Power Minerals Limited (ASX: PNN) has reported excellent results from the first drill hole in its JORC Mineral Resource drilling program at Rincon Salar, part of the Salta Lithium Project in Argentina. The drill hole, which returned lithium grades of up to 331mg/L and an average brine density of 1.20kg/L, confirms the Mineral Resource potential at Rincon.
The drilling campaign at Rincon aims to increase the existing JORC Mineral Resource and consists of three diamond core holes. The second hole has reached a depth of 520m, with results expected in July 2023. These findings will contribute to a Preliminary Economic Assessment (PEA) currently underway for Rincon. Rincon is one of the five salares that make up Power's Salta Project. The JORC Mineral Resource drilling program is aimed at significantly upgrading the existing JORC Lithium Resource in Salta to support future development plans.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.