logo-loader
viewPepinNini Lithium Ltd

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.

Quick facts: PepinNini Lithium Ltd

Price: 0.002 AUD

ASX:PNN
Market: ASX
Market Cap: $2.87 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Lithium Australia outlines 2020 strategy

Lithium Australia NL (ASX:LIT) managing director Adrian Griffin discusses the company's vision and plans for 2020 with Proactive's Benjamin Starr. The company has an integrated strategy aimed at servicing the lithium battery industry and this includes resources, technology, processing and...

21 hours, 14 minutes ago

2 min read