Key Points in this release:
- Geophysical Exploration Campaign: LEXI initiates a
comprehensive geophysical exploration in its Antofalla South
Project, marking a significant step in lithium production to
support the global energy transition.
- Strategic Expansion: Building on the success of the
first well in Antofalla North, LEXI's CEO, Ali Rahman, emphasizes
the broadening of LEXI’s footprint in Antofalla by exploring the
company’s southern properties.
- Innovative Techniques: Utilizing proven techniques such
as 2D magnetotelluric resistivity and 1D transient electromagnetic
surveying, the exploration aims to map out brine and changes in
porosity across the approximately 4,000-hectare LEA 26
property.
Lithium Energi Exploration Inc. (TSXV: LEXI) (“LEXI”
or the “Company”) is pleased to announce the commencement of a
new geophysical exploration campaign in its Antofalla South
Project, marking another significant step in our journey to produce
the lithium required to actually build the energy transition.
Surface geophysics is an important part of defining brine
drilling targets and resources. Electrical geophysics uses
variations in physical properties to map out brine and changes in
porosity. These techniques have proved highly successful in many
brine projects in Argentina, and we look forward to applying them
here.
The campaign will begin in the almost 4,000-hectare LEA 26
property. There we will carry out 2D magnetotelluric resistivity
and 1D transient electromagnetic surveying of more than 200 points
throughout the property. Using the data obtained, LEXI will prepare
an exploration drilling campaign anticipated to commence in Q4
2023. The geophysics campaign will commence in approximately 10
days, and we expect to have the results by the first week of
September.
“With the first well in Antofalla North now complete, and the
second well in our Antofalla North Project to commence shortly, we
plan to use this momentum to expand LEXI’s footprint throughout the
salar by exploring our Antofalla South Project,” stated LEXI’s CEO,
Ali Rahman. “We’ve long believed that our southern properties,
particularly LEA 26, are a tremendous opportunity to discover and
produce the lithium needed to meet the demands of the energy
transition.”
The geophysical exploration will involve more than 200 points
that will be measured and geo-referenced. Recommendations for
exploratory wells will then be made. The area covers salt crust,
such as that hosting the adjacent Albemarle lithium project,
covering the core of the salt lake. The geophysics will evaluate
brine distribution and porosity within the salt and possible
extensions off the salt lake below gravels and volcanic units, with
resistivity data providing information on brine distribution, and
zones with low resistivity anomalies representing aquifers with
brines. Shallow salt deposits are known to have very high specific
yield porosity and permeability in salt lakes such as Hombre Muerto
and Rincon in Argentina, both the site of major lithium projects. A
Geological-Geophysical Report will be prepared with all the
information obtained from the measurements.
The technical content of this news release has been reviewed and
approved by Mr. Murray Brooker, RP. Geoscientist 10,086, a
consultant of the Company, and a qualified person as defined by
National Instrument 43-101.
About Lithium Energi Exploration, Inc.
Lithium Energi Exploration, Inc. is an exploration company
focused on the acquisition, exploration, and development of lithium
brine assets in Argentina. Headquartered in Toronto, Ontario, with
offices in Catamarca, Argentina, the Company's shares are listed on
the TSX Venture Exchange (TSXV: LEXI), the Frankfurt Exchange (FSE:
L09), and the U.S. over-the-counter market (OTC: LXENF). LEXI's
portfolio of prospective lithium brine concessions in the Argentina
Province of Catamarca (heart of the lithium triangle) includes
approximately 57,000 hectares and a 20% interest in Triangle
Lithium Argentina, S.A., which owns an additional 15,000 hectares -
all located in and around the Antofalla Salar, one of the largest
basins in the region, which is over 130 km long and up to 20 km
across. LEXI is committed to innovation, sustainability, and
quality, striving to differentiate itself from other players in the
industry to maximize its potential for success. For more
information, please visit our website at lithiumenergi.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“Ali Rahman”
________________________
Ali Rahman, Chief Executive Officer & Director
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release contains "forward-looking information" and
"forward-looking statements" (collectively, "forward-looking
statements") within the meaning of the applicable Canadian
securities legislation. All statements, other than statements of
historical fact, are forward-looking statements and are based on
expectations, estimates and projections as at the date of this news
release. Any statement that involves discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions, future events or performance (often but not always
using phrases such as "expects", or "does not expect", "is
expected", "anticipates" or "does not anticipate", "plans",
"budget", "scheduled", "forecasts", "estimates", "believes" or
"intends" or variations of such words and phrases or stating that
certain actions, events or results "may" or "could", "would",
"might" or "will" be taken to occur or be achieved) are not
statements of historical fact and may be forward-looking
statements.
These forward-looking statements are based on reasonable
assumptions and estimates of management of the Company at the time
such statements were made. Actual future results may differ
materially as forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to materially
differ from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such
factors, among other things, include: the results of preliminary
testing proving accurate and repeatable over time and at commercial
scale; the absence of material changes with respect to the Company
and its businesses; possible variations in mineralization, grade or
recovery rates; actual results of exploration activities;
conclusions of future economic evaluations; fluctuations in general
macroeconomic conditions; fluctuations in securities markets;
fluctuations in spot and forward prices of commodities;
fluctuations in currency markets (such as the Canadian dollar to
United States dollar exchange rate); change in national and local
government, legislation, taxation, controls, regulations and
political or economic developments; risks and hazards associated
with the business of mineral exploration, development and mining
(including environmental hazards, industrial accidents, unusual or
unexpected formations pressures, cave-ins and flooding); the
speculative nature of mineral exploration and development
(including the risks of obtaining necessary licenses, permits and
approvals from government authorities); and title to properties;
failure to of the parties to the Transactions to comply with the
terms and conditions of the definitive agreements relating to the
Transactions; and the use of proceeds. Although the forward-looking
statements contained in this news release are based upon what
management of the Company believes, or believed at the time, to be
reasonable assumptions, the Company cannot assure its shareholders
that actual results will be consistent with such forward-looking
statements, as there may be other factors that cause results not to
be as anticipated, estimated or intended.
Readers should not place undue reliance on the forward-looking
statements and information contained in this news release. Except
as required by law, the Company assumes no obligation to update the
forward-looking statements of beliefs, opinions, projections, or
other factors, should they change, except as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230801031183/en/
For media inquiries: Ian Murphy press@lithiumenergi.com (310)
689-6397
Alexis Practical Tactica... (AMEX:LEXI)
過去 株価チャート
から 11 2024 まで 12 2024
Alexis Practical Tactica... (AMEX:LEXI)
過去 株価チャート
から 12 2023 まで 12 2024
