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Be the first with the news that moves the market- NOA Lithium Brines (NOAL) has begun phase-1 core drilling at its flagship Rio Grande Project in Argentina
- The program is targeting six exploration holes over 3,000 m to be completed by Q4 2023
- The company’s geophysical testing at Rio Grande in 2022 indicates significant brine potential in the salar’s alluvial fans, as well as in the claims on the surface salar
- President and CEO, Taj Singh, spoke with Simon Druker about the news
- NOA is a lithium exploration and development company focused on over 100,000 ha in the Lithium Triangle in Salta, Argentina
- NOA Lithium Brines (NOAL) last traded at $0.45 per share
NOA Lithium Brines (NOAL) has begun phase-1 core drilling at its flagship Rio Grande Project in Argentina.
The program is targeting six exploration holes over 3,000 m – three holes in the salar core and three holes in the alluvial cover of the broader salar basin – supported by nearby existing drillhole data, geophysical testing and geological mapping. The company expects to complete the drilling by Q4 2023.
NOA’s geophysical testing at Rio Grande in 2022 indicates significant brine potential in the salar’s alluvial fans, as well as in the claims on the surface salar. Typical historical lithium values intercepted are in the 350-450 mg/l range.
Key objectives for the drill program include:
- Drilling targets where recent geophysical testing has identified lithium brine to a depth of ~500 m, as historical drilling at the salar has only drilled to depths of ~100 m
The company aims to release a maiden mineral resource estimate by late 2023 or early 2024.
The Rio Grande Project covers 43,000 ha and is located adjacent to an eponymous project owned by Pluspetrol Resources. Rio Grande is also located 70 km from NOA’s Arizaro Project and 250 km from its Salinas Grandes Project.
President and CEO, Taj Singh, spoke with Simon Druker about the news.
NOA is a lithium exploration and development company focused on over 100,000 ha in the Lithium Triangle in Salta, Argentina.
NOA Lithium Brines (NOAL) last traded at $0.45 per share.
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