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Lake Resources NL (ASX:LKE) released today a video update from site of the drilling currently progressing at Lake's 100% owned Cauchari Lithium Brine Project in Argentina where high-grade lithium brine results have been previously reported of up to 538 mg/L from high flow brines (refer ASX announcements 28 May, 12 June 2019). These results show the continuity of Lake's drilling over a series of horizons extending similar results from adjoining major projects located in the heart of the Lithium Triangle.

- Drilling progresses at Lake's Cauchari Lithium Brine Project, Argentina, where high grade lithium brine results have been previously reported amid growing lithium demand.

- A video update is provided to show Lake drilling and the activity in the area and the proximity of Lakes drilling to pre-production of the Lithium Americas/Ganfeng world-class major project.

- The interview can be accessed at:
http://www.abnnewswire.net/lnk/454DSJ86

and on the Presentations and Videos section of the Investors section on the Lake Resources website:
http://www.abnnewswire.net/lnk/R46ZL71U

The video shows the drilling progressing next to the Cauchari salt lake and adjoining pre-production works of Ganfeng/Lithium Americas (LAC). Lake is clearly drilling in the same basin with similar brines with the potential to replicate the success of similar projects.

The diamond drill rig has experienced challenging conditions due to sandy/gravel horizons and high fluid pressures and has not advanced beyond the previously reported depth while the section has been cleaned, conditioned and drilled, but is now making good progress toward the target zone. The target is a sand horizon estimated between 350-450m which has recorded higher lithium values and fluid flows in the adjoining project. Lake will update the market as the hole progresses.

Commenting on the drilling, Lake's Managing Director Steve Promnitz said: "Lake has demonstrated proof that our Cauchari project is similar to the adjoining world class projects, and with the drilling continuing to progress, we see great potential to identify high-grade lithium values.

"Together with our emerging Kachi project in PFS stage, Lake is confident of delivering increased value for shareholders amid growing demand for these increasingly strategic assets in the heart of the Lithium Triangle."

To view figures, please visit:
http://abnnewswire.net/lnk/NR4U08YA


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: Cauchari Drilling Progresses - Video Update


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