Proactive Investors - Run By Investors For Investors

Pepinnini Resources to increase lithium focused news flow from Rincon

Positive drilling results at Rincon Project have boosted management's confidence.
Picture of lithium symbol on periodic table
Pending laboratory results from Rincon Project could provide further share price support

Pepinnini Lithium Ltd’s (ASX:PNN) drilling from one borehole of the company’s Rincon Lithium Brine Project located in Argentina has revealed encouraging mineralisation.

The borehole intersected three distinct rock type sequences from 1 metre to 24.8 metres.

Mineralisation intersected included caliche (calcrete), sand, silt, clay and porous halite.

Between 26 metres and 69.5 metres black sands were intersected, while fractured basement rocks (basalt) from which brine was sampled.

Preliminary density results from laboratory analysis confirmed readings taken in the field which indicated the presence of brine.

Upcoming catalysts build on recent news driven rerating

In the second half of December, shares in Pepinnini more than doubled to a 12 month high of $0.094 on December 28.

A second borehole located circa 4 kilometres to the north has been completed, potentially providing further valuable information for the company.

View full PNN profile View Profile

PepinNini Lithium Ltd Timeline

Related Articles

1549376522_lithium-100118-2.jpg
February 06 2019
Neo Lithium has a sizeable resource in one of the world's prime lithium locations
Evaporation ponds
Tue
The project lies in the heart of the "Lithium triangle" - home of other well-known producers of the commodity
salar del diablo
June 04 2019
One World sees a lot of similarities between Salar del Diablo and Salar de Atacama, the world’s largest lithium brine deposit which produces 27% of the world’s supply

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use