The crew has currently completed the drilling of hole 1 of the 24 holes planned for this second stage of drilling on the Concessions.
The first hole on this campaign (ES-11) was drilled approximately 200 metres northeast of hole ES-01 and is within 20 metres of the boundary with the La Ventana concession.
It was drilled to a total depth of 258.16 metres and intersected a 35 metre interval of the upper clay unit and a 24 metre interval of the lower clay. The estimated true thickness of the upper clay is 33 metres and that for the lower clay is 22.5 metres.
The Stage 2 diamond drill program will consist of the drilling of approximately 3,500 metres of NQ core in 24 holes, with the following objectives:
? Complete infill holes required to upgrade the previously determined inferred resources on the Concessions and on the neighbouring La Ventana concession, and
? Conduct step-out drilling to test for extensions of the previously determined inferred resources, particularly onto the newly staked concessions, where geological mapping and the results of previous drilling conducted by the Company indicate that the lithium-bearing clay units extend.
The drilling program is estimated to take approximately 5 months, with final results of drill core analyses expected in late March 2014. The Company expects to make periodic announcements of results as they become available.
In conjunction with this second stage drilling program, geological mapping and rock sampling will resume on the Concessions in order to provide the Company with a full assessment of the lithium potential of its land holdings.
