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Orocobre Limited

09:51 AM EST - Orocobre Limited : announced the completion of a diamond drilling program on its Salar de Cauchari properties immediately south of the company's Salar de Olaroz project in Jujuy Province, Argentina. Results showed drill intersections of 244 m @ 548 mg/l Li in CAU001D (from 5-249 m) and 177 m @ 403 mg/l Li (9-186 m) in CAU002D. The brine Mg/Li ratio is low, averaging between 2.6 and 4.9 for the first 3 holes, while the SO4/Li ratio averages between 44 and 177, increasing towards the south and east of the salar. Orocobre Limited shares T.ORL are trading up $0.08 at $1.80.