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ION Energy completes exploration program at its Baavhai Uul lithium salar project in Mongolia

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ION Energy Ltd (CVE:ION) (OTCQB:IONGF) (FRA 5YB) said that it has successfully completed its maiden exploration drilling program at its flagship Baavhai Uul Lithium Salar Project in southeastern Mongolia.

The Canadian explorer had announced the commencement of the program earlier in June this year. The company has now completed the drilling of 21 drill holes through the highlighted prospective basins.

ION added that collection of core samples, sediments and shallow brine from aquifers has been completed and submitted to ISO 17025 certified SGS Laboratories in Ulaanbataar, Mongolia for assaying results which will be analyzed in the coming months.

READ: ION Energy Limited commences exploration at Baavhai Uul Lithium Salar Project in Mongolia

Highlights of the program include:

  • Completion of 21 core drill holes over 823.2 metres;
  • Brine samples have been collected and initial samples have been submitted for analysis;
  • Basin targets remain open and brines intersected are shallow;
  • Additional drilling and sampling is currently being planned;
  • The program marks the first ever drilling program successfully completed on a lithium salar project in Mongolia.

“The company is highly encouraged by the stratigraphic lithologies and brines intersected in the maiden drilling program at Baavhai Uul and both basin targets remain open in area,” ION Energy CEO Ali Haji said in a statement.

“These are the first of many exciting Lithium Salar targets that ION Energy is generating in Mongolia for drilling in 2021,” he added.

ION Energy is committed to exploring and developing Mongolia’s lithium salars. The company’s flagship, more than 81,000-hectare Baavhai Uul lithium brine project, represents the largest and first lithium brine exploration licence award in Mongolia. ION also holds the Urgakh Naran lithium brine project in Mongolia’s Dorngovi province, which covers an area of more than 29,000 hectares of what the company calls “highly prospective lithium terrain.”

Contact the author Uttara Choudhury at [email protected]

Follow her on Twitter: @UttaraProactive

Story by ProactiveInvestors


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