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Pepinnini Lithium starts drilling next lithium target in Argentina

A four hole program is underway at the Pular project.

Periodic table
The company is focused on targets in South America’s Lithium Triangle

Pepinnini Lithium Ltd (ASX:PNN) has started drilling at the Pular Lithium Project which forms part of the Salta project in Argentina.

The borehole is expected to be drilled up to 250 metres deep in the next two weeks with another three holes planned over the next month.

Pular is southwest of the company’s Rincon project where a drilling program was completed late last year.

Pumping test well planned at Rincon

Following the Pular drilling, Pepinnini will drill a well for pumping tests at Rincon.

This decision was made after the company received positive results from two boreholes.

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

$1.5 million raised in placement

The company recently raised $1.5 million in a placement with funds to progress its lithium strategy at the Salta project, which is within the Lithium Triangle of South America.

Drilling has also been carried out at the Pocitos project, south of Rincon, with sample results indicating low grade lithium brine.

Quick facts: PepinNini Lithium Ltd

Price: 0.002 AUD

ASX:PNN
Market: ASX
Market Cap: $3 m
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