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QX Resources (ASX: $QXR) intersects brines at Liberty Lithium Brine Project USA

QX Resources intersects brines at Liberty Lithium Brine Project USA


QX Resources Limited (ASX: $QXR) has successfully intersected brines in the first hole of a two-hole diamond drill program at the Liberty Lithium Brine Project in California, USA. Brine sampling is currently underway, with lithium assay results expected within six weeks. The second diamond drill hole, located 4km south of the first hole, is set to commence in the coming days.

Executive Commentary on Liberty Lithium Brine Project


We are encouraged with the progress to date. Brines have been intersected at multiple depths in favorable geology with the hole producing brines at a good rate. This is a great start and we look forward to updating the market with assays in six weeks. The second hole may well deliver even better results due to its favorable position to encounter more downhole intercepts of brines. The Liberty Lithium project is a large lithium brine target and has the hallmarks of a successful brine project. I'm looking forward to keeping investors updated with results and further drilling.

Summary of QX Resources' Liberty Lithium Brine Project Announcement


QX Resources (ASX: $QXR) has successfully intersected brines at the Liberty Lithium Brine Project in California, USA. The first drill hole has been completed, and brine sampling is underway, with lithium assay results anticipated within six weeks. The second diamond drill hole, located 4km south of the first hole, is set to commence in the coming days. The company has the ability to earn a 75% interest in the 102km2 Liberty Lithium Brine Project, which is one of the largest single lithium brine projects in the USA. QX Resources Managing Director, Stephen Promnitz, expressed optimism about the project's progress and the potential for even better results from the second drill hole. The company aims to connect end users with an expanding mineral exploration project portfolio and solid financial support.

Sourcehttps://announcements.asx.com.au/asxpdf/20231214/pdf/05yk7w53ch7bxv.pdf

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