Argentina Lithium focused on lithium’s green energy revolution

The Lithium Triangle, that includes parts of northwestern Argentina, produces about half of the world’s lithium, and hosts approximately 70% of known global lithium reserves. Argentina produces approximately 16% of the world’s lithium, making it the third largest global producer.

Argentina Lithium and Energy Corp. (TSXV: LIT | OTCQB: PNXLF) has two large projects amounting to approximately 50,000 hectares in the heart of the triangle. The Company is focused on acquiring high quality lithium projects, and advancing them towards production in order to meet the growing global demand from the battery sector.

 

The Incahuasi Salar Project

The Incahuasi Salar has characteristics prospective for lithium-rich brines. The Incahuasi Salar stretches 17 km north-south and extents 2.5 km east to west. The Company has 100% control of the salar and basin that covers over 25,000 hectares with no royalties or option payments. Initial sampling of near-surface brines has returned up to 409 mg/L lithium, and 1.56% potassium, with 52 reconnaissance pit samples taken at a depth of a maximum of 8 meters. The average was 62 mg/L lithium, 4661 mg/L potassium and 9800 mg/L magnesium. Investors should note these are only surface indicators and drilling is required to get accurate results. Geophysical surveying indicates the potential for lithium-rich brines at depth. So far the 4 drill hole results had an average of 109mg/L lithium.

Click here to continue reading...

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

Part of the Stock Digest family of websites

Small Cap Stock Digest

MARKET SUMMARY

INDICES

Name Last Change
DOW 25490.50 1.12%
S&P 500 2822.24 1.21%
NASDAQ 7628.28 1.61%
TSX 16164.61 1.01%
TSX-V 602.02 0.00%

Resource Commodities

Name Last Change
Gold 1281.94 0.00%
Silver 14.59 0.00
Copper 2.68 2.681
Platinum 901.00 0.67%
Oil 61.42 2.78%
Natural Gas 2.54 2.75%
Uranium 24.25 1.34%
Zinc 1.20 0

@RSDigest ON TWITTER