Salares Lithium Inc. reports the status of the first phase exploration program on its ‘Salares 7’ project in Region III, Chile. The Project encompasses 960 square km of which 394 square km are prospective for sub-surface lithium and potassium in seven salares (brine lakes).
Exploration. The first phase of the exploration programme is a 54-line kilometre Transient Electromagnetic (“TEM“) geophysical survey on the Salar de La Isla and Salar de Las Parinas. This phase is on-going with completion anticipated for early February, 2010. The TEM geophysics program will continue onto the other five salares once the survey at the Salar de La Isla and Salar de Las Parinas is completed.
The data generated by the TEM survey will define the size and extent of the brine pools within the basins and enable the individual basin profiles to be constructed. This information will be utilized in planning the sampling / drilling program expected to begin in February, 2010.
The TEM geophysics program is being carried out by Geodatos SAIC of Santiago, Chile, a well known Chilean geophysics company with broad international experience. Pertinent to the Company’s needs is that Geodatos has conducted surveys at the lithium rich Salar de Atacama, located approximately 200 kilometres north of the Project.
About TEM. TEM uses electromagnetic impulse excitation to investigate the subsurface. It is a variation of the electromagnetic method in which electric and magnetic fields are induced by transient pulses of electrical current in coils or antennas instead of by continuous current. TEM surveys have become the most popular surface EM technique used in exploration for minerals and groundwater and for environmental mapping.