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Lithium Australia NL to drill for lithium clays in Mexico

Drilling will commence this month in the world renown lithium clay province.
Lithium Australia NL to drill for lithium clays in Mexico
The company has earned a 49% interest in the project

Lithium Australia NL (ASX:LIT) will commence drilling later this month at the Agua Fria prospect located within the Electra lithium clay project in Mexico.

The company is in a joint venture with Alix Resources Corp (CVE:AIX) where Lithium Australia has earned a 49% interest.

The planned drill program is for 3,000 metres which will to provide coverage over a 5 kilometre strike of the mineralised zone.

Initial indications from trench samples are that lithium minerals account for less than 50% by weight, of typical mineralized zones allowing for significant beneficiation potential.

Adrian Griffin, managing director, commented: “The region offers great lithium potential, as has been demonstrated nearby, by Bacanora Minerals (CVE:BCN).”

The target zone

The target zone at Agua Fria consists of lithium clays and is shallow dipping, exposed over widths of up to 800 metres and over a strike length of ~5 kilometres.

Numerous surface samples have returned grades exceeding 1,000 ppm lithium - grades considered to be high in samples of this provenance.

In preparation for drilling, 24 samples obtained through shallow trenching at Agua Fria have been examined to determine:

- Mineralogy;
- Lithium distribution;
- Lithium grade;
- Scope for beneficiation; and
- By-product potential.

Initial indications are that lithium minerals account for less than 50% by weight, of typical mineralized zones.

This may allow significant beneficiation potential allowing the production of higher grade concentrates, prior to processing, subsequently reducing operating costs.

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