Lake Resources NL Stock Market Press Releases and Company Profile

View in Other Languages Lake Resources NL (ASX:LKE) Cauchari - Further Conductive Brines Intercepted Lake Resources NL (ASX:LKE) 在Cauchari钻探到更多具有传导性的卤水 
Cauchari - Further Conductive Brines Intercepted
Cauchari - Further Conductive Brines Intercepted

Brisbane, May 22, 2019 AEST (ABN Newswire) - Lake Resources NL (googlechartASX:LKE) announced today that further conductive brines have been intercepted and sampled in the drillhole operated by the Foraco diamond rig at Lake's 100% owned Cauchari Lithium Brine Project in Argentina (see Figures 1, 5 in link below).

- More conductive brines intercepted with higher readings at approximately 186m depth, with more encouraging conductivities of 225 mS/cm and density readings of 1.200 g/cm3.

- These preliminary conductivity field results compare favourably to publicly available results from the adjoining major project.

- Diamond drill rig has conditioned, sampled and cased the hole to 180 metres and is now below 205m at Lake's Cauchari Lithium Brine Project, Argentina. The target is a ~350-450m deep sand horizon.

Conductive brines with higher readings were intercepted and sampled at a depth of 186m, with more encouraging conductivities of 225 mS/cm and density readings of 1.200 g/cm3. This compares favourably to conductivities of 184 mS/cm and density readings of 1.170 g/cm3 at depths of 130-150m reported previously.

This testing and sampling is very preliminary using field testing techniques and accredited results will follow. The diamond drill rig has conditioned, sampled and cased the hole to 180m, is now below [205m] and is targeting a sand horizon estimated between 350-450m.

Current drilling aims to unlock value from this rapidly emerging project, located immediately adjacent to a world-class brine project in pre-production in the Lithium Triangle, approximately 500m from the Ganfeng/Lithium Americas Cauchari project. Lake is targeting the same sand horizons.

Commenting on the latest update, Lake's Managing Director Steve Promnitz said: "Further conductive brines have been intercepted with higher field results than previously reported at depths of 130-150m. This continues to support our long held view that the brines extend under the alluvial cover on our leases. Further results will be released when available and progress to date with this rig has been very encouraging."

To view figures, please visit:
http://abnnewswire.net/lnk/03NJ4Q8X


About Lake Resources NL

Lake ResourcesLake Resources NL (ASX:LKE)  (OTCMKTS:LLKKF) is a clean lithium developer utilising state-of-the-art ion exchange extraction technology for production of sustainable, high purity lithium from its flagship Kachi Project in Catamarca Province within the Lithium Triangle in Argentina among three other projects covering 220,000 ha.

This ion exchange extraction technology delivers a solution for two rising demands - high purity battery materials to avoid performance issues, and more sustainable, responsibly sourced materials with low carbon footprint and significant ESG benefits.

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Contact

Steve Promnitz
Managing Director
Lake Resources N.L.
T: +61-2-9188-7864
E: steve@lakeresources.com.au



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