Argentina Lithium commences lithium exploration at Rincon West

Argentina Lithium & Energy Corp announces the commencement of lithium exploration drilling at its Rincon West project in Salta Province, Argentina.

At the Rincon West project, Argentina Lithium has five exploration holes that are initially planned to test multiple prospective brine targets identified from the geophysical survey data announced in the news release dated 2 May 2022. This drill program is expected to require four months to complete.

The Rincon West project

The Rincon West project covers 2470 hectares of the salar basin, located West of the adjacent Rincon Project owned by Rio Tinto. Previously announced geophysics results delineated highly conductive units consistent with concentrated brine aquifers over 64% of the property area.

On 27 May, the first of five exploration holes was initiated to test the geophysical targets. Two thousand metres of diamond drilling is budgeted for this initial campaign. The Company’s drilling permit allows up to nine exploration holes, thus the scope of the program may be expanded based on results.

Initial lithium exploration

“The Rincon West project has never been drilled though it is highly prospective. In this initial campaign, we are looking for high lithium grades and horizons that can produce high flow rates for a potential future production operation,” commented Miles Rideout, V.P. of Exploration.

“The initial exploration holes have been located on the geophysics traverses in order to allow extrapolation of drill results more broadly across the geophysics coverage. Since the geophysics produced multiple exceptional targets, we hope to produce positive results early in this programme.”

The drilling contract has been awarded to AGV Falcon S.R.L, an experienced drilling contractor with offices in Salta Province, Argentina. Brine samples will be analysed by Alex Stewart Assayers Argentina S.A., a subsidiary of Alex Stewart International.

The quality of sample analytical results will be assessed with a protocol of blank, duplicate and control samples to be included in each sample suite.

Argentina Lithium has an option to earn a 100% interest in the Rincon West project, as described in the Company’s 28 September 2021 news release.

Qualified Person

David Terry, PhD, P.Geo. is the Company’s Qualified Person as defined in National Instrument 43-101. Dr Terry is responsible for oversight of the company’s early-stage exploration at the Rincon West property.  The disclosure in this news release has been reviewed and approved by Dr Terry.

About Argentina Lithium

Argentina Lithium & Energy Corp is focused on acquiring high-quality lithium projects in Argentina and advancing them towards production in order to meet the growing global demand from the battery sector.

The management group has a long history of success in the resource sector of Argentina and has assembled a first-rate team of experts to acquire and advance the best lithium properties in the world-renowned “Lithium Triangle”. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

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