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QX Resources (ASX: QXR) to commence drilling on Liberty Lithium Brine project

October 25, 2023 03:11 AM BST | By Sonal Goyal
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 QX Resources (ASX: QXR) to commence drilling on Liberty Lithium Brine project
Image source: Company update

Highlights

  • QXR is set to begin a 1000m drilling program over the Liberty Lithium Brine project.
  • The campaign, entailing two diamond drillholes, will target the potential for lithium brine bearing aquifers.
  • The company plans to submit bulk volumes of brine with multiple direct lithium extraction (DLE) providers for testwork and analysis.

QX Resources Limited (ASX: QXR) is set to commence a 1000m drilling campaign over the US-based 102 square kilometres Liberty Lithium Brine Project. For the drilling campaign, the company has entered into a contract for a diamond drilling rig.

Two diameter deep diamond holes of 500m each have been approved. The targets are centred over >10km lithium brine surface anomaly with geophysics indicating conductive brine aquifer targets at depths.

The campaign aims to target the potential for lithium brine bearing aquifers at depth.

Data source: Company update

More

For the drilling program, IG Lithium, the vendor has provided an experienced support team along with QXR appointees.

Both drill holes will be sampled downhole along with downhole geophysics.

Data source: QXR update

Read more.

The company plans to lodge bulk volumes of brines for testwork and analysis with several DLE providers.

Shares up 4.5%

QXR shares jumped 4.54% to trade at AU$0.023 apiece at the time of writing on 25 October 2023.


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