preliminary using field testing techniques and accredited results will follow.

These results echo similar lithium brine horizons in the upper sections of drillholes reported from the adjoining pre-production area of Ganfeng/Lithium Americas (LAC) and Advantage Lithium (AAL)/ Orocobre joint venture. Lake is drilling in the same basin with similar brines and therefore better results are anticipated at depth.

The drill hole is targeting a sand horizon estimated between 350-450m 450m which has recorded higher lithium values and fluid flows in the adjoining project. The rig is currently below 270m depth. Current drilling aims to unlock value from this rapidly emerging project, located immediately adjacent to a world-class brine project in pre-production in the Lithium Triangle, approximately 500m from the Ganfeng/Lithium Americas Cauchari project. Lake is targeting the same sand horizons.

Commenting on the latest update, Lake's Managing Director Steve Promnitz said: "High fluid flows of brines under pressure is exactly what any operator would want to see when drilling a lithium brine filled basin.

"Recent lithium results confirmed the potential for our Cauchari project to replicate the success of similar projects, and vindicate our long held view that the basin is fault-bounded and extends beneath thin alluvial cover. Further results will be released when available and progress to date with this rig continues to be very encouraging."

To view tables and figures, please visit:
http://abnnewswire.net/lnk/I12031X3


About Lake Resources NL

Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising state-of-the-art ion exchange extraction technology for production of sustainable, high purity lithium from its flagship Kachi Project in Catamarca Province within the Lithium Triangle in Argentina among three other projects covering 220,000 ha.

This ion exchange extraction technology delivers a solution for two rising demands - high purity battery materials to avoid performance issues, and more sustainable, responsibly sourced materials with low carbon footprint and significant ESG benefits.

   

Contact

Steve Promnitz
Managing Director
Lake Resources N.L.
T: +61-2-9188-7864
E: steve@lakeresources.com.au



Link: High Flow Brines at Cauchari


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