San Jorge Lithium Project - Exploration Update
| Stock | Greenwing Resources Ltd (GW1.ASX) |
|---|---|
| Release Time | 15 Jan 2025, 9:10 a.m. |
| Price Sensitive | Yes |
San Jorge Lithium Project - Exploration Update
- Geophysical surveys confirm brine extends more than 4km west and 5km north of salar
- Brine body reaches depths of 600m, exceeding previous drilling
- Lithium grades increase with depth, suggesting potential for higher grades
- Significant potential to expand maiden resource with further drilling
Greenwing Resources Ltd (ASX:GW1) has provided an update on its San Jorge Lithium Brine Project in Argentina, where the company has defined a maiden Mineral Resource Estimate of 1.07 Mt of Lithium Carbonate Equivalent. The completion of Magnetotelluric (MT) and Transient Electromagnetic (TEM) geophysical surveys has strongly supported the interpretation that the lithium-bearing brine extends significantly beyond the current resource area, to the west and north of the salar, as well as to greater depths. The MT results confirm the brine body extends to a depth of approximately 600 metres, exceeding the depth of the previous drilling program. Importantly, the brine body remains open at the western limit of both the MT and TEM surveys. The drilling results have also shown that lithium concentration increases with depth, suggesting the potential for higher grades at greater depths. The geophysical surveys have revealed that the brine extends more than 4 kilometres west of the salar boundary and over 5 kilometres to the north, providing significant opportunities to grow the project's resource. Greenwing has the sole rights to acquire 100% of the salar and surrounding area, maximizing flexibility for future activities. The company is now well-positioned to advance the San Jorge project, with plans for a Phase 2 drilling program to further define and expand the resource.
Greenwing plans to advance the San Jorge project with a Phase 2 drilling program to further define and expand the resource, taking advantage of the significant potential identified through the geophysical surveys.