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The 2 northernmost holes drilled as part of the maiden Red Hill RC screwing strategy, RMRC002 and you can RMRC003, intersected thin zones out of near-surface lithium mineralisation. It actually was interpreted at the time these particular a couple of holes ‘clipped’ the edge of a zone away from lithium results clay-steeped stones which was going to thicken for the east (see ‘open’ arrow in the Figure step three)9. RMDD002 was designed to try this interpretation and you will, concurrently, offer the new mineralisation 375m next north below a keen extrapolated zone from solid material chip try results (Profile 1). The company’s maiden drill strategy in the Red Mountain constructed eleven RC exercise gaps for example,518m more a great cuatro.6km strike duration. It venture are extremely profitable with solid lithium mineralisation intersected within the the hole drilled9.
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A pumping sample from the LV05 was first conducted in the 1st strategy and you may provided a great pre-make sure a 48-hours ongoing discharge sample to your April 8, 2023. Within the 2024 strategy, one step-launch and you can a steady-release were conducted in the LV05, however, due to bad weather, a long-identity constant speed attempt could not end up being finished. Inside basic campaign, a pre-ensure that you a steady launch test had been used at the LV06 and you may an extended-term (7-day) ongoing rate test is held inside the 2024 strategy. The regional geology of your Investment town is usually characterised by the eruptive and you can sedimentary sequences. Laguna Verde are a keen young clastic salar basin, to the lagoon effectively add up to the newest evaporative “salar nucleus”. The project includes a good lithium-rich aquifer found beneath the lagoon as well as in the encircling sediments.