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American Salars Signs Letter of Intent to Acquire Cauchari Lithium Brine Project, Argentina
VANCOUVER, BC – MAY 1st, 2025 – TheNewswire - AMERICAN SALARS LITHIUM INC. ("AMERICAN SALARS" OR THE "COMPANY") (CSE: USLI, OTC: USLIF, FWB: Z3P, WKN: A3E2NY) a
About this update from American Salars Lithium Inc.
[{"type":"text","content":"VANCOUVER, BC – MAY 1st, 2025 – TheNewswire - AMERICAN SALARS LITHIUM INC. (\"AMERICAN SALARS\" OR THE \"COMPANY\") (CSE: USLI, OTC: USLIF, FWB: Z3P, WKN: A3E2NY) announces it has signed a Letter of Intent (“LOI”) with an arms length Vendor to acquire a 100% interest in the Cauchari Minas Ines 01 Lithium Salar Project (“Cauchari” or “Project”), located on the south end of the Cauchari Salt Lake, Department Los Andes in the Province of Salta, Argentina. The Cauchari Ines 01 claims cover an area of approximately 1,235 hectares, and contain concentrations of lithium, sampled up to 383 ppm Li taken from a depth of 30cm below the salt crust. Access to the Project is through the city of Salta, via Road 51 passing the town of San Antonio de Los Cobres, and continuing approximately 80km to the nearby Cauchari Salt Lake. The Project area is accessed entering the Salt Lake through existing mining tracks and roads and located 13km from the Rincon salar owned by Rio Tinto. Figure 1. Map of the Cauchari Ines 01 concession and surrounding lithium producers Cauchari Lithium Brine Project Overview Fully owned, over 12 sq km concession, stand-alone potential with 50% on salar Adjacent to world class operators of lithium plants Known geological district with significant Li K sampling results Immediate proximity to roads, railroads, electricity and gas pipelines infrastructure Near San Antonio de los Cobres and Pocitos Industrial centre, easy road access to Chile ports American Salars CEO & Director R. Nick Horsley states, “The potential of this section of the Salar de Cauchari is immense. Cauchari is a proven producing Salar operated by Exar – Ganfeng & Lithium Argentina that produces battery grade lithium carbonate. The Company will look to continue to increase its footprint on the Cauchari and Pocitos Lithium projects.” Cauchari Mining Potential Data from reconnaissance exploration programs suggests that the Cauchari Salt Lake is underlain by a structurally controlled sedimentary basin that forms an aquifer of over 250 square kilometers, and asymmetric, with maximum depths from 100 - 500 m along the eastern margins. No effective porosity determinations have yet been made on the aquifer, but by analogy with similar aquifers may be in the region of 4-20%. Structural geology survey suggests a shear faul...