Patagonia Lithium Limited (AU:PL3) has released an update.
Patagonia Lithium Ltd has announced the successful completion of a 370m deep exploratory well at its Formentera Lithium Project in Argentina, showing promising signs of high specific gravity brine flows indicative of lithium. The company eagerly awaits laboratory assay results within two weeks, following the positive initial field tests and visual observations of borate crystals associated with lithium deposits. The drilling results have also uncovered porous gravel units conducive to brine flow, with the well currently being prepared for future pump tests and porosity analyses.
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