PNXLF - Argentina Lithium Completes Early Exercise of Property Options at Rincon West and Antofalla North Projects | Benzinga
Frankfurt Stock Exchange (FSE): OAY3
OTCQB Venture Market (OTC): PNXLF
VANCOUVER, BC, Nov. 30, 2023 /PRNewswire/ - Argentina Lithium & Energy Corp. (TSXV:LIT) (FSE: OAY3) (OTC:PNXLF), ("Argentina Lithium" or the "Company") is pleased to announce that it has exercised two option agreements to obtain 100% interest in key properties at its Rincon West, Antofalla North, and Pocitos lithium projects, all located in Salta Province, northwest Argentina, within the Lithium Triangle.
The Rincon West/Pocitos option, now exercised, encompasses 2390.5 hectares of properties at the Company's Rincon West Project, including those on which the successful phase 1 drill program was completed earlier this year. The exercised option also includes 15,857 hectares of properties at the Company's Pocitos Project, which is currently undergoing a 170 line-km TEM geophysical survey program to map the subsurface for potential future drill targeting.
The exercised Pipo/Alcalina option encompasses 5380.5 hectares of properties at the Company's Antofalla North Project, for which the Company recently announced accelerated exploration plans for 2024.
Nikolaos Cacos, CEO of Argentina Lithium stated: "Exercising the options at Rincon West and Antofalla North is a key step to advance planning and development of our two core projects. Drilling on the optioned property at Rincon West has verified the grade potential of the concentrated lithium aquifer. Drilling is pending at Antofalla North, however ...