(NewsDirect)
Greenwing Resources Ltd (ASX:GW1) executive director Peter Wrightjoins Proactive’s Jonathan Jackson to discuss the company’s SanJorge Lithium Project in Argentina and in particular its maidenmineral resource estimate. The company has calculated 670,000 tonnesof indicated resources and 400,000 tonnes of inferred resources,totalling 1.07 million tonnes of lithium carbonate equivalent (LCE).Laboratory and downhole geophysics (BMR) measurements indicatepositive specific yield porosity values averaging 7.4% in thevolcanics and sediments. Drilling on the western side of the salarrevealed brine mineralisation at depths of 402 and 351 metres in holesSJDD04 and SJDD05, respectively. Further studies suggest the brinebody extends to the north and west of the current resource. Greenwingis planning a Phase 2 drilling and testing program to expand theresource footprint and advance process testing. The initial 6-holedrill program targeted the peripheries of the 2,800-hectare salar,with infill drilling planned for the highly prospective salar as partof the follow-up program. Anthon highlighted the significance of themaiden resource estimate achieved through the initial 6-hole program,emphasising the rapid development of the project. The company willalso initiate a Preliminary Economic Assessment (PEA) to evaluate theproject's development options, including different processingtechnologies and energy alternatives.
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
jonathan@proactiveinvestors.com
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