- Arena Minerals (AN) has completed its first diamond drill hole at the company’s Sal de la Puna Project in Argentina
- The project is located in the country’s Pastos Grandes basin in the Salta Province
- Two additional drill rigs have also been mobilized to the site
- The diamond drill hole is located on the Almafuerte claim and intersected a continuous brine column from 140 metres to the total drilled depth of 646 metres
- The drill program is focused on the Almafuerte and Graciela blocks which border Lithium America’s Pastos Grandes Project to the south and south-east
- Arena Minerals Inc. (AN) is down 5.26 percent, trading at $0.54 at 12:44 p.m. ET
Arena Minerals (AN) has completed its first diamond drill hole at the company’s Sal de la Puna Project in Argentina.
The project is located in the country’s Pastos Grandes basin in the Salta Province.
The diamond drill hole is located on the Almafuerte claim and intersected a continuous brine column from 140 metres to the total drilled depth of 646 metres.
Two additional drill rigs have also been mobilized to the site.
One diamond drill rig is currently located on the Graciela claim and has a target depth of 550 metres.
The drill program is focused on the Almafuerte and Graciela blocks which border Lithium America’s Pastos Grandes Project to the south and south-east.
The program consists of 3,000 metres with the objective of both increasing the category of the current resource and increasing the SDLP Project’s resource base.
An uninterrupted gravel aquifer was intersected between 334 metres and 634 metres down hole, representing the thickest gravel sequence drilled in the basin.
“This first drill hole completed by Arena exceeds our expectations. The coarse gravel aquifer, where higher flow rates are typically found, appears to be thicker in our end of the Pastos Grandes basin with high grade lithium values and favourable geochemistry. We kept the drill turning past our target depth to determine the total thickness of this gravel sequence; however, the brine column remains open at depth for future potential resource expansion.” He added, “We have now mobilized an additional drill rig to ensure we meet our development timelines,” said Arena President and CEO William Randall.
Arena Minerals Inc. (AN) is down 5.26 percent, trading at $0.54 at 12:44 p.m. ET.
