The 26,962 hectare Los Sapitos project in Argentina is a new lithium exploration target within a prospective tectonic corridor stretching from northern San Juan province north into La Rioja province. A series of salars, hot springs and geysers are situated within this tectonic corridor and are geologically analogous to well-known lithium bearing environments in Salta and Jujuy provinces. The project is under option from a private vendor.
The area is host to vast alluvial sand and clay deposits which have never been investigated for their lithium content. Very limited exploration has occurred on the project since it was acquired by the vendors and the initial focus of the Company will be to conduct systematic sampling of not only the brines, but also investigate the potential for the presence of lithium rich clays. Ulexite (a boron evaporite mineral) has also been identified on the Property and indicates that concentrated boron bearing brines have been present which is an indicator for lithium prospectivity. This corridor will be the primary focus of the Company’s lithium exploration.
Recent sampling results of both brines and clays has indicated that lithium exploration targets exist well beyond the known Los Sapitos Salar. Anomalous values of lithium in clays have been obtained in two new target areas that are located approximately 1 km from the lithium rich Los Sapitos Salar. Sampling from shallow hand dug pits returned between 7 and 654 ppm lithium* from clay samples located east of Los Sapitos in the Eastern Salar and are similar to values collected from the high-grade clay zone on the Los Sapitos Salar. Further geophysics is planned to further delineate the basin prior to drilling.
