Marifier begins lithium exploration project in Argentina

MarifilMines launched a lithium exploration project by acquiring two salt water properties in Catamarca, Argentina.

The property has a total of 6,528 hectares covering some of the alkaline flats on the Puna Plateau ("Salas" or "Salt Lake"), a high-altitude basin plain on the eastern slopes of the Andes.

The tenements or claims have potential not only for lithium salts, but also for potassium salts and borate. The project area is located approximately 100 kilometers south of the FMCHombreMuerto lithium brine production operation.

Marifil President and CEO Robert Abenante said: "The acquisition of these exciting lithium statements marks the beginning of our active lithium asset acquisition and exploration activities.

“The right to obtain these important lithium properties at the Lithium Triangle Center in Argentina demonstrates our company's ability to leverage its respected and experienced team in Argentina.

"We will continue to negotiate to gain additional lithium prospects for our lithium battery packs in Argentina's world-renowned lithium triangle."

Lithium is derived from volcanic source hot water, leached from the surrounding volcanic rocks, and concentrated by evaporation, with no exports other than evaporation. Hydrothermal solutions from regional faults may also be secondary sources of lithium and borate.

The tenements that make up these properties are called “cateos” and are converted into “exploration concessions” in Argentina. These catos, Fraile (5,678) and Ratones (850) are controlled by Marifil 100%.

The property is not subject to the obligations of the landlord's owner, as both properties are located on government land.

The Ratonescateo is located in Rathennessal, about 50 km southwest of the town of Antofagasta de la Sierra, and is accessible via dirt roads. The crescent-shaped Ratnessalar is about 1.5 kilometers wide and 15 kilometers long. The company’s claim covers the core of the future of the Salar South.

The company has collected eightspecial surface water samples on Radhennessal. Boron was found to be abnormal in geochemical levels, but there was no abnormal lithium.

These brine samples are considered to have been diluted by fresh water loss and the results represent only the top of the water sample, where the sample may not represent the denser brine present deeper in the water column.

The lithium-containing brine aquifer below the blazed salt layer has low electrical resistivity and high electrical conductivity. This horizon can be detected by transient electromagnetic (TEM) geophysical surveys, which are intended to be the next step for the company to explore Radhennessal.

Frailecateo is located in Frailesalar, about 60 km west of Antofagasta de la Sierra, and can be reached by dirt road. It covers the northeastern edge of the large salt marsh that is mainly hidden by alluvial fans. They plan to survey exploration pit sampling.

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