Argentine mining company Argentina Lithium & Energy Corp, a member of the Grosso Group and a partner of the automaker Stellantis, has announced encouraging results from exploration holes No. 10 and No. 11 in its lithium project Rincón Oeste, located in the province of Salta. The samples collected from a section of 295.5 meters in the well "RW-DDH-010" ranged from 245 to 366 mg/l of lithium. Likewise, samples collected from a section of 321 meters in "RW-DDH-011" varied between 246 and 344 mg/l of lithium.
By Panorama Minero
“Our tenth exploration hole was situated to test the continuity of the brine aquifer as our drilling extends eastward into the main salar basin. These results demonstrate continued strong grades and an exceptional interval length. For our eleventh hole, we moved 2.7 kilometres to the southeast, to test the salt flat in the southern and eastern portion of our main block at the Rincon West project. This produced another long interval of concentrated brines and recovered cores containing fractured crystalline halite and coarse, poorly cemented sediments, which may be excellent formations for pumping potential. We were not able to reach the bottom of the basin formation in the eleventh hole. We plan to extend our ongoing drilling to greater depths, with the objective of drilling into basement rock and defining the bottom of the aquifer.” stated Miles Rideout, V.P. of Exploration.
Moreover, a broad selection of samples has been sent for brine recovery tests at an independent laboratory, and the results are pending.
The Rincón Oeste Project covers 5,198 hectares of the basin of the salt flat with three adjacent property blocks to the Rincón Project of Rio Tinto. The drilling holes RW-DDH-010 and RW-DDH-011 represent the first two of a six-well program planned for Rinconcita II property, as announced in the company's press release on October 19 last year. The Rinconcita II property represents a continuous extension of the western sandy basin in Rincón Oeste.
Situated at approximately 3,760 meters above sea level, the geological environment in the Salar de Rincón is similar to other lithium and potash-bearing salt flats in the Puna region.
The Rincón Oeste Project is located near the railway, only 17 kilometers south of Provincial Route 51, the international road connecting to the coastal ports of Chile. It is situated in Salta, approximately 150 kilometers from the town of San Antonio de los Cobres. Additionally, the InterAndes energy corridor is less than a kilometer from the salar.
Join our mining community!
Subscribe to our newsletter for exclusive news, insights, and updates on the mining industry and Panorama Minero's latest initiatives.
Lunahuasi: NGEx Drills 12.25m at 23.35% CuEq and 11.90m at 10.74% CuEq
NGEx Minerals Ltd. provided the first update on its ongoing Phase 3 drill program at the 100% owned Lunahuasi high-grade copper-gold-silver project in San Juan province. Drilling started in mid-October 2024, and six diamond drill rigs are currently working on the project.
Catamarca present in the Raw Materials Business Forum in Brussels
As part of the Raw Materials Week held in Belgium, the representatives of Catamarca, Marcelo Murua, Minister of Mining, and Susana Peralta, president of CAMYEN, held several meetings with European Union authorities, companies, and financial entities to present investment opportunities.
Historic: Catamarca Province takes over the presidency of YMAD and the Capillitas Mines Complex
Governor Raúl Jalil signed on Friday 13th of December, with Minister of Economy Luis Caputo the province’s adhesion to the Extinction of Reciprocal Obligations Regime.
AbraSilver: Step-Out Drilling at Diablillos Expands High-Grade Silver Mineralization
AbraSilver Resource Corp. announced assay results from the ongoing, fully-funded 20,000 metre (“m”) Phase IV drill program, on its wholly-owned Diablillos project, located in Salta province. Step-out drilling at the JAC Zone continues to deliver high-grade silver intercepts, further expanding the mineralized footprint of the deposit. Key highlights from the latest assay results include:
Gold in Argentina, with Great Prospects
The golden metal is the leading actor in Argentina's mining exports. Its future is largely tied to copper.
Argentina Reaches Record Figures in Mining Exploration in 2024, with San Juan Leading Investments
According to data presented by the Group of Exploration Companies of Argentina (GEMERA) at the "Argentina Gold, Silver and Copper" seminar, organized last week by Panorama Minero, foreign investment in mining exploration reached US$493.4 million in 2024, representing a 15.7% increase compared to the previous year. This progress positions Argentina as the sixth global destination for mining investments, surpassing countries such as Peru and Brazil.
McEwen Copper Secures Environmental Permit for Los Azules
McEwen Copper Inc., a subsidiary of McEwen Mining Inc., has obtained approval for the Environmental Impact Assessment (EIA) of the Los Azules copper project. The Environmental Impact Declaration (DIA), issued by the Ministry of Mining of the Province of San Juan, marks a crucial step toward the project's feasibility, construction, and future operation.
Argentina Exports US$3.611 Billion in Mining in 2024
Mineral product exports from Argentina reached a total of US$442 million in October 2024, bringing the total for the first 10 months of the year to US$3.611 billion. This performance represents a 61% year-on-year increase in October and a 12.6% growth for the year-to-date, compared to the same period in 2023. Mining exports accounted for 7.0% of Argentina's total exports in October and 5.6% for the year-to-date, exceeding the average mineral exports from 2010 to 2023 by 17.8%. This was reported in the latest update from the Ministry of Mining.
Aldebaran Reports a Very Significant Increase in Mineral Resources at the Altar Copper-Gold Project in San Juan
Aldebaran Resources Inc. announced the results of an updated mineral resource estimate for the Altar copper-gold project in San Juan province. This updated resource estimate includes three main porphyry discoveries (Altar Central, Altar East, and Altar United) reported within a single conceptual open pit. The 2024 Altar Resource Estimate is reported using the same cut-off (US$13.99 NSR/t) as the 2021 mineral resource estimate, to allow for a direct comparison.
Filo Drills 1,270m at 0.92% CuEq in Aurora and 529m at 0.97% CuEq in Bonita
Filo Corp. announced assay results from six holes from the Filo del Sol Project, located in San Juan province.
Aldebaran Announces Commencement of 2024/2025 Altar Project Field Program
Aldebaran Resources Inc. announced that field activities are underway and drilling has commenced at the Altar project in San Juan province.. The Company has secured five drill rigs for the 2024/2025 field program, with an option on a sixth, and is targeting approximately 25,000 m of drilling.
Events: The Mining Industry Gathers in Buenos Aires to Close Out 2024
Panorama Minero will organize its double event, "Argentina Gold, Silver & Copper" and the annual sector dinner "The Mining Awards Night", on December 4-5 in Buenos Aires, with an estimated audience of over 650 people. This platform will highlight the current state of the mining industry.