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Lithium Chile Plans Second Program For Additional T.E.M And Follow Up Drilling On The Turi Prospect

 TSX Venture Exchange: “LITH”                                                                              

FOR IMMEDIATE RELEASE

CALGARY, ALBERTA- January 16, 2019- Lithium Chile Inc. (‘Lithium Chile” or the “Company”) is pleased to announce that the local Turi community has approved the Company’s plans to run additional TEM geophysical surveys and based on these results, the Company may drill up to three exploration holes on the Turi Prospect.  Turi is one of the Company’s priority prospects for the following reasons:

  1. Near surface samples show grading of up to 590 mg/l of lithium;
  2. The 100% owned 76 km2 property covers the entire salar basin;
  3. There are two active geothermal springs on the property supplying primary recharge to the basin with lithium concentrations up to 170 mg/l; and
  4. The property is accessible with good infrastructure

It is anticipated that the TEM program will commence in late January or early February.

Steve Cochrane President and CEO of Lithium Chile, commented “We are pleased to have the approval to carry out additional exploration at Turi. The support of the Turi community has made this possible and is greatly appreciated. I look forward to seeing the results of the combined talents of our exploration team under Terry Walker and our lithium operations team under Jose de Castro”

Terry Walker V.P. Exploration of Lithium Chile, commented

 

Qualified Person

Mr. Terence Walker, M.Sc., P.Geo, qualified person within the meaning of National Instrument 43-101, has reviewed the contents of this news release.

About Lithium Chile

Lithium Chile is advancing a lithium property portfolio consisting of 159,700 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 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 .

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 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.

Lithium Chile Enhances Technical Team And Board Of Directors; Appoints Leading Lithium Expert, And Grants Stock Options

 TSX Venture Exchange: “LITH”

OTC-QB: “LTMCF”                                                                            

FOR IMMEDIATE RELEASE

CALGARY, ALBERTA – January 8, 2019 – Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to announce that it has appointed South American lithium expert, Jose de Castro Alem, to the Board of Directors and as Manager of Lithium Operations. Mr. de Castro is a recognized pioneer in lithium brine exploration, development and production in South America. He brings over 20 years of lithium brine experience, as well as a significant track record in the lithium triangle, to the Company’s management team. Jose de Castro Alem’s appointment is subject to regulatory approval.

Career Highlights

Orocobre Limited (“Orocobre”) – 2010-2015: Mr. de Castro was instrumental in Orocobre’s growth from a sub-$10 million market cap to over $1 billion market cap. During this time, he was responsible for everything from salar exploration to development of evaporation ponds and design/development of the initial plant. Mr. de Castro oversaw the $300 million-dollar lithium carbonate plant from definitive Feasibility Study until complete commercial operation. Mr. de Castro was also extensively involved with building relationships with local communities through to the senior levels of government. He was also involved in the successful joint venture between Orocobre and Japan based Toyota Tsusho Group.

NRG Metals Inc. – 2016-2018: Mr. de Castro was Vice President Operations for NRG Metals Inc. and played a key role in NRG Metals’ initial 43-101 lithium carbonate resource report.

FMC Corporation (“FMC”) – 1997-2003: During his years with FMC, Mr. de Castro was responsible for the lithium operations and production from the solar evaporation ponds, and lithium carbonate production from the processing plant.

Jose de Castro is a graduate of the National University of Salta, Argentina, with a degree in Chemical Engineering.

Steve Cochrane President and CEO of Lithium Chile, commented, “Jose de Castro is one of the leading lights in the South American lithium space and we are delighted that he has agreed to join us as both Manager of lithium operations and Board Director. Lithium Chile has an exceptional technical team and one of the largest lithium portfolios in Chile. With the additional expertise that Jose brings to the Company, we are looking forward to a very active and productive year ahead.

Jose de Castro Alem Manager of Lithium Operations commented, “I am very pleased to join Lithium Chile because of their outstanding portfolio of lithium prospects, their exceptional exploration team, and the new possibilities in Chile. Northern Chile is one of the most mining friendly jurisdictions in the world, with clear rules and great infrastructure. I look forward to working with Lithium Chile’s management team in advancing their projects quickly and efficiently.”

The Company also announces the granting of stock options to purchase a total of 700,000 common shares of the Company, an option to purchase 400,000 common shares to Mr. de Castro and an option to purchase 300,000 common shares to a consultant, subject to regulatory approval. The options were issued with an exercise price of $0.52 per share, vest as to one half (1/2) immediately and the remaining one half (1/2) on the first anniversary of the grant date and expire five years from the grant date.

About Lithium Chile

Lithium Chile is advancing a lithium property portfolio consisting of 159,950 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 and CEO via email: steve@lithiumchile.ca or alternately, Jeremy Ross, VP Business Development, at (604) 537-7556 or via email: jeremy@lithiumchile.ca .

 

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 news release.

Forward Looking Statements

This news release may contain certain forward-looking information and statements, including without limitation obtaining regulatory approval for the appointment of Jose de Castro Alem and the granting of the stock options.  All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties.  There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking statements.  A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Lithium Chile’s disclosure documents on the SEDAR website at www.sedar.com.  Lithium Chile does not undertake to update any forward-looking information except in accordance with applicable securities laws.

LITHIUM CHILE ANNOUNCES DRILLING PLANS FOR A 5TH HOLE TO 500 METERS ON OLLAGUE PROPERTY

 TSX Venture Exchange: “LITH”                                                                              

FOR IMMEDIATE RELEASE

LITHIUM CHILE ANNOUNCES DRILLING PLANS FOR A FIFTH HOLE TO FIVE HUNDRED METERS ON OLLAGUE PROPERTY

 CALGARY, Alberta, September 5, 2018 – Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to provide an update on their current drilling program. Based on strong indicators from their first four exploration holes on their Ollague prospect, Lithium Chile has been approved for a fifth hole that will extend the drilling depth from 250 meters to 500 meters.

Four exploration holes were originally planned and have now been successfully completed at Ollague. Results from the first hole were disclosed in a News Release dated August 23, 2018 and results from the remaining three holes are pending. Lithium Chile encountered grades in the brine in the first hole ranging up to 480 mg/l lithium with grades steadily increasing from 120 meters to its final depth of 300 meters. The first and second holes were drilled on the edge of the Ollague salar while holes three and four moved into the center of the basin.

Holes 3 and 4 were completed to a depth of 250 meters and were still in a porous brine formation when drilling was suspended as per the surface rights contract negotiated with the community of Ollague. Data collected at the drill sites indicated high salinity brines beginning at approximately 150 meters and open at depth at the time drilling was suspended.

Based on these indicators, Lithium Chile has made the decision to pursue a 5th hole in the center of the basin and north of holes three and four. Surface access has been successfully negotiated resulting in road and pad construction being completed over the past weekend with drilling planned to commence on Tuesday, September 4th.  The top 50 meters of this fifth hole will be cased with a surface casing to prevent up hole caving and to reduce the amount of contamination of the deeper brine targets from near surface freshwater zones. The target depth on the fifth hole is 500 meters which will allow Lithium Chile to test the deeper levels of the salar.

Steve Cochrane President and CEO of Lithium Chile commented: “Drilling a fifth hole at Ollague not only reflects the encouraging data we have collected on our first four holes but also reflects our belief that Ollague has the potential to be an exciting new lithium discovery”.

DRILLING PLANS FOR A 5TH HOLE TO 500 METERS
ON OLLAGUE PROPERTY

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 155,800 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 and CEO   via e mail: steve@lithiumchile.ca  or alternatively, Jeremy Ross, VP Business Development, at (604) 537-7556 or via email: jeremy@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 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.