LIT:CC - Argentina Lithium Strengthens Lithium Play as Drilling Continues at Argentina Asset

Argentina Lithium and Energy (TSXV:LIT,OTCQB:PNXLF,FWB:OAY3) has completed six diamond drill holes at its Rincon West project in Argentina's Salta province, and drilling continues while the company expects the first resource calculation by the second quarter of 2023, according to CEO Nikolaos Cacos.

The company recently reported positive lithium brine values at its Rincon West project, including a 153 meter interval ranging from 329 to 393 milligrams per liter lithium from the sixth diamond drill hole. The seventh exploration hole is in the final steps to completion, with two additional holes planned.

“All six of those holes bear lithium. And the grades and intercepts of these holes are exactly what has been in line with what has been published with both Argosy Minerals (ASX: AGY ) and Rio Tinto (ASX: RIO ,NYSE:RIO,LSE:RIO). So it's very exciting. We're proving our hypothesis that the lithium brines do extend under our properties,” Cacos said.

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