Brisbane, QLD / November 16, 2017 / JMN Wire / Dark Horse Resources Limited (ASX: DHR) (“Dark Horse” or “the Company”) is pleased to provide a further update to the market on the status of the Company’s ongoing exploration programs over its Argentinean lithium projects. Dark Horse has access to this Argentinean lithium portfolio through its progressive acquisition of Pampa Litio SA, of which it currently owns 25%. Pampa Litio holds four separate exploration licences in the San Luis province totalling 34,000ha (separately detailed below), and holds an option to acquire the Las Tapias Mine in the Cordoba province, as outlined in the Company’s detailed ASX release of 15 August 2016.
Dark Horse has completed a comprehensive remote sensing interpretation study on its portfolio of exploration licences in San Luis province, Argentina. The results show that there are significant areas of pegmatite features within the exploration licences as described in detail below, and as outlined in Figures 3‐6.
Dark Horse recently reported the preliminary results from detailed geological mapping at the Las Tapias Mine (ASX release 8 November 2017). Assay results from this work will be reported within the next month. Detailed geological mapping is currently underway at the 4.5km El Totoral‐San Luis Mine. Regional exploration is concurrently being carried out over the four large exploration licences in the San Luis province ‐ Leon Herido, San Martin, Novillo Negro and El Totoral, totalling 34,000ha in area (Figures 1 and 2).
Dark Horse’s overriding objective is to discover and define a large lithium rich pegmatite resource, develop mines to produce lithium ore, and ultimately a production facility in Argentina manufacturing battery grade lithium hydroxide. The Company intends to form a strategic alliance with a large international group to advance and add value to this business.