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Argentina Lithium & Energy Corp V.LIT

Alternate Symbol(s):  LILIF

Argentina Lithium & Energy Corp. is a Canada-based natural resource company. The Company is focused on acquiring lithium projects in Argentina. The Company explores, develops and advances its four key projects covering over 67,000 hectares (ha) in the Lithium Triangle of Argentina. The Company’s projects include Incahuasi Lithium Project, Antofalla North Lithium Project, Rincon West Project and Pocitos Project. The Incahuasi Project includes a 100% interest in over 25,000 ha of granted mineral rights properties in the Incahuasi Salar and basin in Catamarca Province, Argentina. The Antofalla North Project covers about 10,839 ha, including wholly owned and optioned claims. The Rincon West Project includes mining concessions covering over 5000 ha at the Rincon Salar. The Pocitos Salar Project includes over 26,000 ha of properties subject to four option agreements. The Pocitos Salar is located approximately 100 kilometers west of the town of San Antonio de los Cobres.


TSXV:LIT - Post by User

Post by SelfMadeon Oct 26, 2017 2:09pm
246 Views
Post# 26863782

Spoke to company today

Spoke to company today

Drill results due out in a weeks time. The area they are drilling is brand new for them never been drilled before and it’s in The Lithium Triangle, which including parts of northwestern Argentina, produces about half of the world’s lithium and hosts approximately 70% of the known lithium reserves. The property is called Arizaro Salar and they have entered into an agreement to earn a 100% interest in 20,500 hectares in the central area of the Arizaro Salar.There are some BIG names moving into properties next door to them to start drilling which is always a good sign. All in all though I was told that if they hit on these results due out in a week, it will needless to say, cause ALOT of noise and we could easily be sitting at $2 a share or even much higher obviously dependant on what grades are hit. We really just need to hit something decent and the upside is enormous in comparison to where we currently sit. So that being said, it is speculative to a degree but the prospects are definitely sound and I’m very optimistic from the DD I’ve done on the Lithium Triangle. Lastly, even providing they were not to hit anything they are well financed to go right back at it again until they do. I like the sounds of that risk to reward ratio :)

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