Millennial Lithium (ML.V) has recently started the first phase of its lithium brine drill program on the Pastos Grandes lithium project in Argentina’s Salta province.
This first phase will consist of a few holes that are predominantly aiming to learn more about the stratigraphic characteristics of the brine, as well as the porosity. All holes will be drilled to a target depth of 350 meters, where after they will serve as a monitoring well for an adjacent pumping test well.
We know there’s lithium in the brine, as that has already been established by an operating subsidiary of the French conglomerate Eramet, but Millennial Lithium will do two things different. First of all, it will drill deeper holes as Eramet’s drill hole depth remained limited to 125-172 meters, even though it’s just basic science (and knowledge) the higher-grade portions ‘sink’ deeper due to the difference in density. So by drilling up to two/three times as deep as Eramet, Millennial will be in a better position to investigate the true potential of the Pastos Grandes Salar. And secondly, the pumping test wells will now be completed with a 10 inch casing which will increase the pumping extraction rate (compared to the previous well tests conducted by Eramet).
Go to Millennial’s website
The author has a long position in Millennial Lithium. Millennial is a sponsor of the website. Please read the disclaimer
