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About
Lithium in Northern Chile
First Lithium Minerals Corp. (CSE: FLM) (OTC: FLMCF) (FSE: X28) is a Canadian mineral exploration and development company with a lithium and alkaline metals brine project in northern Chile and exploration properties in northwestern Ontario.
The Company is currently focusing on exploring for lithium and alkali metals at its 100% owned OCA lithium project comprised of approximately 9,000 ha of mineral exploration concessions located in the salars of Ollague, Carcote, and Ascotan in the Antofagasta Region of northern Chile.
In 2022 First Lithium Minerals successfully identified two priority exploration targets at the salars for potential brine mineralization. Following completion of a priority drill targets assessment the Company is planning to proceed to its inaugural brine resource exploration program in the northeastern property areas at the salar de Ascotan, which display promising geophysical characteristics based on the Transient Electromagnetic (“TEM”) and Magneto-Telluric (MT) geophysical surveys conducted in Q4/22 and Q1/23.
The results of the TEM and MT surveys indicate highly conductive horizontal zones of less than 1.0 Ohm-meter signatures which are typically associated with brine mineralization in hydrogeologic settings across the Andean plateau. Preliminary hydrogeological modelling suggests a gradually increasing brine signature starting at approximately 200 meters beneath the surface with widths up to 400 meters reaching a consolidated lacustrine base or bedrock at approximately 600 meters at depth. Highly conductive zones of less than 1.0 Ohm-meter also exhibit large extent and continuity in the southeastern sectors of the Carcote prospects and the northeastern sectors of the Ascotan.
