C29 Metals Limited announced that drilling at Pocitos 7, Pocitos salar in the province of Salta, Argentina has concluded at 420m with a packer test intercepting a deep aquifer from 370-400m. A flow test was conducted through a 49mm pipe with a submersible pump and achieved a pumping rate in excess of 2,000L an hour. Brine samples were obtained over a three hour pumping period.

Separate sample lots were sent to SGS and Alex Stewart laboratories in Salta for assay with blanks and standards, and a sample was sent to the University of Melbourne for testing using the EkosolveTM direct lithium extraction process that the Company has licenced. Laboratory assay results are expected in 7 to 14 days. A second hole is being planned and may be supplemented with an audio telluric (CSAMT) geophysics survey that will penetrate down to 500m to ensure that DD H2 at Pocitos 7 is optimally located.

Mr. Phillip Thomas, technical consultant to the Company for Pocitos 7, reported that the core transitioned from fine clays to a combination of halite and sands at the 350m mark and became coarser and more porous as the hole approached 400m with interbedding evident.