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Lithium Chile Retains Montgomery and Associates as Technical Advisors for Upcoming Drill Program

Canada NewsWire

CALGARY, July 16, 2019

TSX Venture Exchange: LITH
OTC-QB: LTMCF

CALGARY, July 16, 2019 /CNW/ – Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to announce that it has retained Montgomery and Associates to oversee the upcoming exploration program at its Coipasa lithium brine project in Chile. The program is expected to commence during August and will include drilling and sampling four holes to an expected depth of up to 500 metres.

Montgomery and Associates has over 25 years of experience in the drilling and sampling of South American brine Salars. The company has worked throughout Argentina and Chile and has assisted most of the major lithium companies operating in South America today.

Steve Cochrane, President and CEO of Lithium Chile, stated, “Coipasa is one of our most prospective lithium brine projects. The extensive experience and expertise of Montgomery and Associates will be of great advantage during the upcoming program and we look forward to the commencement of drilling.”

About Montgomery & Associates

Montgomery & Associates (M&A) has a history of partnering with clients to address their evolving challenges. Its base of clients includes mining companies, municipalities, private water companies, government agencies, industrial entities, and tribal groups who have come to expect state-of-the-art technical innovation combined with a strong, practical understanding of groundwater science. It employs a group of professionals in its U.S. and South American offices who specialize in hydrology, geology, soil science, policy and regulatory affairs, groundwater modeling, GIS analyses and 3D visualization, database management, and instrumentation and monitoring. Most of its principals have more than 20 years of experience; nearly all have master’s or doctoral degrees, along with one or more professional registrations. M&A staff members frequently present at conferences, participate in professional organizations, and serve on advisory boards.

About Lithium Chile

Lithium Chile is advancing a lithium property portfolio consisting of 167,050 hectares covering sections of 14 salars and 1 laguna complex in Chile.

Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH” and on the OTC-QB under the symbol “LTMCF”.

On Behalf of the Board of Directors,
LITHIUM CHILE INC.

Steven Cochrane
President & CEO

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE Lithium Chile Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2019/16/c8707.html

To find out more about Lithium Chile Inc., please contact Steven Cochrane, President and CEO via e mail: steve@lithiumchile.ca or alternately, Jeremy Ross, VP Business Development, at (604) 537-7556 or via email: jeremy@lithiumchile.ca.Copyright CNW Group 2019

Canada Newswire
July 16, 2019 – 5:00 AM PDT
News by QuoteMedia
www.quotemedia.com

LITHIUM CHILE HITS 480 MG/L OF LITHIUM BRINE ON 1ST DRILL HOLE AT OLLAGUE, CHILE

TSX Venture Exchange: “LITH”  OTC-QB: LTMCF 

For Immediate Release

LITHIUM CHILE HITS 480 MG/L OF LITHIUM BRINE ON 1ST DRILL HOLE AT OLLAGUE, CHILE

CALGARY, Alberta, August 23, 2018 – Lithium Chile Inc. (“Lithium Chile”) is pleased to announce that lithium-bearing brines have been intersected by the first of four drill holes at its wholly-owned Ollague project located in the Antofagasta Region of Chile.   Hole DDH-OLL-01-18 encountered an aquifer hosting lithium-bearing brines at a depth of 110 meters which continued to a depth of 290 meters. This continuous 180-meter zone of brine returned grades of up to 480mg/L lithium. The average grade over the last 60 meters was 470 mg/L lithium.

Steve Cochrane, President and CEO of Lithium Chile, commented: “Hitting such a thick and continuous zone of lithium-bearing brine on our very first hole at Ollague is a huge testament to the ability of our exploration team in Chile. I am extremely pleased that in our first exploration hole we have returned values that rival the average grades in Argentina. I am delighted that we have made a potentially significant lithium discovery at the very start of our drilling activity.”

Hole DDH-OLL-01-18 is located in the shallower, southwestern edge of the Ollague salar and bottomed at 300 meters.  Hole # 2 was also drilled in the southwestern edge of the Salar (now completed) with assays pending.  Hole # 3 (now completed) and hole # 4 (in progress) are targeting the center of the Ollague salar where the Company anticipates that the zone will continue to deeper depths.

The depths intersected coincide very closely with the main low conductivity zone detected by the transient electromagnetic survey (“TEM”) completed by Lithium Chile during March 2018 (see news release dated April 3, 2018) which supports Lithium Chile’s interpretation that the salar is open to significantly deeper depths.

Hole DDH-OLL-01-18

As this was an unsealed exploration hole which was drilled with fresh water, the samples values presented above are likely to have been diluted by drilling fluids and fresher up hole water.  Nevertheless, these results are highly significant in Lithium Chile’s view.

As a result of these significant results and the fact that grades are increasing with depth, management is evaluating the feasibility of drilling hole #4 deeper and potentially drilling another hole as well to more fully evaluate the salar at deeper depths.

The water samples were tested on site for salinity and conductivity and then bottled and sealed on site and shipped to ALS Patagonia, an accredited laboratory, where they were analyzed for lithium and 25 other major and trace elements using the ICP analytical technique.

This news release has been reviewed by Terence Walker, P. Geo., Vice President of Exploration and a qualified person as that term is defined in National Instrument 43-101.

About Lithium Chile

Lithium Chile is advancing a lithium property portfolio consisting of 152,900 hectares covering sections of 14 salars and 1 Laguna complex in Chile.

Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH” and on the OTC-QB under the symbol “LTMCF”.

To find out more about Lithium Chile Inc., please contact Steven Cochrane, President & CEO  via email: steve@lithiumchile.ca  or alternatively, Jeremy Ross, VP Business Development, at (604) 537-7556 or via email:jeremy@lithiumchile.ca https://www.lithiumchile.ca/

On Behalf of the Board of Directors,

LITHIUM CHILE INC.

Steven Cochrane

President & CEO

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-Looking Statements

This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “believes”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur.  In particular, this news release contains forward-looking statements relating to, among other things, management of the Company’s views regarding assay results as well as current and subsequent drilling programs.

You are cautioned that the following list of material factors and assumptions is not exhaustive.  Specific material factors and assumptions include, but are not limited to: the general stability of the economic and political environment in which the Company operates; the timely receipt of required regulatory approvals; the ability of the Company to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; the success the Company will have in exploring its prospects and the results from such prospects.  Accordingly, readers should not place undue reliance on forward-looking statements.  The Company does not undertake to update any forward-looking statements herein, except as required by applicable securities laws.  All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

 

 

 

 

 

 

 

 

Lithium Chile Inc. is pleased to provide an update on the ongoing drill program at its wholly-owned Ollague project

 

TSX Venture Exchange: “LITH” OTC-QB: LTMCF

CALGARY, July 23, 2018, /CNW/ – Lithium Chile Inc. (“Lithium Chile”) is pleased to provide an update on the ongoing drill program at its wholly-owned Ollague project, located in the Antofagasta Region of Chile.

The first hole, DDH-OLL-01-18, encountered a porous brine saturated salt/sand horizon at a depth of 110 meters which continued to a depth of 290 meters. These depths coincided with the main low conductivity zone detected by the transient electromagnetic survey completed by Lithium Chile on the property during March 2018 (“TEM” – see news release dated April 3, 2018). DDH-OLL-01-18 was terminated at 300 meters depth after penetrating the Salar basement at 290 meters. The drill rig is now set up on platform 2, located 2 kilometres SW of DDH-OLL-01-18.

In addition to recovering core during the drilling of DDH-OLL-01-18, a fluid sampling program was completed. This consisted of collecting 1-litre samples at 20-25 meter intervals throughout the 180-meter thickness of the porous zone. The samples were tested on site for salinity and conductivity and then bottled and sealed on site for shipping to an accredited laboratory, ALS Patagonia, for chemical analysis.

DDH-OLL-01-18 is located approximately 1 kilometre from a historic test well where Lithium Chile recently received assay results of 1220 mg/L lithium from newly taken downhole fluid samples.

This news release has been reviewed by Terence Walker, P. Geo., Vice President of Exploration and a qualified person as that term is defined in National Instrument 43-101.

About Lithium Chile

Lithium Chile is advancing a lithium property portfolio consisting of 152,900 hectares covering sections of 14 salars and 1 Laguna complex in Chile.

Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH” and on the OTC-QB under the symbol “LTMCF”.

On Behalf of the Board of Directors,

LITHIUM CHILE INC.

Steven CochranePresident & CEO

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-Looking StatementsThis news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “believes”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. In particular, this news release contains forward-looking statements relating to, among other things, management of the Company’s views regarding the current and subsequent drilling programs.

You are cautioned that the following list of material factors and assumptions is not exhaustive. Specific material factors and assumptions include, but are not limited to: the general stability of the economic and political environment in which the Company operates; the timely receipt of required regulatory approvals; the ability of the Company to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; the success the Company will have in exploring its prospects and the results from such prospects. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

SOURCE Lithium Chile Inc.

For further information: To find out more about Lithium Chile Inc., please contact Steven Cochrane, President and CEO at (403) 853 7117 or via email: steve@lithiumchile.ca or alternatively, Jeremy Ross, VP Business Development, at (604) 537-7556 or via email: jeremy@lithiumchile.ca.

Lithium Chile Identifies 58KM2 High-Priority Target Area At Coipasa, Chile

 Coincident high-grade lithium brines of up to 1410 mg/L from sampling and low resistivity geophysics

CALGARY, ALBERTA, May 7, 2018 – Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to announce that it has identified a 58+ square kilometre (km2) lithium brine target area at its Coipasa project in Chile. Recent sampling at the project has returned lithium values in near-surface brines ranging from 310 mg/L to 1410 mg/L. This large, open-ended, low resistivity zone was identified by Transient Electromagnetic surveys (TEM) and occupies a well-developed NW-SE trending sub-basin within the Salar de Coipasa. Importantly, this zone also displays the same geophysical characteristics as the lithium-rich aquifers at Salar de Atacama, home to the world’s largest and highest-grade lithium brine producers.

Project Highlights

  • High-Priority Target: Large 58+ km2 lithium brine target area identified on the Salar de Coipasa property.
  • Imminent Drilling: Near-term reconnaissance drill program planned to determine lithium content of the brine target.
  • Project Size: Coipasa property covers 113 square kilometres or about 70% of the 163 km2 Salar de Coipasa.
  • Near-Surface Grades: Lithium values in brine ranging from 310 mg/L to 1410 mg/L.
  • Excellent Chemistry: near surface brines with Li:K ratio of 0.06 and Mg:Li ratio of 3.9 comparable to the Li:K ratio of 0.08 and Mg:Li ratio of 6.4 at the Salar de Atacama.
  • Close to Infrastructure: Located within the Andean Lithium Belt, and accessible year-round via paved highway from the coastal city of Iquique.

The reconnaissance geophysical surveys completed to date indicate that this sub-horizontal zone, varying in thickness from 100 to over 300 metres and starting at 50-100 metres below surface, underlies approximately 65% of the property. The Company believes this horizon, with resistivity values of generally less than 3 ohms, reflects an extensive and thick saline aquifer.

Steve Cochrane, President and CEO of Lithium Chile, commented, “These strong survey results at our Coipasa project follow similarly impressive results at our Atacama, Ollague and Helados projects. It’s also important to note that we are the only major landholder in the Salar de Coipasa and we control the bulk of its footprint in Chile. This property will be included in our upcoming, multi-project drill program and we look forward to sharing the results.”

This news release has been reviewed by Terence Walker, P. Geo., Vice President of Exploration of the Company and a qualified person as that term is defined in National Instrument 43-101.

 About Lithium Chile

Lithium Chile is advancing a lithium property portfolio consisting of 148,500 hectares covering sections of 13 salars and 1 laguna complex in Chile.  The properties include 64 square kilometres on the Salar de Atacama which hosts the world’s highest concentration lithium brine production and is currently the source of approximately 30% of the world’s lithium production.  Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH”.

To find out more about Lithium Chile Inc, please contact Steven Cochrane, President and CEO or Jeremy Ross, VP Business Development, at (604) 537-7556 or via email: info@lithiumchile.ca.

On Behalf of the Board of Directors,

LITHIUM CHILE INC

Steven Cochrane

CEO

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

 

Forward Looking Statements

This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements“). Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “believes”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur.  In particular, this news release contains forward-looking statements relating to, among other things, management of the Company’s views regarding its properties and the ability of the Company to conduct exploration on its properties and the anticipated drilling program of the Company.

You are cautioned that the following list of material factors and assumptions is not exhaustive.  Specific material factors and assumptions include, but are not limited to: the general stability of the economic and political environment in which the Company operates; the timely receipt of required regulatory approvals; the ability of the Company to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; and the success the Company will have in exploring its prospects and the results from such prospects.  Accordingly, readers should not place undue reliance on forward-looking statements.  The Company does not undertake to update any forward-looking statements herein, except as required by applicable securities laws.  All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.