Yergo
LatAm Lithium Corp. (“LatAm”) owns a 100% interest in the mining and concession rights for the 2,932-hectare drill-ready Yergo Lithium Project (“Yergo”). Yergo is located in Catamarca Province (Argentina), encompasses the entire Aparejos Salar, and is within 9km of Zijin Mining’s production stage 3Q Project (“3Q”).
HIGHLIGHTS
- TIER 1 LOCATION: Located within South America’s “Lithium Triangle,” which is estimated to host about 54% of the world’s Lithium resources; Yergo is strategically close to the regional centre of Fiambala, having main road access across the property.
- HIGH QUALITY LITHIUM BRINE: Sampling by LatAm returned values of up to 373 mg/L Lithium and up to 8,001 mg/L Potassium and included low Magnesium to Lithium ratios.
- SHARED GEOLOGY WITH 3Q: Due to the Yergo Project’s proximity to the Zijin’s 3Q Project, both likely possess similar evaporitic climates and geologies, including exposure to lithium source rocks. Thus, Yergo is presumably rich in Lithium & Potassium.
PRIOR EXPLORATION
In 2019, LatAm carried out an initial exploration program consisting of surface and near-surface brine sampling and geological mapping.
- Samples returned values of up to 373 mg/L lithium (Li), and up to 8,001 mg/L potassium (K). Most (16) of the sample sites were located in the southeast portion of the salar.
- These samples averaged 278.1 mg/L Li, 6,091 mg/L K and 86.2 mg/L Mg with analyses indicating very low Mg:Li ratios (0.4 avg).
In 2021, LatAm completed a geophysical survey and geochemical sampling program.
- The Geophysical survey identified two large, anomalous sub-basins within the project of 2.3km x 1km (western sub-basin) and 1.8km x 2.5km (eastern sub-basin)
- Ten samples from the geochemical sampling program were collected and returned values of up to 336.97 mg/L Li and 7,159.78 mg/L K. In addition, the ratios of Mg to Li were notably low, averaging 1.51.
NEXT STEPS
A pre-drilling program has been designed to extend both the previous surface sampling and geophysical (VES) surveying program. Geophysical surveying equipment capable of identifying potential lithium-bearing aquifers to depths of 500-600 meters will be utilized, where the previous survey program utilized technology capable of testing only to levels of approximately 100 meters.
Drill targets have been identified and subject to the proposed geophysical survey results and receipt of drill permits, drilling would commence immediately thereafter.
In conjunction with an initial drill program, LatAm’s intention is to subject Yergo lithium samples to certain , direct lithium extraction “DLE” technologies. The ultimate objective will be to identify an ecologically friendly, cost-efficient, minimal foot-print technology for extracting lithium from identified lithium brines.
Exploration and sampling program – Aug 2021
Exploration and sampling program – Mar 2019
