OTCQX:AVLIF - Post by User
Post by
surveyor2582on Feb 07, 2018 10:21am
96 Views
Post# 27518503
09:58 AM EST, 02/07/2018 (MT Newswires)
09:58 AM EST, 02/07/2018 (MT Newswires) Orocobre Up 3% On Exploration Results At Argentina Lithium Project
09:58 AM EST, 02/07/2018 (MT Newswires) -- Ocobre Ltd (ORL.TO) rose 3% early on Wednesday after the company said late Tuesday exploration drilling at its Cauchari joint-venture property in Argentina showed strong brine flows and high levels of lithium and potassium.
The company said hole CAU11 flowed at 19 liters per second and contained 515 milligrams of lithium per liter and 4,557 milligrams per liter (mg/l) of potassium.
As well, brine from hole CAU08 tested at 517 mg/l of lithium and 5,319 mg/l of potassium.
The Argentina project is a joint venture between Ocobre and Advantage Lithium (AAL.V), which itself is 33% owned by Ocobre.
Ocobre shares were up $0.21 to $6.57 at last look on the Toronto Stock Exchange while Advantage Lithium was up $0.05, or 4.2%, to $1.23 on the TSX Venture Exchange,