Lake Resources NL Stock Market Press Releases and Company Profile

View in Other Languages Lake Resources NL (ASX:LKE) High Grade Brines Increase at Cauchari Lake Resources NL (ASX:LKE) Cauchari的高品位卤水增多 
High Grade Brines Increase at Cauchari
High Grade Brines Increase at Cauchari

Brisbane, July 18, 2019 AEST (ABN Newswire) - Lake Resources NL (googlechartASX:LKE) (googlechartLK1:FRA) announced today consistently high grade lithium brines from the base of the current discovery hole extending the lithium brine zone to 288 metres wide (from 172 - 460m depth) at its Cauchari Lithium Brine Project in Argentina. Results from 480 to 500 mg/L lithium were returned below 289m depth down to 460m depth, with the best results at the base of hole of 496 mg/L lithium over 73m to a depth of 460m.

The results are consistent with similar results from the adjoining billion-dollar major projects advancing towards production at Cauchari, in the heart of the Lithium Triangle including Ganfeng/Lithium Americas (LAC) and the Advantage Lithium (AAL)/ Orocobre joint venture.

The drillhole is now being extended at depth. Detailed sampling with a packer instrument has been completed and further results are awaited.

Lake's Managing Director Steve Promnitz said: "The excellent results are further confirmation of Lake's major discovery at Cauchari, and the similarity with the adjoining projects moving into production. This is now a wider pay zone of lithium brines than at the adjoining project exceeding what was reported by Advantage Lithium and Lithium Americas in this area. The drill hole will be extended to depth and we are pleased that results are improving with depth".

"Cauchari continues to advance as a major project for Lake, which added to our prospective Olaroz project and the world-class Kachi project comprises a portfolio of potentially highly valuable projects in the heart of the Lithium Triangle. We look forward to announcing further results from Cauchari, followed by drilling at Olaroz, as we work to add value for shareholders."

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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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