PATAGONIA LITHIUM LTD

PATAGONIA LITHIUM LTD (ASX: PL3)

Southernrock's Senior Geophysicist, Jeremy Barrett, announced that the Magneto-Telluric data have identified key prospective drill targets at Formentera and Tomas III, with significant volume of brines indicated by low resistivity values.
A 10-hole drill program, along with necessary infrastructure, is set to commence at Formentera and Cilon as soon as the drill permit is issued by Jujuy Secretary of Mines, anticipated to be a 50-day drill program.
Tomas III also demonstrated a highly conductive area and has already received approval and issuance for two Diamond Drill Holes.

2023-07-04 08:44:00

MT Geophysics survey identified two large brine bodies with low resistivity, considered highly prospective drill targets.
10 hole drill program to commence once drill permits are issued for Formentera and Cilon.
Survey results suggest the presence of a large brine body with up to 5km in length and 2km in width.

2023-06-15 08:35:00

Large lithological units show very low resistivity hotspots, indicating excellent drill targets from MT geophysics.
A 10-hole drill program will be finalized, with exceptional drill targets identified in lines 1300 and 2300.
Patagonia Lithium Ltd has received promising 1D and 2D inversion results for the first two lines of the Formentera/Cilon salar.

2023-06-13 09:10:00

Sampling program showed high lithium content in 19 drill holes, with two brine samples assayed at 1,008ppm and 1,122ppm.
Extremely low magnesium-to-lithium ratios found, making extraction processing more efficient.
An 18km MT geophysics study and analysis at the Ekosolve™ facility will help determine recovery and grade of lithium chloride, and locate aquifers.

2023-06-02 10:10:00

Patagonia Lithium detects a 200m low resistivity unit in a geophysics survey on the Tomas III concession.
The survey reveals a conductive brine presence in the geological unit, with a depth of 200m, 100m below the surface.
Additional mapping, sampling, and inversion processing are needed before commencing a drill program at Incahuasi salar.

2023-05-29 14:31:00