NOA Drills Thickest High-Grade Intercept To Date At Rio Grande And Intercepts Average 526 Mg/L Lithium Over 508.5 Meters

About this update from Noa Lithium Brines Inc

[{"type":"text","content":"NOA Drills Thickest High-Grade Intercept To Date At Rio Grande And Intercepts Average 526 Mg/L Lithium Over 508.5 MetersBUENOS AIRES, ARGENTINA / ACCESSWIRE / October 16, 2023 / NOA Lithium Brines Inc. (TSXV:NOAL)(FSE:N7N) (\"NOA\" or the \"Company\") is pleased to report positive lithium results from brine samples from RG23-003, the third hole of the Phase 1 diamond drill program at its Rio Grande project (\"Rio Grande\" or the \"Project\"). The hole was drilled within the salar, approximately 6 kilometers (\"km\") northwest of hole RG23-002, at the Cristina claim on the surface salar on the Project, and intersected a high-grade lithium (\"Li\") brine aquifer of significant thickness starting from a down-hole depth of only 15 meters (\"m\"). Highlights include:508.5 m (15 m - 659 m) grading 526 milligrams per litre (\"mg/l\") Li.Brine aquifer beginning at a shallow depth of only 15 m below surface, and encountered the thickest, high-grade intercept to date at Rio Grande.Encountered highest-grade Li concentration of 785 mg/l at 250 m.Hole drilled to a depth of 676 m, resulting in the deepest reported occurrence of permeable brines at Rio Grande.NOA's Chief Executive Officer Gabriel Rubacha states: \"Our third exploration hole delivers our best drill results to date, confirming the potential of the Rio Grande Project. The excellent results from this hole, combined with the high-grade intercepts from our two previous holes, deliver a consistent high lithium concentration brine that expected to contribute to a material resource, that confirming a project of significant magnitude can be developed in our Rio Grande's properties. Our fourth hole has already been started in the El Camino property, in the northeast area of Rio Grande. With two rigs mobilized at site, we remain on schedule to develop a maiden resource estimate on the project in the first half of 2024.\"Hole RG23-003 was executed with diamond drilling (HQ-size), permitting the extraction of core samples of the salar basin formations and collection of brine samples where possible. Drilling was carried out by Salta-based Hidrotec S.A., under the supervision of NOA's geologists.The lithological profile of the third hole is in-line with other drillholes at the Project. Almost the entire depth of the +600 m hole returned brine-saturated units based on packer testing, with the ...

More updates from Noa Lithium Brines Inc