The Pocitos salt flat is geologically similar to other well-known deposits located in continental basins as those found in Bolivia, Chile and Argentina. The mineral occurrence is brine retained in aquifers connected to an endorheic basin located in regions where rates of evaporation are higher than rates of precipitation. This results in the precipitation of different types of salts on the salt flats surface. Lithium, and other economically relevant elements, is an element soluble in brine.
Properties located farther to the south have been explored by other companies obtaining anomalous surface data of lithium and potassium and the geophysical studies have also indicated signs of brine and salt occurrence under the surface in the same region.
It should be pointed out that both the geographical location of the project region and the available infrastructure are regarded as favorable compared to other similar deposits in the area.
Hanaq is currently doing all the paperwork for the required licenses before the authorities of Salta in order to run a surface exploration campaign and thus, manage to establish the most suitable strategy to define lithium potential in the region.