| Little-known Explorer Makes New Lithium Discovery Adjoining Rio Tinto in Argentina A junior exploration company is hitting strong lithium values with its initial drill holes at the company's Rincon West project high in the Andes of NW Argentina in the prolific Lithium Triangle. This discovery lies directly adjacent to Rio Tinto's large project at the Rincon Salar, or salt flat. RIO paid $825 million earlier this year to acquire the Rincon project with a large lithium brine resource – and has now built a pilot plant on site and is drilling with five-plus rigs. Here's where it gets exciting. Three of the explorer's first four drill holes are equivalent or stronger in terms of both grade and interval compared to RIO's resource. Importantly, this company has not been discovered by the market and still sports a tiny market cap of approx. $20 million. The next drill hole is being completed now. And it counts big – a major step-out 2 km to the west. With aggressive neighbors, and many others nearby, news of confirmation drilling results will travel fast. And here's another way to assess the near-term potential. The average market cap of lithium companies with a qualified resource estimate is well above $100 million. This junior is targeting to have its first resource estimate in 6 months – if the company has not been bought out before then. If you think you might want to check out this opportunity, do it right away. The story gets better – link through here.
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