Argentina Lithium Confirms Lithium at Depth at Arizaro Salar and Extends Testing Program
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NEWS RELEASE – November 14, 2017
Argentina Lithium Confirms Lithium at Depth at Arizaro Salar and
Extends Testing Program
Vancouver, BC / Marketwired / November 14, 2017 / Argentina Lithium & Energy Corp. (TSX-V: LIT,
FSE: OAY1 (WKN: A0RK7E ), OTC: PNXLF) , “Argentina Lithium ” or the “Company”) is pleased to
announce that the first two drill holes at the Arizaro project have encountered lithium-bearing brines below
surface in the central area of the salar with values as high as 257 mg/ l lithium. A substantial brine aquifer
has not yet been reached but modest volumes of significant ly anomalous lithium -bearing brines were
retrieved starting at depths of between 15 and 356 metres. The depth of drilling was limited by the drill
equipment used, therefor e the Company plans to continue drilling in these areas using suitable deeper -
drilling equipment, following more detailed geophysical and seismic surveys of the Arizaro basin.
“Our model for this property was for a brine aquifer at depth, so we were pleased to have anomalous results
in our first two holes ,” said Nikolaos Cacos, President and C.E.O. “These results support the theory of a
source aquifer below where we were able to reach, therefore we are continuing our exploration to pinpoint
the best location and depth to continue testing.”
Drill Program Details
Three holes have been drilled on the property, including two in the central claim block (ARI-01, ARI-02) and
one on the south claim block. Due to time c onstraints on the program, two drill rigs were employed. At
hole ARI-01 the rig was capable of deeper drilling, however it was unable to advance past 398 metres due
to the rods getting trapped. Hole ARI-02 was drilled using a rig capable of reaching 300 metres which was
originally considered sufficient based on the geophysics . Later, due to the results from Hole ARI -01, the
second hole was considered prospective at lower depths, however the rig capable of the deeper drilling
was no longer available.
The central area holes both drilled through mainly massive halite with short sections of intercalated clay
layers, or layers of sand. At approximately 300 metres depth Hole ARI-01 encountered mainly sand with
lessor sandstone layers to the end of the hole at 398 metres, with several anomalous results in these
units. Hole ARI-03 in the southern claim block drilled through a halite cap to approximately 9 metres,
then 23 metres of high porosity sand that was followed by a mix of low porosity mixed sand units to 236
metres depth. The hole finished in the basement of red conglomerates of moderate porosity. Drill hole
sections for the first two holes are shown in Figure 1: https://argentinalithium.com/assets/news/Fig-1-
DH-Sections-110917.pdf .
Results of sampling are compiled in Table 1 below, and hole location information is listed in Table 2 below.
Samples of brine were obtained by either bailer or packer testing, depending on the drill rig, as outlined
below. Volumes of brine were low and no substantial aquifer was intersected. Hole ARI-01 ended in sands
with highly anomalous values, and the Company is optimistic that a higher grade lithium-brine aquifer could
still be present at greater depths. ARI -02 ended in massive halite, however, it was not drilled as deep as
the first hole. These holes were positioned based on low resistivity/high conductivity results from the
News Release November 14, 2017
Argentina Lithium & Energy Corp. Page 2
vertical electric sounding survey s, however this method provides limited information at depths below
approximately 300 metres. Therefore, the Company plans to execute a seismic and Controlled-source
Audio-frequency Magnetotellurics (CSAMT) geophysical surveys to better map the depths of the basin and
conductive layers that may be related to lithium-bearing brines.
Results for ARI -03 in the southern claim block are incomplete at the time of writing , however based on
preliminary analyses the remaining samples from the bottom are expected to have similar or lower levels
of lithium and potassium to those from the top of the hole.
Table 1. Drill Results
Hole Sample Depth (m) Li (mg/L) Mg (mg/L) K (mg/L) Density
AR_01
61288 190 239 4608 9171 1.220
61285 238 256 4996 9838 1.222
61282 308 242 4579 9338 1.222
61278 326 223 4100 8538 1.220
61274 356 194 3871 9213 1.220
61270 368 50 366 1727 1.214
ARI-02
61267 15 181 10070 10469 1.219
61264 76 257 15035 14653 1.226
61260 108 43 293 1487 1.214
61256 205 60 1508 2681 1.214
61252 298 39 224 1382 1.214
AR_03
61291 46 36 524 1428 1.215
61295 68 45 581 1636 1.215
69602 57 39 545 1535 1.215
69606 80 47 574 1716 1.215
69609 90 47 574 1679 1.215
69612 100 40 550 1558 1.216
69615 110 41 553 1583 1.215
69618 130 41 558 1584 1.215
69621 149 42 563 1600 1.215
69626 203 pending pending pending 1.192
69630 224 pending pending pending 1.192
69634 250 pending pending pending 1.193
69638 188 pending pending pending 1.192
69641 167 pending pending pending 1.193
Table 2. Drill Hole Locations
Hole Easting Northing Elevation
(m)
Azimuth
(deg)
Dip
(deg)
Final
depth (m)
ARI-01 2,623,406 7,260,794 3,474 0 -90 398
ARI-02 2,633,054 7,273,353 3,473 0 -90 298
ARI-03 2,622,871 7,243,190 3,475 0 -90 251
News Release November 14, 2017
Argentina Lithium & Energy Corp. Page 3
Methodology and QA/QC
Samples in Hole ARI-01 were collected with a double packer. This method allows the collection of samples
at specific depths while sealing the hole at the bottom and at the top of the sample . The second drill rig
used for holes ARI-02 and -03 was not equipped to sample with a double packer, therefore samples were
collected with a Bailer apparatus. Hole ARI-1 was drilled at HQ3 size (outer diameter of 95.76 mm) . Hole
ARI-02 was drilled at HQ3 from 0 to 105.3m and then completed at NTW size (75.88 mm). Hole ARI-03
was drilled from 0 to 140.15m at HQ3 then at NTW.
All samples were collected in hard white plastic 1 litre bottle s with samples numbers clearly identified. The
samples were sent to the Alex Stewart Argentina S.A laboratory in Mendoza, Argentina (“Alex Stewart”),
an ISO 9001:2008 certified laboratory, with ISO 17025:2005 certification for the analysis of lithium and
potassium. Alex Stewart employed Inductively Coupled Plasma Optical Emission Spectrometry (“ICP-
OES”) as the analytical technique for the primary constituents of interest, including: boron, calcium,
potassium, lithium, magnesium and sulphur. Measurements in the field included pH, conductivity,
temperature and density. The laboratory took the same measurements and they were consistent with the
field data. A duplicate set of samples with different numbering was sent to the Alex Stewart NOA laboratory
in Jujuy, and the results confirm the Mendoza lab analyses.
About the Arizaro Lithium Project
The Company has the option to earn a 100% interest in the Arizaro Lithium Brine Project, including 20,500
hectares in the central core of the Arizaro Salar, the largest in Argentina and third largest in the “Lithium
Triangle”. Very little historic exploration work has been done on the Arizaro Salar, however the central area
is interpreted to have the geologic conditions to be the most prospective for qu ality brine resources.
Furthermore, the Arizaro Salar benefits from a strategic location for infrastructure, including: a railway that
connects to the deep water port of Antofagasta, nearby advanced mining projects that are expected to bring
significant development of access routes and power, and the availability of water for development. For
additional information on the Project please see the Company website www.argentinalithium.com .
Qualified Person
The program was undertaken under the supervision of David Terry, Ph.D., P.Geo ., a Director of the
Company and a Qualified Person as defined in National Instrument 43 -101. The contents of this news
release have been reviewed and approved by Dr. Terry.
About Argentina Lithium
Argentina Lithium & Energy Corp is focused on acquiring high quality lithium projects in Argentina, and
advancing them towards production in order to meet the growing global demand from the battery sector.
The management group has a long history of success in the resource sector of Argentina, and has
assembled a first rate team of experts to acquire and advance the best lithium properties in the world
renowned “Lithium Triangle”. The Company is a member of the Grosso Group, a resource management
group that has pioneered exploration in Argentina since 1993.
ON BEHALF OF THE BOARD
“Nikolaos Cacos”
_______________________________
Nikolaos Cacos, President, CEO and Director
For further information please contact:
Corporate Communications
Tel: 1-604-687-1828
Toll-Free: 1-800-901-0058
Email: [email protected]
News Release November 14, 2017
Argentina Lithium & Energy Corp. Page 4
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responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore
involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Readers are
encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future
results. The Company undertakes no obligation to publicly update or revise any forward -looking statements. We advise U.S. investors that
the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral
deposits on adjacent properties are not indicative of mineral deposits on our properties.