09:10 AM EDT, 04/24/2024 (MT Newswires) -- Argentina Lithium & Energy ( LILIF ) on Wednesday reported positive results from the 12th exploration hole at its Rincon West Project in Salta Province, Argentina.

Brine samples collected over a 165 metre interval of RW-DDH-012 ranged from 322 to 371 mg/l lithium.

"Our ongoing drilling continues to evaluate the Rinconcita II concession that extends from our original claims, eastwards over the salt flat towards the neighboring Rio Tinto concessions," Miles Rideout, the head of exploration at the company, said in a statement. "Thus far, our drilling at Rincon West demonstrates a continuous aquifer of concentrated lithium brines over an extensive basin."

The Rincon West Project covers 5198.8 hectares of the salar basin, consisting of three property blocks adjacent to Rio Tinto's Rincon Project. Drill hole RW-DDH-012 is the third exploration hole of the 6-hole program planned for the Rinconcita II property.

The company is currently completing the access to the next drill platform (RW-DDH-013), representing a further 1000 m step towards the northeast corner of the property block.