Lithium Power International ahead of schedule with drilling at Chilean project

Lithium Power International ahead of schedule with drilling at Chilean project

Proactive Investors

Published

Lithium Power International Ltd’s (ASX:LPI) (OTCMKTS:LTHHF) drilling program at Maricunga Lithium Brine Project in Chile is ahead of schedule with three exploration core holes completed to the target depth of 400 metres and the fourth one is passing 300 metres. After the fourth core hole, a fifth exploration hole is planned with the program expected to be concluded in early May, two weeks ahead of schedule. The company started additional exploration at the project with the aim of expanding the current resource, which is presently just from near surface to 200 metres depth but will now include the results between 200 metres and 400 metres. LPI has sent the first set of 31 undisturbed core samples collected from three holes to GeoSystems Analysis Laboratories in Tucson, Arizona, and the results of drainable porosity and other hydraulic parameters are expected by the middle of May. Of the total of 56 brine samples collected at 12-metre intervals during the drilling, 20 samples have been sent to Andes Analytical Assay for analysis, and the preliminary analysis shows average lithium concentrations above 1,000 parts per million and a positive lithium/calcium/magnesium ratio. Pleased with positive results LIP’s CEO Cristobal Garcia-Huidobr said: “We are very pleased with positive results to date and the progress of the drilling activities with more than 70% of the work completed. “Commencement of the DFS update by Worley and the basic engineering by GEA will allow the planned scheduled to be achieved.” Further progress Optimisation of the production process continues with GEA Messo in Germany, with basic engineering already started for the re-sizing of the plant to 15,000 tonnes per annum LCE production. Final tests for the Solvent Extraction (SX) Removal plant and for the Ion Exchange plant were finalised with Outotec (Finland) and Eurodia (France) respectively. A 200-metre water well was also drilled by Andinor in early April for freshwater testing activities. Drilling of a 400-metre-deep production well for the long-term pump test planned continues and has reached the 35% stage of advancement. A third shift has been added by Andinor to continue with the schedule as projected.

Full Article