- Large Argentine reserves in Lithium Triangle
- Investor friendly regulatory environment
- Favorable drilling results of 250 mg per liter obtained near Marifil claim
It may be facing some tough times presently, but there is no need to cry for Argentina, for this is a country with a GDP of $626 billion, according to the latest IMF data – not much less than Saudi Arabia or Switzerland. It is also home to extensive deposits of lithium. The U.S. Geological Survey puts the country’s reserves at two million metric tons (tonnes), the fourth largest in the world after Chile, China and Australia. Estimates by Argentine government officials are even rosier. “Argentina has over 650 million tonnes of lithium in known salars,” says one, quite enough to satisfy present global demand for about 300 years (http://nnw.fm/0TRnw). Some of that demand could likely be met with lithium from claims held by Marifil Mines Ltd. (TSX.V: MFM) (OTC: MFMLF). The junior Canadian explorer holds lithium interests in Catamarca province, in the same geologic and mining region that hosts FMC’s world-renowned Hombre Muerto mine.
Despite its economic woes (the country has asked the IMF for $50 billion), Argentina is moving ahead with plans to create an inviting regulatory environment for investors in the…
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