Lake Resources NL Stock Market Press Releases and Company Profile

View in Other Languages Lake Resources NL (ASX:LKE) 在Cauchari发现了多个锂矿区 Lake Resources NL (ASX:LKE) Cauchari Discovery Multiple Lithium Zones 

Results Boost 100% Owned Project Located Among Major Producers

Cauchari Discovery Multiple Lithium Zones
Cauchari Discovery Multiple Lithium Zones

Brisbane, July 15, 2019 AEST (ABN Newswire) - In a major boost for its 100% owned project, Lake Resources NL (googlechartASX:LKE) (googlechartLK1:FRA) announced today the discovery of multiple lithium brines over a zone of 144 metres (from 172 - 316m) at its Cauchari Lithium Brine Project in Argentina. The results show the potential for future production, with Cauchari adjoining other projects advancing towards production in the heart of the Lithium Triangle.

Lithium values from 340 to 538 mg/L were returned from multiple high flow brines with low Mg/Li ratios of 2.7-3.0. The brine zones and target sand horizon were intersected higher in the sequence than expected. The hole was terminated at 460m, after having encountered less permeable clay horizons from 326m with conductive brines at 356m and 386m.

Detailed sampling with a packer instrument is underway from 387m up the hole, to be followed by analysis, casing and geophysics, with the rig next to be moved to Lake's Olaroz Project to start drilling.

The brine zones confirm continuity from similar brines in adjoining major billion dollar projects progressing to production from 2020 located in the heart of the Lithium Triangle (see Figures 1-6), including Ganfeng/Lithium Americas (LAC) and the Advantage Lithium (AAL)/ Orocobre joint venture that are attracting significant corporate transactions (refer ASX announcement 28 May 2019 for past results from adjoining projects).

Lake's Managing Director Steve Promnitz said: "Lake has a major discovery here at Cauchari, with the potential to expand the zones in further drilling. The target brine zone has high grades and flow rates but intersected higher than anticipated and has all the same hallmarks of the adjoining project which is now moving into production. This is a great discovery adding to the development projects in the Lithium Triangle."

"Lake wants to build on these exciting Cauchari results. We next plan to drill for the first time on our leases at Olaroz, which is now a focus given these favourable results and where we are targeting a 30km belt as an extension to the adjoining production area, to show its potential before more drilling at Cauchari."

"If successful, Olaroz would provide a third advanced project, adding to Cauchari and our world-class Kachi project which will be essential new supply as demand for lithium rises over the next nine years due to the lithium-ion battery revolution in energy and transport"

To view tables and figures, please visit:
http://abnnewswire.net/lnk/5BO0CU29


About Lake Resources NL

Lake ResourcesLake 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.

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Contact

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



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