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NOA Intercepts Over 500 Meters of Lithium Brine-Saturated Units in Third Hole at Rio Grande Project
BUENOS AIRES, ARGENTINA / ACCESSWIRE / September 6, 2023 / NOA Lithium Brines Inc. (TSXV:NOAL), ...
About this update from Noa Lithium Brines Inc
[{"type":"text","content":"NOA Intercepts Over 500 Meters of Lithium Brine-Saturated Units in Third Hole at Rio Grande ProjectBUENOS AIRES, ARGENTINA / ACCESSWIRE / September 6, 2023 / NOA Lithium Brines Inc. (TSXV:NOAL), (FSE:N7N) (\"NOA\" or the \"Company\") is pleased to provide an update on the progress of the Phase 1 diamond drill program at its Rio Grande project (\"Rio Grande\" or the \"Project\"). Drilling on the third hole, RG23-003, located at the Cristina claim on the surface salar was completed to a depth of 659 meters (\"m\") and full laboratory results are expected in the coming weeks. Preliminary highlights of the third hole include:Lithium brine-saturated geological units (\"units\") starting at approximately 15 m below surface.More than 500 meters of lithium brine-bearing units (48 total packer tests thus far).Believed to be the deepest reported occurrence of permeable brines at Rio Grande.Preliminary results confirm lithium content in the brine all along the depth of the well, with lab geochemical analyses in progress.NOA's Chief Executive Officer Gabriel Rubacha states: \"Results from our third hole are very encouraging. As in our second hole which was also drilled on the surface salar, brines were intercepted essentially starting at surface. In addition, over 80% of this +600 m hole intercepted lithium brine-saturated units, representing an incredible thickness. With two rigs now operating, we plan to start holes 4 and 5 in September and we remain on track to complete the 6-hole Phase 1 drill program in Q4 2023 and finalize a maiden resource estimate for Rio Grande thereafter.\"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, except for a few horizons of 10-30 m thickness. In general, halite and interstitial sands were the dominant lithologies, with amounts of each varying along the depth.Brine packer samples have been sent for laboratory analyses, including multi-element geochemical analysis for lithium and other relevant e...