The Salar De Arena Rica Project consists of eleven salars (salt lakes) located in the Atacama Region of Northern Chile. All of the eleven salars are 100% owned by Blanco Minerals and its Chilean partners, and they are clustered within a radius of approximately 100 kms. The salars are largely underlain and surrounded by volcanic rocks of andesitic to basaltic affinity that make up some of the 800 volcanoes located in the Andes Mountains of northern Chile. 70% of the world’s lithium deposits are located in the Lithium Triangle Region of Chile, Argentina and Bolivia.
The salars are salt filled closed basins, confined by a sequence of volcanic rocks. The brines in the salars were formed by leaching of the host volcanic rocks by snowmelt and rainwater run-off that accumulated in the closed basins. Evaporation concentrated the waters and precipited the salts which are commonly gypsum and halite.
Blanco Minerals Inc., through a joint venture with Sociedad Quimica y Minera de Chile (NYSE:SQM), is now producing and refining lithium brine from Salars 1, 2 and 3. SQM are processing the brine through their existing facilities in the region and are channeling distribution through their long established networks. The joint venture partners SQM are the world's second largest producers of lithium.
Blanco Minerals' projects at Salar de Arena Rica's Salars 4-11 have included initial drilling, transient electromagnetic geophysical surveys and regional surface water geochemical sampling programs. All 11 salars are on course to be on production by 2022 which will then make the Salar de Arena Rica project one of the largest single lithium producing projects in the world.
The location of the Salar de Arena Rica Project is set out below.
Blanco Minerals Inc.
Our management and technical team has a well-established track record of success in the resource sector and is focused on building Advantage Lithium into a significant producer.