08:37 AM EDT, 08/22/2024 (MT Newswires) -- Argentina Lithium & Energy ( LILIF ) said Thursday that it completed geophysical surveys at its Don Fermin property within its Rincon West lithium project in Argentina.

The company said the results of the survey expanded the ?"potential extent of conductive brine aquifers at the project" by nearly 600 hectares while providing targets for a new six-hole drill program.

"The [Transient Electromagnetic] survey is a powerful tool that once again has provided us with excellent information for targeting," said Miles Rideout, the company's vice president of exploration in a statement.

"We are excited to move towards drilling at Don Fermin and to potentially define a second area for lithium resource delineation in the future."

The company's share price fell 2.9% yesterday to $0.17.