Argentina Lithium reports positive lithium brine values at Rincon West, Argentina

VANCOUVER – Argentina Lithium & Energy Corp. [LIT-TSXV; PNXLF-OTC; OAY3-FSE] reported positive lithium brine values from the third and fourth diamond drill holes at its Rincon West project in Salta province, Argentina.

The Rincon West project covers 3742.8 hectares of the salar basin, located west and north of the adjacent Rincon Project owned by Rio Tinto. The property is currently permitted for up to nine exploration drill holes. The fifth exploration hole is currently in final steps to completion. The brine analytical results from the third and fourth holes have been received and are reported below.

“The fourth exploration hole has produced our best results to date. Lithium brines start at 38 metres depth, but the exciting result is the interval from 95 metres to 227 metres, with lithium values ranging from 334 to 382 mg/litre over a continuous 132-metre interval. The third hole, located in the southern portion of the property produced lower grade brines at the bottom of the hole.

Though the lithium potential appears to decrease in the southern portion of the basin, it is notable that we still produce lithium brines while stepping out 1.8 km south from our previous drilling. We have more drilling to do, to fully delineate our brine aquifer, particularly in the west and north.” stated Miles Rideout, V.P. of Exploration.

The results of the brine analyses and the respective intervals from which brine was recovered are shown in a table on the original press release. Exploration drilling is ongoing at RW-DDH-005.

Both holes were executed with diamond drilling (HQ-size), permitting the extraction of core samples of the salar basin formations, and recovery of brine samples where possible. RW-DDH-003 was executed between July 26 and August 22, stopping at 353 metres depth in igneous rock units. Lining the hole with 2-inch diameter PVC filters and tubing was completed on August 23, 2022.

RW-DDH-004 was executed between August 26 and September 21, stopping at 254 metres depth in igneous basement rock units. Final sampling and lining the hole with 2″ diameter PVC filters and tubing were completed by September 22, 2022.

Drilling was carried out by Salta-based AGV Falcon Drilling SRL, under the supervision of Argentina Lithium’s geologists.

The Rincon West Project comprises the following properties. Villanoveno II and Demasia Villanoveno II, totaling 2491 hectares, are held under an option whereby the company can earn a 100% interest. Argentina Lithium has also purchased the 460.5-hectare Riconcita II property, adjacent to Villanoveno II. The company entered into an option agreement to earn a 100% interest in four contiguous mine concessions, the Paso de Sico” option, totalling 791.3 hectares in the northern part of the Salar de Rincon.

Argentina Lithium is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

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