The property extends over a salar where surface samples were taken over a distance of 74 miles (120 kilometers) which assayed between 53 to 188 ppm lithium in the northern part of the property and between 15 and 82 ppm in the southern part of the property. The average grade of 24 samples taken assayed at 74ppm. It is important to note that the samples were taken by auger from the surface and are salts and not from brines which are likely at depth. The samples also assayed between 1% and 1.9% potassium at both ends of the property.
The basin has geologic attributes to develop lithium brines, including recent tectonic and volcanic activity; many hot springs; young rhyolitic volcanic lavas; high heat flows within the region; and ash flow tuffs surrounding and within the basin. There are paved roads, 100 miles to the USA border, power lines at the property, and 25 miles to a deep water port and service center.
The Company will complete further geologic mapping, a large number of surface samples, as well as resistivity and gravity surveys to drill test certain targets this May and June.