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ION Energy collects highest-grade lithium brine sample ever seen in Mongolia at its Urgakh Naran project www.proactiveinvestors.co.uk
ION Energy Limited has reported a significant new brine discovery at its Urgakh Naran lithium project in Mongolia.
The brine sample, which was collected at surface from a shallow pool, assayed 918 mg/L lithium – the highest-grade lithium brine known to have been collected in Mongolia, according to Toronto-based ION.
In a statement, ION Energy CEO Ali Haji said: "These exceptional early results are extremely exciting for all stakeholders, they reinforce the company view that high quality lithium brines could be discovered at the Urgakh Naran lithium project."
“We anticipate many more positive updates to the market in the coming months as exploration is ramped up over summer. ION has an active and expanded exploration team on site at Urgakh Naran and exploration is ongoing," he added.
The sample was obtained from a surface evaporation pond indicative of lithium brine potential at depth, ION told investors, adding that the assay result may not be indicative of lithium grade at depth due to evaporation effects, but is “highly encouraging”.
The firm is planning to sink a series of targeted holes to test brine potential at depth upon completion of the current geophysical and shallow auger hole program.
ION has now completed all 72 auger drill holes for a total of 820.5 metres and 427 geochemical samples, including brine samples.
The over 29,000 hectare Urgakh Naran is a highly prospective lithium brine license in Mongolia’s Dorngovi province.
Published Date:2022-05-11
