TORONTO, Oct.  06, 2022  (GLOBE NEWSWIRE) -- Arena Minerals Inc. ("Arena" or the "Company") (TSX-V: AN | OTCQX: AMRZF) is pleased to announce that its subsidiary Sal de la Puna Holdings Inc. (“SdlPH”) has entered a binding Letter of Intent (the “LOI”) to acquire five mining claims covering 2,200 hectares of the Pastos Grandes basin, located in Salta province, Argentina. Three of these claims, covering a total of 2,000 hectares, lie immediately adjacent to the Fortuna II claim block where the Company recently discovered a 275-metre brine aquifer averaging 441 milligrams per litre lithium (for more information refer to press release dated October 3, 2022). This eastern sub-basin of Pastos Grandes is interpreted as extending south on to the newly acquired claims, potentially hosting the continuation of the discovered brine bearing aquifer. The new claims will form part of the Company’s Sal de la Puna lithium brine project ("the "Project"), which upon closing will cover 13,200 hectares of the Pastos Grandes basin in Argentina.
Arena Minerals to Acquire 2,000 Hectares Adjacent to R-01 Discovery in Pastos Grandes
Arena Minerals to Acquire 2,000 Hectares Adjacent to R-01 Discovery in Pastos Grandes --  Arena Minerals Inc. ("Arena" or the "Company") (TSX-V: AN | OTCQX: AMRZF) is pleased to announce that its subsidiary Sal de la Puna Holdings Inc. (“SdlPH”) has entered a binding Letter of Intent (the “LOI”) to acquire five mining claims covering 2,200 hectares of the Pastos Grandes basin, located in Salta province, Argentina. Three of these claims, covering a total of 2,000 hectares, lie immediately adjacent to the Fortuna II claim block where the Company recently discovered a 275-metre brine aquifer averaging 441 milligrams per litre lithium (for more information refer to press release dated October 3, 2022). This eastern sub-basin of Pastos Grandes is interpreted as extending south on to the newly acquired claims, potentially hosting the continuation of the discovered brine bearing aquifer. The new claims will form part of the Company’s Sal de la Puna lithium brine project ("the "Project"), which upon closing will cover 13,200 hectares of the Pastos Grandes basin in Argentina.