Argentina Lithium Initiates Deep Geophysical Survey at Arizaro Project
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NEWS RELEASE – June 4, 2018
Argentina Lithium Initiates Deep Geophysical Survey at Arizaro Project
Vancouver, BC / Globe Newswire / June 4, 2018 / Argentina Lithium & Energy Corp . (TSX-V: LIT,
FSE: OAY2 (WKN: A0RK7E ), OTC: PNXLF) , “Argentina Lithium ” or the “Company”) is pleased to
announce that it has commenced a CSAMT geophysical survey program to map deeper stratigraphic units
(layers) in order to delineate additional drill targets at its 100%-controlled Arizaro Lithium Brine Project in
Salta Province, Argentina.
“From the outset our model indicated that lithium brine targets in the centre of the Arizaro basin would be
deep,” said Nikolaos Cacos, President and C.E.O. “Our initial program was limited to about 400 metres
depth and it did not reach the aquifer. This survey will give us a better model of the depths below 500
metres so we that can plan a follow-up drill program.”
The initial 3 -hole drill program completed in 2017 encountered low levels of brine at depths up to 356
metres, and individual samples returned up to 257 mg/L lithium and 14,653 mg/L potassium. Hole AR -01
ended at 398 metres in sand units considered promising for hosting a brine aquifer. (See News Release
dated November 14th 2017, filed on SEDAR).
In addition to mapp ing deep stratigraphic units, the survey will provide additional information to interpret
subsurface characteristics , including lithology, basement geology, faults, weak or weathering zones,
depression zones, groundwater level, and brine bearing formations.
The survey will consist of three East-West lines, each 13.5 kilometres long, plus two North-South lines of
10 and 20 kilometres each. The CSAMT sounding will have a spacing of 500 to 1000 metres. The
investigation depths of the CSAMT method in this env ironment should provide information below 500
metres from the surface.
The survey will be completed by the technical staff of GEC geophysical company us ing the STRATAGEM
EH-4 equipment which provides high-resolution two-dimensional images of geologic structures by detecting
and mapping variations in subsurface conductivity / resistivity. STRATAGEM EH-4 uses the magnetotelluric
(MT) method to measure subsurface conductivity. The magnetotelluric method is based on the fact that the
ratio of the magnetic to e lectric fields (known as the impedance) at a given frequency is constant for a
constant resistivity. Natural signal sources, such as lightning activity, can be measured to determine this
ratio. Unfortunately, natural signals are sometimes not available at the time, frequency, and amplitudes
needed. Stratagem’s hybrid -source technique helps overcome this problem. Hybrid source use s a
combination of natural MT signals and man -made transmitter signals. Any available natural background
signals are used in the e ntire frequency band while the STRATAGEM transmitter is used to provide
additional high-frequency signals in the range of 1 k Hz to 70 k Hz where natural signals are weak.
Incahuasi Lithium Project Update
On March 13th, 2018, the Company announced the commencement of its first drill program at the Incahuasi
salar. The program was budgeted to include up to 4 diamond drill holes to depths of approximately 400
metres. The holes are designed to test two highly conductive domains i dentified by a Vertical Electrical
geophysical survey (VES), and interpreted as brine bodies, along 12 kilometres parallel to the long axis of
News Release June 4, 2018
Argentina Lithium & Energy Corp. Page 2
the salar. To date, two holes have been completed to depths of 300 and 190 metres respectively. The
third hole is still in progress, and has passed 200 metres depth. Brine samples are being submitted for
analysis on a batch basis, and results will be published at the end of the program when all analytical results
are received and interpreted.
About the Arizaro Lithium Brine Project
The Company holds, or has under application, over 13,000 hectares, and has the option to earn a 100%
interest in an additional 20,500 hectares on the Arizaro Salar, the largest in Argentina and third largest in
the “Lithium Triangle”. 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.
About the Incahuasi Lithium Brine Project
The Incahuasi Brine Project includes 100% interest in 25,500 hectares covering t he entire Salar de
Incahuasi in the northwest of Catamarca Province, in the southern half of the "Lithium Triangle". Access to
the Incahuasi salar is by gravel road, approximately 34 kilometres southwest from the town of Antofagasta
de la Sierra. The geological env ironment at Incahuasi is similar to other salars in the Puna region where
lithium and potash are found.
Qualified Person
The work programs at the Arizaro and Incahuasi Projects have been 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.
For additional information on the projects please see the Company website www.argentinalithium.com .
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]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts
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.