MGX Minerals also said that its joint venture partner A.I.S. Resources has received the final TEM Geophysics report from Quantec.
The report includes a detailed analysis and interpretation of the TEM profiles. Two major aquifer structures based on low resistivity have been identified.
A.I.S. Exploration Director and CEO, Phil Thomas, undertook a 20 trench sampling program using a 321C Caterpillar excavator to trench down to 5 metres at each point selected at the Salinitas JV Project in the Salinas Grandes Salar, Salta Province, Argentina.
The objective was to identify the types of sediments with a specific resistivity close to the surface and identify the porosity of this unit, eg stratigraphic units of green grey clays, sand, black volcanic sands or brown clays. The black sands have a porosity of 22-32% +/- 3%.
Preparations have commenced to start a drilling program in the next two weeks subject to drill rig availability. Some drill pad preparation and roads have been upgraded and drill rig fluid pits have been dug at trench site 12 and 18 in preparation for drill hole 1, and if successful, drill hole 2.
About the Salinitas Lithium Brine Project
The Salinitas tenements are located in the lithium triangle at the Salar de Salinas Grandes, in the Province of Salta. The 4,308 hectare contiguous land package resides in the Puna region of northwest Argentina near the border of Chile, an area renowned for its lithium- and potassium-rich brine resources.
MGX has partnered with A.I.S. Resources (TSX.V: AIS) on the Project and is currently earning an undivided 80% interest by incurring total exploration expenditures of at least US$1.2 million by May 31, 2020 and by making payments totaling US$3.2 million which are primarily due at that time.
Source: Company Press Release
