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NOA Announces Exploration Progress at Rio Grande With Completion of Fifth Hole Which Intercepted 530m of Lithium Brine-Saturated Units
BUENOS AIRES, ARGENTINA / ACCESSWIRE / February 12, 2024 / NOA Lithium Brines Inc. (TSXV:NOAL)(F...
About this update from Noa Lithium Brines Inc
[{"type":"text","content":"NOA Announces Exploration Progress at Rio Grande With Completion of Fifth Hole Which Intercepted 530m of Lithium Brine-Saturated Units BUENOS AIRES, ARGENTINA / ACCESSWIRE / February 12, 2024 / NOA Lithium Brines Inc. (TSXV:NOAL)(FSE:N7N) (\"NOA\" or the \"Company\") is pleased to provide an update on the significant progress of its Phase 1 diamond drill program at its Rio Grande project (\"Rio Grande\" or the \"Project\"). The fifth hole, located at the Juana Azul claim within the salar was recently completed to a depth of 602 meters (\"m\"), and continues to confirm the Project's high lithium potential.Preliminary highlights of the fifth hole, RG23-005, include:Near-Surface: Lithium brine-saturated geological units were encountered starting at only 1 meter below surface, indicating the Project's vast potential.Extensive Brine-Bearing Units: Approximately 530 meters of lithium brine-bearing units were identified through 53 packer tests, affirming substantial lithium content within the salar.Preliminary Lithium Content Confirmation: Initial results confirm lithium content in brine throughout most of the well's depth, with comprehensive lab geochemical analyses currently underway.NOA's Chief Executive Officer, Gabriel Rubacha states: \"In less than a year, NOA's team has made great strides in advancing our Rio Grande project. The latest preliminary results continue to underscore the extensive potential of our flagship Rio Grande project. This hole completes our initial drilling campaign on-time and in-line with our planned aggressive drill program. The Company is on schedule to release its maiden resource later this quarter, which represents a significant catalyst towards unlocking value for our shareholders\".Hole RG23-005 was executed with diamond drilling (HQ-size), permitting the extraction of core samples of the salar basin formations and collection of brine samples, where available. Drilling was carried out by Salta-based Hidrotec S.A., under the supervision of NOA's geologists.Diamond drill hole RG23-005 was completed at a depth of 602 meters. At a depth of 1 meter, the formations saturated with brine began. The lithology of the well is composed mainly by sand with sulfate intercalations and a lower proportion of crystalline halite, with contents that are variable along the depth of the well. Packer test sampling was carri...