Blanco Minerals owns a large lithium brine project located in Jujuy Province in northwest Argentina. The project consists of a 58 square kilometer salar (brine lake and surrounding concessions). The site is100% owned by Blanco Minerals and its 5% minority Argentinian partners.
Approximately USD$95Million has been invested in work on the project between 2010 to 2019, including:
- Extensive drilling campaign
440 Auger holes, 56 Reverse Circulation, 33 Diamond drill holes, 31 Pumping & Monitoring wells
- Pre-production well & pump tests completed
62% effective porosity and high transmissivity confirmed, 37% average over entire basin
- Gravity & seismic survey
- Basin lithological and resource model
Additional hydrogeological testing completed in 2018 by Blanco Minerals, focusing pump tests in the northern portion of the salar.
The NI 53-104 resource estimate includes an Indicated component of 305,300 tonnes of lithium at an average grade of 563 milligrams per litre (“mg/l”) (1,812,000 tonnes of lithium carbonate equivalent) (“LCE”) and 3,773,125 tonnes of potassium at an average grade of 6,205 mg/l (4,736,000 tonnes of potash (“KCl”) equivalent). The resource estimate also established an inferred resource of 255,200 tonnes of lithium at 440 mg/l (1,932,000 tonnes of LCE) and 3,148,386 tonnes of potassium at 4,880 mg/l (4,445,000 tonnes KCl equivalent).
Blanco Minerals are in extensive talks with several large global corporations from South Korea, Japan, China and the USA to enter a joint venture in order to reach a target of full production by the year 2022.
BLANCO MINERALS INC.
Blanco is a resource exploration company that is engaged in the business of acquiring and exploring mineral properties, with specific concentration on lithium